Title Abstract & Settlement Offices
Key Figures
Figures are published for NAICS 541191 directly.
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Official definition
This U.S. industry comprises establishments (except offices of lawyers and attorneys) primarily engaged in one or more of the following activities: (1) researching public land records to gather information relating to real estate titles; (2) preparing documents necessary for the transfer of the title, financing, and settlement; (3) conducting final real estate settlements and closings; and (4) filing legal and other documents relating to the sale of real estate. Real estate settlement offices, title abstract companies, and title search companies are included in this industry.
Source: US Census Bureau, 2017 NAICS Definitions. Public domain.
Which code does this activity belong in?
Title abstract and settlement offices are distinguished from other legal services by their specialization in real estate transactions. Code 541191 covers establishments that research public records for title information, prepare transaction documents, conduct closings, and file real estate sale documents. All other legal services, classified in code 541199, encompasses legal practitioners providing specialized services in different areas, such as notary services, patent agent services, paralegal services, and process serving, but excludes title and settlement work specific to real estate transfers.