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Broker vs broker realtor

The differences between brokers and broker realtors 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 $40,805 average annual salary of a broker realtor.

The top three skills for a broker include brokerage, financial services and insurance products. The most important skills for a broker realtor are purchase agreements, real estate sales, and sales contracts.

Broker vs broker realtor overview

BrokerBroker Realtor
Yearly salary$124,861$40,805
Hourly rate$60.03$19.62
Growth rate5%5%
Number of jobs2,7708,885
Job satisfaction--
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 65%
Average age4949
Years of experience--

Broker vs broker realtor salary

Brokers and broker realtors have different pay scales, as shown below.

BrokerBroker Realtor
Average salary$124,861$40,805
Salary rangeBetween $68,000 And $227,000Between $27,000 And $60,000
Highest paying CityNew York, NY-
Highest paying stateNew York-
Best paying companyChild Guidance & Family Solutions-
Best paying industryInsurance-

Differences between broker and broker realtor education

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

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

Broker vs broker realtor demographics

Here are the differences between brokers' and broker realtors' demographics:

BrokerBroker Realtor
Average age4949
Gender ratioMale, 63.8% Female, 36.2%Male, 42.7% Female, 57.3%
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, 5.4% Unknown, 4.3% Hispanic or Latino, 13.6% Asian, 7.0% White, 69.4% American Indian and Alaska Native, 0.3%
LGBT Percentage13%13%

Differences between broker and broker realtor 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.
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Broker realtor example responsibilities.

  • Manage advertisements, taxes, office procedures, licenses, MLS data and all aspects of managing office.
  • Manage all accounting, cash management, budgeting and financing for individual LLC's and for corporate entity.
  • Mitigate rapid sales decline when economic trends shift by adding REO properties and short sales to inventory.
  • Experience in REO properties which includes continuous preservation, maintenance, capital repairs, marketing and sales.
  • Identify data trends in a volatile market and analyze data from MLS to develop and evaluate marketing strategy and implement solutions.
  • Develop and execute sales/marketing programs and general sales solutions resulting in increase company exposure, customer traffic, and sales production.
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Broker vs broker realtor skills

Common broker skills
  • Brokerage, 17%
  • Financial Services, 9%
  • Insurance Products, 7%
  • Risk Management, 6%
  • Client Relationships, 6%
  • Real Estate Transactions, 5%
Common broker realtor skills
  • Purchase Agreements, 16%
  • Real Estate Sales, 14%
  • Sales Contracts, 9%
  • Comparative Market Analysis, 6%
  • Open Houses, 5%
  • Property Management, 4%