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The differences between brokers and real estate broker associates 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 $83,167 average annual salary of a real estate broker associate.
The top three skills for a broker include brokerage, financial services and insurance products. The most important skills for a real estate broker associate are purchase agreements, real estate, and market trends.
| Broker | Real Estate Broker Associate | |
| Yearly salary | $124,861 | $83,167 |
| Hourly rate | $60.03 | $39.98 |
| Growth rate | 5% | 5% |
| Number of jobs | 2,770 | 18,996 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 60% |
| Average age | 49 | 49 |
| Years of experience | - | - |
Brokers and real estate broker associates have different pay scales, as shown below.
| Broker | Real Estate Broker Associate | |
| Average salary | $124,861 | $83,167 |
| Salary range | Between $68,000 And $227,000 | Between $61,000 And $112,000 |
| Highest paying City | New York, NY | - |
| Highest paying state | New York | - |
| Best paying company | Child Guidance & Family Solutions | - |
| Best paying industry | Insurance | - |
There are a few differences between a broker and a real estate broker associate in terms of educational background:
| Broker | Real Estate Broker Associate | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 60% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Southern California |
Here are the differences between brokers' and real estate broker associates' demographics:
| Broker | Real Estate Broker Associate | |
| Average age | 49 | 49 |
| Gender ratio | Male, 63.8% Female, 36.2% | Male, 47.3% Female, 52.7% |
| Race ratio | Black 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 Percentage | 13% | 13% |