Broker vs real estate broker

The differences between brokers and real estate 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 $80,250 average annual salary of a real estate broker.

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

Broker vs real estate broker overview

	Broker	Real Estate Broker
Yearly salary	$124,861	$80,250
Hourly rate	$60.03	$38.58
Growth rate	5%	5%
Number of jobs	2,770	19,151
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 66%	Bachelor's Degree, 65%
Average age	49	49
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 broker do?

Real estate appraisers are unique in that many of them are self-employed. Nevertheless, it is a career that will require an enterprising, inquisitive, and motivated personality, as well as impartiality and unbiased nature. Appraisers will provide objective opinions on the value of properties, as well as assist the owners/managers/investors for real estate. They must also verify legal real estate records, inspect properties, photograph interior and exterior structures, and prepare and maintain written reports on property values.

Broker vs real estate broker salary

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

	Broker	Real Estate Broker
Average salary	$124,861	$80,250
Salary range	Between $68,000 And $227,000	Between $56,000 And $114,000
Highest paying City	New York, NY	New York, NY
Highest paying state	New York	New York
Best paying company	Child Guidance & Family Solutions	Village Real Estate
Best paying industry	Insurance	Finance

Differences between broker and real estate broker education

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

	Broker	Real Estate Broker
Most common degree	Bachelor's Degree, 66%	Bachelor's Degree, 65%
Most common major	Business	Business
Most common college	University of Southern California	University of Southern California

Broker vs real estate broker demographics

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

	Broker	Real Estate Broker
Average age	49	49
Gender ratio	Male, 63.8% Female, 36.2%	Male, 54.3% Female, 45.7%
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, 5.3% Unknown, 4.3% Hispanic or Latino, 13.2% Asian, 6.9% White, 70.0% American Indian and Alaska Native, 0.3%
LGBT Percentage	13%	13%

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

Manage all accounting, cash management, budgeting and financing for individual LLC's and for corporate entity.
Prepare all marketing materials, coordinate closings, enter necessary data into the MLS to ensure homes are represent correctly
Review, analyze and process moderately complex homeowner property, contents and liability claims within assign work with REO properties.
Stabilize operations and financial performance of underperforming properties, directing investors in maximizing value and/or divesting assets to optimize ROI.
Process the movement of funds and equities.
Prepare and submit probate and administration petitions.

Broker vs real estate broker 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 skills

Real Estate Sales, 14%
Purchase Agreements, 11%
Financial Resources, 8%
Property Management, 7%
Open Houses, 5%
Client Relationships, 4%

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Broker vs Real Estate Broker

Updated January 8, 2025

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