Technical Definition
This MCC must be used for the payment of management fees, rental commissions, rental payments, and other payments at real estate agents, brokers, and managers engaged in the rental and management of residential and commercial properties. This MCC should also be used for payments of deposits for real estate purchases. Short term rentals (of less than one month) must be included in MCC 7011 Lodging – Hotels, Motels, Resorts, Central Reservation Services (Not Elsewhere Classified) or, if appropriate, the Merchant’s MCC. This MCC does not include mortgage loan payments and real estate purchases. These transactions must be identified with a more appropriate MCC such as MCC 6012 Financial Institutions – Merchandise and Services; MCC 1520 General Contractors; MCC 8111 Legal Services and Attorneys. Apartment Rentals Commercial Property Rentals Homeowner/Condo Association Fees/Dues Housing Rentals Property Rentals Real Estate Agents Brokers, Managers – Rentals Rental Services – Residential and Commercial Properties Residential Rentals Service – Residential and Commercial Properties Rentals Managers
Cross-Industry Classification
This code is part of the ISO 18245 standard used by global payment networks. It may correspond to the following alternate classification systems:
- VISA: Real Estate Agents and Managers
- MASTERCARD: Real Estate Agents and Managers: Rentals
- SIC: Pending cross-reference
- NAICS: Pending cross-reference
Associated Merchants
The following merchants are known to historically trigger this category for rewards calculation:
No specific merchants linked yet. AxeTip is currently indexing the global merchant database for this code.