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Classification Phraseology as of:
1/1/2021
 
Classification Code:
8741
 
Phraseology:

REAL ESTATE AGENCIES — all employees — including Clerical Office Employees, Clerical Telecommuter Employees and Outside Salespersons

Footnote:

This classification applies to real estate agencies that represent buyers, sellers, lessees and lessors in real estate transactions.

The operation or management of rental property, construction and remodeling operations shall be separately classified.

This classification also applies to non-residing leasing agents of a property management company who are engaged exclusively in the rental or leasing of property to clients and who have no other duties of any kind except clerical office work and the property management company retains separate employees to manage the property.

Employers that specialize in residential and commercial mortgage brokerage or mortgage banking operations that do not engage in the direct lending of mortgage funds shall be classified as 8743, Mortgage Brokers.

Employers that specialize in the direct lending of funds for residential and commercial mortgages shall be classified as 8749, Mortgage Bankers.

Industry Group/Related Classifications:
Approved Pure Premium Rate:
To learn how approved pure premium rates are different than insurer rates, click here.
Effective DatePure Premium RateNote
1/1/2021$0.09New/Renewal
1/1/2020$0.10New/Renewal
1/1/2019$0.13New/Renewal
Prior Phraseology and Footnote:
Shown below is the previously published phraseology and footnoteEffective Date

Phraseology:
REAL ESTATE AGENCIES — all employees — including Clerical Office Employees and Outside Salespersons

Footnote:
Care, custody and maintenance or construction work shall be separately classified.

Industry Group/Related Classifications:
Property Management/Operation

1/1/2020
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