Real estate activities on a fee or contract basis

NACE v2.0 Code: L68.3

About real estate activities on a fee or contract basis

NACE code 68.3 covers real estate activities carried out on a fee or contract basis. This industry plays a crucial role in facilitating property transactions and managing real estate assets on behalf of clients. Real estate agents, property managers, and other professionals operating under this code provide essential services that support the broader real estate market and the wider economy.

Production process

The key activities within this industry include listing and marketing properties for sale or rent, negotiating transactions between buyers and sellers, managing rental properties on behalf of owners, and providing advisory services related to real estate investments and development. Professionals in this field leverage their expertise in market analysis, property valuation, and legal/regulatory compliance to deliver tailored solutions to their clients.

Production inputs

The main inputs required for real estate activities on a fee or contract basis include access to property listings, market data, legal and financial expertise, as well as a network of industry contacts and potential clients. Professionals in this field also rely on various software tools and platforms to streamline their operations and provide efficient service.

Production outputs

The primary outputs of this industry are the successful completion of real estate transactions, the effective management of rental properties, and the provision of advisory services to clients. The outputs of NACE code 68.3 are often consumed by other related industries, such as 68.1 Real estate activities with own or leased property and 41.1 Development of building projects.

Revisions to 68.3

Classification codes are adjusted frequently. The code may have been revised or replaced between system versions. The table below shows the history (newest to oldest) of the code 68.3. The most recent 1 version of this code (68.3) is in the NACE v2.1 system:

This page shows a legacy version of code 68.3 ( NACE v2.0).

Newer versions

Related ISIC Codes

These isic codes are related to this econ code: (68.3).

ISIC code ISIC Version ISIC title
682ISIC v4.0Real estate activities on a fee or contract basis

Family tree for real estate activities on a fee or contract basis

    graph LR
    A["<a href='/classifications/nace/v2/L'>L: REAL ESTATE ACTIVITIES</a>"]
A --> B["<a href='/classifications/nace/v2/L/68'>68: Real estate activities</a>"]
B --> C["<a href='/classifications/nace/v2/L/68/3'>68.3: Real estate activities on a fee or contract basis</a>"]

    B --> D["<a href='/classifications/nace/v2/L/68/1'>68.1: Buying and selling of own real estate</a>"]
B --> E["<a href='/classifications/nace/v2/L/68/2'>68.2: Rental and operating of own or leased real estate</a>"]

    C --> F["<a href='/classifications/nace/v2/L/68/31'>68.31: Real estate agencies</a>"]
C --> G["<a href='/classifications/nace/v2/L/68/32'>68.32: Management of real estate on a fee or contract basis</a>"]


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