REAL ESTATE OPERATORS (EXCEPT DEVELOPERS) AND LESSORS (SIC 651)

Included in this industry group are real estate operators (except
developers) and lessors.  Lessees or lessors engaged in the
development or improvement of unimproved real property are
classified according to the principal activity performed.  This
group includes operators of apartment hotels and residential
mobile home sites, but does not include hotels, rooming and
boarding houses, camps, travel trailer parks, and other lodging
places for transients which are classified in Services, Major
Group 70.  "Operators" in this group will be interpreted as
owner-operators.  Establishments primarily engaged in renting,
buying, selling, managing, and appraising real estate for others
are classified in Industry 6531.