WZ M—Real estate activities

Where M sits

1. M Real estate activities

Contains 1 narrower code

• 68 Real estate activities

What M includes

• This section covers the activities of owning, renting, buying, selling, developing, or renovating (converting/redeveloping) real estate. It includes various types of real estate investors (e.g., real estate investment trusts (REITs), property management companies, real estate funds, developers or real estate dealers, housing cooperatives).
• This section also covers the activities of real estate agents who perform one or more of the following: selling or buying land, buildings, and apartments; renting land, buildings, and apartments; and providing other real estate services (e.g., property valuation or acting as a real estate trustee). The activities covered by this section may involve owned or rented properties and may be performed for a fee or on a contractual basis.
• This section also includes the development of building projects for own buildings or deep structures, for subsequent sale or for rent.

What M excludes

• General and specialized construction activities for construction, see section F

M in other systems