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Broker vs associate broker

The differences between brokers and associate brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a broker has an average salary of $124,861, which is higher than the $64,361 average annual salary of an associate broker.

The top three skills for a broker include brokerage, financial services and insurance products. The most important skills for an associate broker are excellent client, real estate sales, and financial resources.

Broker vs associate broker overview

BrokerAssociate Broker
Yearly salary$124,861$64,361
Hourly rate$60.03$30.94
Growth rate5%5%
Number of jobs2,7708,836
Job satisfaction--
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 65%
Average age4949
Years of experience--

What does a broker do?

Brokers can either be a firm or an individual acting as an intermediary between a securities exchange and an investor. They often provide services to individual investors and traders who cannot engage directly with security exchanges, which only accept orders from their members. They provide investors and traders with an investment plan, market intelligence, and research. They may cross-sell some financial services and products offered by their brokerage firms. They are also typically classified as discount or full-service brokers.

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 vs associate broker salary

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

BrokerAssociate Broker
Average salary$124,861$64,361
Salary rangeBetween $68,000 And $227,000Between $38,000 And $106,000
Highest paying CityNew York, NYNew York, NY
Highest paying stateNew YorkNew York
Best paying companyChild Guidance & Family SolutionsCushman & Wakefield
Best paying industryInsuranceFinance

Differences between broker and associate broker education

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

BrokerAssociate Broker
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 65%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Broker vs associate broker demographics

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

BrokerAssociate Broker
Average age4949
Gender ratioMale, 63.8% Female, 36.2%Male, 52.5% Female, 47.5%
Race ratioBlack or African American, 5.3% Unknown, 4.3% Hispanic or Latino, 13.2% Asian, 6.9% White, 70.1% American Indian and Alaska Native, 0.3%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 Percentage13%13%

Differences between broker and associate broker duties and responsibilities

Broker example responsibilities.

  • Manage, lease and sell office condominiums on site.
  • Retail trader, fix income securities; manage client account activity; properly allocate client funds to appropriate investment options
  • Manage indexes, options, foreign equities, and short-selling positions that are compatible with clients' long-term investment goals.
  • Expand and maintain professional relationships with trading accounts including banks, hedge funds and portfolio managers.
  • Specialize in finding undervalue and/or overbought commodities by using fundamental and technical analysis that exist throughout the markets.
  • Install the oracle client for windows.
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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.
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Broker vs associate broker skills

Common broker skills
  • Brokerage, 17%
  • Financial Services, 9%
  • Insurance Products, 7%
  • Risk Management, 6%
  • Client Relationships, 6%
  • Real Estate Transactions, 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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Updated January 8, 2025

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