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Broker realtor vs real estate agent

The differences between broker realtors and real estate agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a real estate agent has an average salary of $91,788, which is higher than the $40,805 average annual salary of a broker realtor.

The top three skills for a broker realtor include purchase agreements, real estate sales and sales contracts. The most important skills for a real estate agent are customer service, real estate license, and excellent interpersonal.

Broker realtor vs real estate agent overview

Broker RealtorReal Estate Agent
Yearly salary$40,805$91,788
Hourly rate$19.62$44.13
Growth rate5%5%
Number of jobs8,88541,399
Job satisfaction-4
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 59%
Average age4949
Years of experience--

Broker realtor vs real estate agent salary

Broker realtors and real estate agents have different pay scales, as shown below.

Broker RealtorReal Estate Agent
Average salary$40,805$91,788
Salary rangeBetween $27,000 And $60,000Between $66,000 And $126,000
Highest paying City-Long Beach, NY
Highest paying state-West Virginia
Best paying company-Santa Clara Valley Water District
Best paying industry-Finance

Differences between broker realtor and real estate agent education

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

Broker RealtorReal Estate Agent
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 59%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern California-

Broker realtor vs real estate agent demographics

Here are the differences between broker realtors' and real estate agents' demographics:

Broker RealtorReal Estate Agent
Average age4949
Gender ratioMale, 42.7% Female, 57.3%Male, 43.4% Female, 56.6%
Race ratioBlack or African American, 5.4% Unknown, 4.3% Hispanic or Latino, 13.6% Asian, 7.0% White, 69.4% American Indian and Alaska Native, 0.3%Black or African American, 5.2% Unknown, 4.3% Hispanic or Latino, 13.0% Asian, 6.8% White, 70.3% American Indian and Alaska Native, 0.3%
LGBT Percentage13%13%

Differences between broker realtor and real estate agent duties and responsibilities

Broker realtor example responsibilities.

  • Manage advertisements, taxes, office procedures, licenses, MLS data and all aspects of managing office.
  • Manage all accounting, cash management, budgeting and financing for individual LLC's and for corporate entity.
  • Mitigate rapid sales decline when economic trends shift by adding REO properties and short sales to inventory.
  • Experience in REO properties which includes continuous preservation, maintenance, capital repairs, marketing and sales.
  • Identify data trends in a volatile market and analyze data from MLS to develop and evaluate marketing strategy and implement solutions.
  • Develop and execute sales/marketing programs and general sales solutions resulting in increase company exposure, customer traffic, and sales production.
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Real estate agent example responsibilities.

  • Manage all accounting, cash management, budgeting and financing for individual LLC's and for corporate entity.
  • Manage extremely complex REO and short sale transactions, coordinating sellers, buyers, and lenders in order to complete them.
  • Create ad campaigns via Google ad-words and Facebook.
  • Determine whether title transfers are assessable for taxation.
  • Learn all phases of real estate ethics, practice and procedures.
  • Review and analyze corporate leases, securities offerings, and secure transactions.
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Broker realtor vs real estate agent skills

Common broker realtor skills
  • Purchase Agreements, 16%
  • Real Estate Sales, 14%
  • Sales Contracts, 9%
  • Comparative Market Analysis, 6%
  • Open Houses, 5%
  • Property Management, 4%
Common real estate agent skills
  • Customer Service, 15%
  • Real Estate License, 11%
  • Excellent Interpersonal, 10%
  • Real Estate Market, 10%
  • Open Houses, 7%
  • Develop Marketing Materials, 6%