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Broker vs real estate lawyer

The differences between brokers and real estate lawyers 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 $70,398 average annual salary of a real estate lawyer.

The top three skills for a broker include brokerage, financial services and insurance products. The most important skills for a real estate lawyer are litigation, sale agreements, and .

Broker vs real estate lawyer overview

BrokerReal Estate Lawyer
Yearly salary$124,861$70,398
Hourly rate$60.03$33.85
Growth rate5%5%
Number of jobs2,77017,608
Job satisfaction--
Most common degreeBachelor's Degree, 66%Doctoral Degree, 43%
Average age4949
Years of experience--

Broker vs real estate lawyer salary

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

BrokerReal Estate Lawyer
Average salary$124,861$70,398
Salary rangeBetween $68,000 And $227,000Between $45,000 And $107,000
Highest paying CityNew York, NY-
Highest paying stateNew York-
Best paying companyChild Guidance & Family Solutions-
Best paying industryInsurance-

Differences between broker and real estate lawyer education

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

BrokerReal Estate Lawyer
Most common degreeBachelor's Degree, 66%Doctoral Degree, 43%
Most common majorBusinessLaw
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Broker vs real estate lawyer demographics

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

BrokerReal Estate Lawyer
Average age4949
Gender ratioMale, 63.8% Female, 36.2%Male, 38.9% Female, 61.1%
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, 4.2% Unknown, 4.2% Hispanic or Latino, 9.6% Asian, 5.7% White, 76.0% American Indian and Alaska Native, 0.3%
LGBT Percentage13%13%

Differences between broker and real estate lawyer 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 lawyer example responsibilities.

  • Manage all accounting, cash management, budgeting and financing for individual LLC's and for corporate entity.
  • Conduct paralegal, title, and closing activities for a busy firm handling REO / special asset and non-standard closings.
  • Created/Manage enterprise database for multiple REO businesses.
  • 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 lawyer 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 lawyer skills
  • Litigation, 87%
  • Sale Agreements, 13%