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Broker realtor vs real estate lawyer

The differences between broker realtors and real estate lawyers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a real estate lawyer has an average salary of $70,398, 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 lawyer are litigation, sale agreements, and .

Broker realtor vs real estate lawyer overview

Broker RealtorReal Estate Lawyer
Yearly salary$40,805$70,398
Hourly rate$19.62$33.85
Growth rate5%5%
Number of jobs8,88517,608
Job satisfaction--
Most common degreeBachelor's Degree, 65%Doctoral Degree, 43%
Average age4949
Years of experience--

Broker realtor vs real estate lawyer salary

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

Broker RealtorReal Estate Lawyer
Average salary$40,805$70,398
Salary rangeBetween $27,000 And $60,000Between $45,000 And $107,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between broker realtor and real estate lawyer education

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

Broker RealtorReal Estate Lawyer
Most common degreeBachelor's Degree, 65%Doctoral Degree, 43%
Most common majorBusinessLaw
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Broker realtor vs real estate lawyer demographics

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

Broker RealtorReal Estate Lawyer
Average age4949
Gender ratioMale, 42.7% Female, 57.3%Male, 38.9% Female, 61.1%
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, 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 realtor and real estate lawyer 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.
  • Show more

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 realtor vs real estate lawyer 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 lawyer skills
  • Litigation, 87%
  • Sale Agreements, 13%