NAICS UNIVERSITY · Free research for insurance agents
Offices of Real Estate Agents and Brokers
NAICS 531210 · United States · 2022 edition
This industry comprises establishments primarily engaged in acting as agents and/or brokers in one or more of the following: (1) selling real estate for others; (2) buying real estate for others; and (3) renting real estate for others.
Start with the work promised to the client.
For Offices of Real Estate Agents and Brokers, clarify the services, contracts and consequences of an error. Review professional liability (e&o), supervision liability, premises liability. Confirm which professional activities and additional services the proposed coverage actually addresses.
Questions to ask
- How many licensed agents are under the broker's license, and are they W-2 employees or independent contractors?
- What mix of transaction types does the brokerage handle — residential, commercial, land, or rentals?
- What is the approximate annual transaction volume or gross commission income?
- Does the firm also provide property management services?
- Any prior E&O claims or circumstances in the last five years?
- What states does the brokerage operate in or handle transactions for?
- For Offices of Real Estate Agents and Brokers, what should the underwriter know about prior e&o claims, particularly those involving misrepresentation or disclosure failures?
- For Offices of Real Estate Agents and Brokers, what should the underwriter know about combined brokerage and property management operations, which can expand the e&o exposure profile significantly?
Activities described by this code
Other activities to examine
Census classification reference
For educational purposes only. AI-generated insurance research and automated logic can contain errors. Independently verify classification and coverage decisions.
Compare another operationInsurance operations research — draft
Real estate agents and brokers facilitate the buying, selling, and renting of residential and commercial properties on behalf of clients, earning commissions or fees at closing. Day-to-day work typically involves property showings, contract negotiation, MLS listing management, and coordination with lenders, title companies, and attorneys. Some brokerages also supervise independent contractor agents operating under the broker's license.
Questions to investigate
- How many licensed agents are under the broker's license, and are they W-2 employees or independent contractors?
- What mix of transaction types does the brokerage handle — residential, commercial, land, or rentals?
- What is the approximate annual transaction volume or gross commission income?
- Does the firm also provide property management services?
This insurance research was generated in April 2026. It has not received a complete human review. The October 12, 2026 audit checked codes and titles only, not descriptions or coverage assertions.