Is real estate a high risk Naics code?

What Naics code should I use for real estate investment?

NAICS Code: 531390 Other Activities Related to Real Estate | NAICS Association.

What is the 6 digit Naics code for real estate?

Click Any NAICS Code to See The Description and Top 10 Companies in that field.

Codes Titles
53 Real Estate and Rental and Leasing
5311 Lessors of Real Estate
531110 Lessors of Residential Buildings and Dwellings
531120 Lessors of Nonresidential Buildings (except Miniwarehouses)

What businesses are considered risky?

Risky business codes and names will tell the tale.

Restricted industries (automatic decline) include:

  • Ammunition or Weapons Manufacturing; wholesale and retail.
  • Bail Bonds.
  • Check Cashing Agencies.
  • Energy, oil trading, or petroleum extraction or production.

What is the Naics code for real estate wholesaling?

425120 – Wholesale Trade Agents and Brokers.

Do Realtors have a Naics code?

NAICS Code: 531210 Offices of Real Estate Agents and Brokers | NAICS Association.

What is Lessors of other real estate property?

This industry comprises establishments primarily engaged in acting as lessors of real estate (except buildings), such as manufactured home (i.e., mobile home) sites, vacant lots, and grazing land.

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What are lessors of real estate?

key takeaways. A lessor is the owner of an asset that is leased, or rented, to another party, known as the lessee. … While any sort of property can be leased, the practice is most commonly associated with residential or commercial real estate—a home or office.

What are other activities related to real estate?

Real estate activities encompass a range of services relating to the provision of property, i.e. buying, selling and renting of commercial and residential properties or land. This division also includes the activities of real estate agents intermediating in buying, selling, letting or managing real estate.

What is lessors of residential buildings and dwellings?

531110 LESSORS OF RESIDENTIAL BUILDINGS AND DWELLINGS

Included in this industry are owner-lessors and establishments renting real estate and then acting as lessors in subleasing it to others. The establishments in this industry may manage the property themselves or have another establishment manage it for them.

Who is a high risk customer?

Higher Risk Customers are those who are engaged in certain professions or avail the banking products and services where money laundering possibilities are high. Financial Institutions conduct enhanced due diligence (EDD) and ongoing monitoring for the higher risk customers.