Re Section L Real estate
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Group 681 - Real estate activities with own or leased property

PSIC Group 681 covers Real estate activities with own or leased property. Direct children below it include Cemetery and columbarium development, selling, renting, leasing and operating of self- owned...

Level Group
Hierarchy depth 3/5
Children 5
Last verified 2026-05-12
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About this level

Practical summary

Group 681 sits in the PSIC 2019 hierarchy under L Real Estate Activities > 68 Real Estate Activities. This group usually narrows the choice to a small family of classes such as Cemetery and columbarium development, selling, renting, leasing and operating of self- owned cemetery/columbarium (including burial crypt), Real Estate Buying, Selling, Renting, Leasing and Operating of Self-owned/leased Apartment Buildings, Non-residential and Dwellings, and Real Estate Buying, Developing, Subdividing and Selling. It is useful when two or three neighboring activities look similar but should not be collapsed into one code.

Administrative context

Where this code is used

This group is used when reviewers compare a short list of classes such as Cemetery and columbarium development, selling, renting, leasing and operating of self- owned cemetery/columbarium (including burial crypt), Real Estate Buying, Selling, Renting, Leasing and Operating of Self-owned/leased Apartment Buildings, Non-residential and Dwellings, and Real Estate Buying, Developing, Subdividing and Selling and need to decide which family is the closest fit. It is common in internal classification review and administrative lookup work.

Selection note

How to choose it

Use this group when the activity sits between similar classes such as Cemetery and columbarium development, selling, renting, leasing and operating of self- owned cemetery/columbarium (including burial crypt), Real Estate Buying, Selling, Renting, Leasing and Operating of Self-owned/leased Apartment Buildings, Non-residential and Dwellings, and Real Estate Buying, Developing, Subdividing and Selling. The safest choice is the one whose wording matches the actual production, service or operating model most closely.

Official note

Source-backed description

This group includes: Buying, selling, renting and operating of self- owned or leased real estate such as: apartment buildings and dwellings; non- residential buildings, including exhibition halls, self-storage facilities, malls and shopping centers; land Provision of homes and furnished or unfurnished flats or apartments for more permanent use, typically on a monthly or annual basis This group also includes: Development of building projects for own operation, i.e. for renting of space in these buildings Subdividing real estate into lots, without land improvement Operation of residential mobile home sites Development and sale of land and cemetery lots and operation of apartelles. This group excludes: Development of building projects for sale, see 4100; Subdividing and improving of land, see 4290; Operation of hotels, suite hotels and similar accommodations, see 5510; Operation of campgrounds, trailer parks and similar accommodation, see 5510; Operation of workers hostels, rooming houses and similar accommodations, see 5590. 6811 68110 Real estate buying, selling, renting, leasing and operating of self-owned/leased apartment buildings, non-residential and dwellings 6812 68120 Real estate buying, developing, subdividing and selling, of residential including mass housing

FAQ

What does PSIC Group 681 cover?

PSIC Group 681 clusters a smaller family of classes under Real estate activities with own or leased property and is useful when the business sits between closely related options.

How do I compare Group 681 with sibling groups?

Look at the parent class and the nearby sibling groups. On this page, the most relevant nearby options are 682 Real Estate Activities on A Fee or Contract Basis.

Why is Group 681 useful for classification?

It sits at the point where a broad sector is already narrowed enough to compare a small family of similar classes before the final code choice.