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Associate broker vs real estate broker associate

The differences between associate brokers and real estate broker associates can be seen in a few details. Each job has different responsibilities and duties. Additionally, a real estate broker associate has an average salary of $83,167, which is higher than the $64,361 average annual salary of an associate broker.

The top three skills for an associate broker include excellent client, real estate sales and financial resources. The most important skills for a real estate broker associate are purchase agreements, real estate, and market trends.

Associate broker vs real estate broker associate overview

Associate BrokerReal Estate Broker Associate
Yearly salary$64,361$83,167
Hourly rate$30.94$39.98
Growth rate5%5%
Number of jobs8,83618,996
Job satisfaction--
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 60%
Average age4949
Years of experience--

Associate broker vs real estate broker associate salary

Associate brokers and real estate broker associates have different pay scales, as shown below.

Associate BrokerReal Estate Broker Associate
Average salary$64,361$83,167
Salary rangeBetween $38,000 And $106,000Between $61,000 And $112,000
Highest paying CityNew York, NY-
Highest paying stateNew York-
Best paying companyCushman & Wakefield-
Best paying industryFinance-

Differences between associate broker and real estate broker associate education

There are a few differences between an associate broker and a real estate broker associate in terms of educational background:

Associate BrokerReal Estate Broker Associate
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 60%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Associate broker vs real estate broker associate demographics

Here are the differences between associate brokers' and real estate broker associates' demographics:

Associate BrokerReal Estate Broker Associate
Average age4949
Gender ratioMale, 52.5% Female, 47.5%Male, 47.3% Female, 52.7%
Race ratioBlack 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%Black or African American, 5.4% Unknown, 4.3% Hispanic or Latino, 13.4% Asian, 6.9% White, 69.6% American Indian and Alaska Native, 0.3%
LGBT Percentage13%13%

Differences between associate broker and real estate broker associate duties and responsibilities

Associate broker example responsibilities.

  • Manage all accounting, cash management, budgeting and financing for individual LLC's and for corporate entity.
  • Work with clients, prepare & file all the paperwork, input listings to MLS, market and advertise list property.
  • Develop message flows which done XML/XSLT transformations, from one format to another, SOAP/HTTP XML to MRM mappings and transformations.
  • Assist Medicare-eligible individuals with Medicare supplement and replacement plans adhering to CMS guidelines.
  • Develop Indianapolis territory for contacts with senior citizens during the enrollment period for Medicare.
  • Create and maintain accurate MLS listings as well as developed and distribute unique advertising materials.
  • Show more

Real estate broker associate example responsibilities.

  • Leverage an extensive business network to locate properties before they appear in the MLS, giving clients a competitive advantage.
  • Perform pricing, BPO and competitive market analysis.
  • Utilize MLS system, create CMA's; interface with title and mortgage companies to assure stream line closings.
  • Provide CMA's, and BPO's assist in appraisals and surveying, provide complete concierge and relocation services.
  • Stabilize operations and financial performance of underperforming properties, directing investors in maximizing value and/or divesting assets to optimize ROI.
  • Draft probate petition documents and administer probate estates.

Associate broker vs real estate broker associate skills

Common associate broker skills
  • Excellent Client, 12%
  • Real Estate Sales, 11%
  • Financial Resources, 7%
  • Market Research, 5%
  • Business Development, 5%
  • Renewal Business, 4%
Common real estate broker associate skills
  • Purchase Agreements, 10%
  • Real Estate, 9%
  • Market Trends, 8%
  • Real Estate Market, 6%
  • Business Development, 6%
  • Client Relationships, 5%