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Associate realtor vs real estate broker

The differences between associate realtors and real estate brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a real estate broker has an average salary of $80,250, which is higher than the $40,356 average annual salary of an associate realtor.

The top three skills for an associate realtor include residential real estate, purchase agreements and open houses. The most important skills for a real estate broker are real estate sales, purchase agreements, and financial resources.

Associate realtor vs real estate broker overview

Associate RealtorReal Estate Broker
Yearly salary$40,356$80,250
Hourly rate$19.40$38.58
Growth rate5%5%
Number of jobs7,62019,151
Job satisfaction--
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 65%
Average age4949
Years of experience--

Associate realtor vs real estate broker salary

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

Associate RealtorReal Estate Broker
Average salary$40,356$80,250
Salary rangeBetween $28,000 And $57,000Between $56,000 And $114,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Village Real Estate
Best paying industry-Finance

Differences between associate realtor and real estate broker education

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

Associate RealtorReal Estate Broker
Most common degreeBachelor's Degree, 59%Bachelor's Degree, 65%
Most common majorBusinessBusiness
Most common college-University of Southern California

Associate realtor vs real estate broker demographics

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

Associate RealtorReal Estate Broker
Average age4949
Gender ratioMale, 43.5% Female, 56.5%Male, 54.3% Female, 45.7%
Race ratioBlack or African American, 5.3% Unknown, 4.3% Hispanic or Latino, 13.1% Asian, 6.8% White, 70.1% American Indian and Alaska Native, 0.3%Black or African American, 5.3% Unknown, 4.3% Hispanic or Latino, 13.2% Asian, 6.9% White, 70.0% American Indian and Alaska Native, 0.3%
LGBT Percentage13%13%

Differences between associate realtor and real estate broker duties and responsibilities

Associate realtor example responsibilities.

  • Manage all accounting, cash management, budgeting and financing for individual LLC's and for corporate entity.
  • Monitor daily activity through MLS, prepare contracts, and assist with preparation in closings.
  • Input data listing sheets for MLS, process paperwork and commission checks for disbursement, escrow account, payroll.
  • Develop and execute sales/marketing programs and general sales solutions resulting in increase company exposure, customer traffic, and sales production.
  • Ensure REO properties are secured and free from trespass and potential hazards.
  • Account management of office Fannie Mae REO listings, such as BPO's, work orders and pipeline management.
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Real estate broker example responsibilities.

  • Manage all accounting, cash management, budgeting and financing for individual LLC's and for corporate entity.
  • Prepare all marketing materials, coordinate closings, enter necessary data into the MLS to ensure homes are represent correctly
  • Review, analyze and process moderately complex homeowner property, contents and liability claims within assign work with REO properties.
  • Stabilize operations and financial performance of underperforming properties, directing investors in maximizing value and/or divesting assets to optimize ROI.
  • Process the movement of funds and equities.
  • Prepare and submit probate and administration petitions.
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Associate realtor vs real estate broker skills

Common associate realtor skills
  • Residential Real Estate, 23%
  • Purchase Agreements, 15%
  • Open Houses, 7%
  • MLS, 5%
  • Escrow Companies, 4%
  • Real Estate Sales, 4%
Common real estate broker skills
  • Real Estate Sales, 14%
  • Purchase Agreements, 11%
  • Financial Resources, 8%
  • Property Management, 7%
  • Open Houses, 5%
  • Client Relationships, 4%