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Broker assistant vs associate broker

The differences between broker assistants and associate brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, an associate broker has an average salary of $64,361, which is higher than the $44,656 average annual salary of a broker assistant.

The top three skills for a broker assistant include MLS, scheduling appointments and open houses. The most important skills for an associate broker are excellent client, real estate sales, and financial resources.

Broker assistant vs associate broker overview

Broker AssistantAssociate Broker
Yearly salary$44,656$64,361
Hourly rate$21.47$30.94
Growth rate-8%5%
Number of jobs34,2548,836
Job satisfaction--
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 65%
Average age5049
Years of experience2-

What does a broker assistant do?

A broker assistant is primarily responsible for performing support tasks to assist principal brokers and clients. It is their duty to maintain client accounts, obtain the necessary signatures, organize files, handle calls and inquiries, and prepare and process documents, reviewing them thoroughly to ensure accuracy. They may also conduct market research and analyses, develop marketing materials, generate leads, liaise with internal and external parties, and build positive relationships with clients. Moreover, in some industries, a broker assistant may also be in charge of supervising recruits while implementing the company's policies and standards.

What does an associate broker do?

An Associate Broker demonstrates property to prospective homeowners and gives offers to sellers for consideration. Associate Brokers design real estate databases, maintain property data or blueprints and develop strategies for process improvement. They create MLS listings and establish and distribute advertising materials. Their job involves the incorporation of innovative marketing techniques like direct mail, print advertising, and intensive internet exposure. They also review and evaluate real estate transactions for quality control and accuracy.

Broker assistant vs associate broker salary

Broker assistants and associate brokers have different pay scales, as shown below.

Broker AssistantAssociate Broker
Average salary$44,656$64,361
Salary rangeBetween $29,000 And $67,000Between $38,000 And $106,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Cushman & Wakefield
Best paying industry-Finance

Differences between broker assistant and associate broker education

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

Broker AssistantAssociate Broker
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 65%
Most common majorBusinessBusiness
Most common collegeWestern Carolina UniversityUniversity of Southern California

Broker assistant vs associate broker demographics

Here are the differences between broker assistants' and associate brokers' demographics:

Broker AssistantAssociate Broker
Average age5049
Gender ratioMale, 30.9% Female, 69.1%Male, 52.5% Female, 47.5%
Race ratioBlack or African American, 9.3% Unknown, 3.9% Hispanic or Latino, 16.2% Asian, 3.8% White, 66.0% American Indian and Alaska Native, 0.7%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 Percentage6%13%

Differences between broker assistant and associate broker duties and responsibilities

Broker assistant example responsibilities.

  • Manage, inspect, photograph, and create reports biweekly for U.S. department of HUD and Fannie Mae assign properties.
  • Work with REO negotiators within the office to ensure appropriate offers are accepted with the list price of list property.
  • Handle marketing of properties to include input into MLS system, creation of virtual tours, and frequent social media updates.
  • Collect and assemble information from MLS for research and computer investigations
  • Create PowerPoint presentations and listing packets for current and potential customers.
  • Design and integrate PowerPoint presentations and marketing literature and present information to clients at various meetings and conferences.
  • Show more

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

Broker assistant vs associate broker skills

Common broker assistant skills
  • MLS, 17%
  • Scheduling Appointments, 7%
  • Open Houses, 7%
  • Property Management, 6%
  • Escrow, 6%
  • Renewal Business, 5%
Common associate broker skills
  • Excellent Client, 12%
  • Real Estate Sales, 11%
  • Financial Resources, 7%
  • Market Research, 5%
  • Business Development, 5%
  • Renewal Business, 4%

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