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Broker vs real estate account executive

The differences between brokers and real estate account executives 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 $62,875 average annual salary of a real estate account executive.

The top three skills for a broker include brokerage, financial services and insurance products. The most important skills for a real estate account executive are journal entries, financial reports, and yardi.

Broker vs real estate account executive overview

BrokerReal Estate Account Executive
Yearly salary$124,861$62,875
Hourly rate$60.03$30.23
Growth rate5%5%
Number of jobs2,770116,049
Job satisfaction--
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 77%
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 a real estate account executive do?

Reading specialists require a plethora of skills, such as a background in grade school education, experience in helping struggling readers, language fluency, and reading comprehension. Responsibilities include teaching and evaluating instructions for students that need assistance in reading and writing. This may take place in both small groups and classroom settings.

Broker vs real estate account executive salary

Brokers and real estate account executives have different pay scales, as shown below.

BrokerReal Estate Account Executive
Average salary$124,861$62,875
Salary rangeBetween $68,000 And $227,000Between $44,000 And $89,000
Highest paying CityNew York, NYWhite Plains, NY
Highest paying stateNew YorkNew York
Best paying companyChild Guidance & Family SolutionsGoogle
Best paying industryInsuranceReal Estate

Differences between broker and real estate account executive education

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

BrokerReal Estate Account Executive
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 77%
Most common majorBusinessAccounting
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Broker vs real estate account executive demographics

Here are the differences between brokers' and real estate account executives' demographics:

BrokerReal Estate Account Executive
Average age4949
Gender ratioMale, 63.8% Female, 36.2%Male, 47.7% Female, 52.3%
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, 13.4% Asian, 6.9% White, 69.6% American Indian and Alaska Native, 0.3%
LGBT Percentage13%13%

Differences between broker and real estate account executive 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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Real estate account executive example responsibilities.

  • Accomplish a deep understanding and application of MRI and Yardi accounting systems.
  • Achieve all sales targets for SaaS product targeting service-base businesses requiring an automate customer retention and relationship management tool.
  • Prepare accounts payable, accounts receivable, general ledger entries, bond amortizations, fund accounting and depreciation schedules via Yardi.
  • Analyze and prepare monthly GAAP financial statements, including all supporting schedules as required.
  • Analyze and reimburse year-end expense reconciliations from landlords, delegating reconciliation research to staff as able.
  • Perform reconciliations, periodic reporting and preparation of year end statements for wholly own real estate portfolio.
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Broker vs real estate account executive skills

Common broker skills
  • Brokerage, 17%
  • Financial Services, 9%
  • Insurance Products, 7%
  • Risk Management, 6%
  • Client Relationships, 6%
  • Real Estate Transactions, 5%
Common real estate account executive skills
  • Journal Entries, 12%
  • Financial Reports, 10%
  • Yardi, 9%
  • GAAP, 9%
  • Financial Analysis, 9%
  • Reconciliations, 8%