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Broker vs real estate broker associate

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 vs real estate broker associate overview

BrokerReal Estate Broker Associate
Yearly salary$124,861$83,167
Hourly rate$60.03$39.98
Growth rate5%5%
Number of jobs2,77018,996
Job satisfaction--
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 60%
Average age4949
Years of experience--

Broker vs real estate broker associate salary

Brokers and real estate broker associates have different pay scales, as shown below.

BrokerReal Estate Broker Associate
Average salary$124,861$83,167
Salary rangeBetween $68,000 And $227,000Between $61,000 And $112,000
Highest paying CityNew York, NY-
Highest paying stateNew York-
Best paying companyChild Guidance & Family Solutions-
Best paying industryInsurance-

Differences between broker and real estate broker associate education

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

BrokerReal Estate Broker Associate
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 60%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Broker vs real estate broker associate demographics

Here are the differences between brokers' and real estate broker associates' demographics:

BrokerReal Estate Broker Associate
Average age4949
Gender ratioMale, 63.8% Female, 36.2%Male, 47.3% Female, 52.7%
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 broker associate 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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Real estate broker associate example responsibilities.

  • Leverage an extensive business network to locate properties before they appear in the MLS, giving clients a competitive advantage.
  • Perform pricing, BPO and competitive market analysis.
  • Utilize MLS system, create CMA's; interface with title and mortgage companies to assure stream line closings.
  • Provide CMA's, and BPO's assist in appraisals and surveying, provide complete concierge and relocation services.
  • Stabilize operations and financial performance of underperforming properties, directing investors in maximizing value and/or divesting assets to optimize ROI.
  • Draft probate petition documents and administer probate estates.

Broker vs real estate broker associate 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 broker associate skills
  • Purchase Agreements, 10%
  • Real Estate, 9%
  • Market Trends, 8%
  • Real Estate Market, 6%
  • Business Development, 6%
  • Client Relationships, 5%