Agent vs realtor

The differences between agents and realtors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a realtor has an average salary of $38,290, which is higher than the $37,864 average annual salary of an agent.

The top three skills for an agent include insurance products, customer service and life insurance. The most important skills for a realtor are residential real estate, open houses, and purchase agreements.

Agent vs realtor overview

	Agent	Realtor
Yearly salary	$37,864	$38,290
Hourly rate	$18.20	$18.41
Growth rate	6%	5%
Number of jobs	184,325	7,482
Job satisfaction	2	-
Most common degree	Bachelor's Degree, 44%	Bachelor's Degree, 60%
Average age	46	49
Years of experience	-	-

What does an agent do?

Agents are individuals who are employed by their clients to represent them in various dealings. Agents are usually employed by people in the show business industry, such as actors, writers, or directors. They meet people who are interested in dealing with their clients. They listen to the plans and vision for the project and assess if the project fits their clients' interests or public image. In the case of agents whose clients are actors, they send their clients to auditions upon review of the project details. Agents are also responsible for negotiating terms on behalf of their clients, such as salary, royalties, and set benefits, among others. They also inform the project leaders of their clients' demands on set. Agents are expected to be business-savvy and good negotiators.

What does a realtor do?

A realtor is responsible for processing real estate transactions and assisting clients with their concerns and inquiries about a specific property. A realtor should always work for their clients' best interests, ensuring that proposals work within the client's specified budget and property goals. A realtor will also consider the security of a property location before a recommendation to ensure the client's safety and comfort. Realtors must finalize records of cost estimates and purchase agreements, which are essential in choosing the best property.

Agent vs realtor salary

Agents and realtors have different pay scales, as shown below.

	Agent	Realtor
Average salary	$37,864	$38,290
Salary range	Between $19,000 And $72,000	Between $27,000 And $53,000
Highest paying City	New York, NY	San Antonio, TX
Highest paying state	New York	Connecticut
Best paying company	Latham & Watkins	Berkshire Hathaway Homeservices Alliance Real Estate
Best paying industry	-	Real Estate

Differences between agent and realtor education

There are a few differences between an agent and a realtor in terms of educational background:

	Agent	Realtor
Most common degree	Bachelor's Degree, 44%	Bachelor's Degree, 60%
Most common major	Business	Business
Most common college	University of Pennsylvania	-

Agent vs realtor demographics

Here are the differences between agents' and realtors' demographics:

	Agent	Realtor
Average age	46	49
Gender ratio	Male, 50.5% Female, 49.5%	Male, 40.2% Female, 59.8%
Race ratio	Black or African American, 9.2% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.4% American Indian and Alaska Native, 0.1%	Black or African American, 5.3% Unknown, 4.3% Hispanic or Latino, 13.3% Asian, 6.9% White, 69.8% American Indian and Alaska Native, 0.3%
LGBT Percentage	7%	13%

Differences between agent and realtor duties and responsibilities

Agent example responsibilities.

Schedule and meet individuals\groups for assign or self-generate leads, assist and enroll eligible individuals in suitable Medicare product.
Verify documentation and coding using CPT and ICD-9 correct coding standards.
Assist TANF customers with obtaining employment.
Direct compliance with all CPT and Medicare guidelines.
Train BDC representatives on phone skills and CRM use.
Bill appropriate ICD-9 codes to the correct insurance companies.

Realtor example responsibilities.

Process funds and manage accounts through QuickBooks.
Manage scheduling and develop computer reports and MLS listings, create PowerPoint presentations, marketing materials and handle advertising.
Place and remove signs & lockboxes.
Make entries into QuickBooks; reconcile monthly bank statements.
Install yard signs, directional signs and lockboxes on each listing.
Coordinate social media advertisements by posting updates to Facebook, LinkedIn, and Pinterest accounts.

Agent vs realtor skills

Common agent skills

Insurance Products, 11%
Customer Service, 10%
Life Insurance, 8%
HR, 6%
Inbound Calls, 6%
Financial Services, 6%

Common realtor skills

Residential Real Estate, 22%
Open Houses, 9%
Purchase Agreements, 6%
Comparative Market Analysis, 5%
Real Estate Sales, 4%
Real Estate Contracts, 4%