***
**The entity's core business is:**
{% columns %}
{% column width="75%" %}
{% endcolumn %}
{% column width="25%" %}
{% endcolumn %}
{% endcolumns %}
## Assessment Instructions
Intent: What is the purpose of this indicator?
The entity’s primary business activities during the reporting year correspond to the Real Estate Assessment components that are most relevant to it.
Input: How do I complete this indicator?
Select the option applicable to the reporting entity.
**Note**: This indicator is used for reporting purposes only. Participants must select the component(s) they wish to complete within the 'Response Settings' page of the assessment portal. An entity's RC5 selection does not activate the associated component(s) in the portal.
*Click below for more information on the assessment components:*
Assessment Structure & Scope
#### Terminology
**Major Renovations**
> Alterations that affect more than 50 percent of the total building floor area or cause relocation of more than 50 percent of regular building occupants. Major renovation projects refer to buildings that were under construction at any time during the reporting year.
**New Construction**
> Includes all activities to obtain or change building or land use permissions and financing. Includes construction work for the project with the intention of enhancing the property’s value. Development of new buildings and additions to existing buildings that affect usable space can be treated as new constructions. New construction projects refer to buildings that were under construction at any time during the reporting year.
**Standing Investments**
> Real estate properties where construction work has been completed and which are owned for the purpose of leasing and producing rental income. The level of occupancy is not relevant for this definition. Also known as operating buildings.
Validation: What evidence is required?
No evidence required.
## Scoring
This indicator is not scored.
***
---
# Agent Instructions: Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.
Perform an HTTP GET request on the current page URL with the `ask` query parameter:
```
GET https://guides.gresb.com/completingassessments/2026-real-estate-assessment/re/entity-and-reporting-characteristics/reporting-characteristics/rc5-nature-of-entitys-business.md?ask=
```
The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.
Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.