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Broker realtor vs realtor

The differences between broker realtors and realtors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a broker realtor has an average salary of $40,805, which is higher than the $38,290 average annual salary of a realtor.

The top three skills for a broker realtor include purchase agreements, real estate sales and sales contracts. The most important skills for a realtor are residential real estate, open houses, and purchase agreements.

Broker realtor vs realtor overview

Broker RealtorRealtor
Yearly salary$40,805$38,290
Hourly rate$19.62$18.41
Growth rate5%5%
Number of jobs8,8857,482
Job satisfaction--
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 60%
Average age4949
Years of experience--

Broker realtor vs realtor salary

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

Broker RealtorRealtor
Average salary$40,805$38,290
Salary rangeBetween $27,000 And $60,000Between $27,000 And $53,000
Highest paying City-San Antonio, TX
Highest paying state-Connecticut
Best paying company-Berkshire Hathaway Homeservices Alliance Real Estate
Best paying industry-Real Estate

Differences between broker realtor and realtor education

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

Broker RealtorRealtor
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 60%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern California-

Broker realtor vs realtor demographics

Here are the differences between broker realtors' and realtors' demographics:

Broker RealtorRealtor
Average age4949
Gender ratioMale, 42.7% Female, 57.3%Male, 40.2% Female, 59.8%
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, 5.3% Unknown, 4.3% Hispanic or Latino, 13.3% Asian, 6.9% White, 69.8% American Indian and Alaska Native, 0.3%
LGBT Percentage13%13%

Differences between broker realtor and realtor 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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Realtor example responsibilities.

  • Process funds and manage accounts through QuickBooks.
  • Manage scheduling and develop computer reports and MLS listings, create PowerPoint presentations, marketing materials and handle advertising.
  • Place and remove signs & lockboxes.
  • Make entries into QuickBooks; reconcile monthly bank statements.
  • Install yard signs, directional signs and lockboxes on each listing.
  • Coordinate social media advertisements by posting updates to Facebook, LinkedIn, and Pinterest accounts.
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Broker realtor vs realtor 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 realtor skills
  • Residential Real Estate, 22%
  • Open Houses, 9%
  • Purchase Agreements, 6%
  • Comparative Market Analysis, 5%
  • Real Estate Sales, 4%
  • Real Estate Contracts, 4%