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The differences between brokers and real estate closers 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 $38,896 average annual salary of a real estate closer.
The top three skills for a broker include brokerage, financial services and insurance products. The most important skills for a real estate closer are escrow, settlement statements, and data entry.
| Broker | Real Estate Closer | |
| Yearly salary | $124,861 | $38,896 |
| Hourly rate | $60.03 | $18.70 |
| Growth rate | 5% | 5% |
| Number of jobs | 2,770 | 20,016 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 48% |
| Average age | 49 | 49 |
| Years of experience | - | - |
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.
A real estate closer is primarily in charge of closing real estate sales, liaising with buyers and sellers most of the time. Their responsibilities typically include preparing and processing legal documents, coordinating with attorneys, delivering paperwork to all parties, and completing all requirements. They must also schedule inspections, appraisals, regular maintenance checks, and repairs when necessary. Furthermore, as a real estate closer, it is essential to maintain an active communication line with all parties involved in real estate sales, all while adhering to the company's policies and regulations.
Brokers and real estate closers have different pay scales, as shown below.
| Broker | Real Estate Closer | |
| Average salary | $124,861 | $38,896 |
| Salary range | Between $68,000 And $227,000 | Between $26,000 And $57,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Child Guidance & Family Solutions | Citi |
| Best paying industry | Insurance | - |
There are a few differences between a broker and a real estate closer in terms of educational background:
| Broker | Real Estate Closer | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 48% |
| 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 closers' demographics:
| Broker | Real Estate Closer | |
| Average age | 49 | 49 |
| Gender ratio | Male, 63.8% Female, 36.2% | Male, 33.4% Female, 66.6% |
| 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, 13.5% Asian, 7.0% White, 69.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 13% | 13% |