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The differences between buyers' agents and contracts administrators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a buyers' agent and a contracts administrator. Additionally, a buyers' agent has an average salary of $59,175, which is higher than the $52,876 average annual salary of a contracts administrator.
The top three skills for a buyers' agent include buying process, real estate license and purchase agreements. The most important skills for a contracts administrator are contract administration, customer service, and contract management.
| Buyers' Agent | Contracts Administrator | |
| Yearly salary | $59,175 | $52,876 |
| Hourly rate | $28.45 | $25.42 |
| Growth rate | 5% | -6% |
| Number of jobs | 33,999 | 58,038 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 61% |
| Average age | 48 | 48 |
| Years of experience | 6 | 6 |
A Buyers' Agent specializes in helping clients with their real estate needs. Their responsibilities begin at meeting the clients to identify their needs and preferences, discuss budgets and other relevant information, and understand the procedures' extent. From there, a Buyers' Agent conducts research and analysis to curate house listings that a client can choose from. They represent the client when liaising with the sellers' agent, conducting inspections and appraisals, and negotiating terms.
Contract administrators create and manage legal contracts from which the company participates. They ensure that all entities to the contract will accomplish their obligations, as indicated in the contract. They usually work for larger organizations that might be involved with different or highly complex contracts. These organizations spread across a range of industries, including government, construction, and healthcare. Their responsibilities include addressing any conflicts of questions regarding the contract, analyzing the possible risks posed by contracts, and working alongside the legal and procurement teams.
Buyers' agents and contracts administrators have different pay scales, as shown below.
| Buyers' Agent | Contracts Administrator | |
| Average salary | $59,175 | $52,876 |
| Salary range | Between $40,000 And $86,000 | Between $35,000 And $78,000 |
| Highest paying City | - | Washington, DC |
| Highest paying state | - | Maryland |
| Best paying company | - | Ngam Advisors, L.P. |
| Best paying industry | - | Finance |
There are a few differences between a buyers' agent and a contracts administrator in terms of educational background:
| Buyers' Agent | Contracts Administrator | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between buyers' agents' and contracts administrators' demographics:
| Buyers' Agent | Contracts Administrator | |
| Average age | 48 | 48 |
| Gender ratio | Male, 44.0% Female, 56.0% | Male, 32.2% Female, 67.8% |
| Race ratio | Black or African American, 9.1% Unknown, 4.4% Hispanic or Latino, 12.5% Asian, 7.4% White, 65.8% American Indian and Alaska Native, 0.8% | Black or African American, 9.2% Unknown, 4.4% Hispanic or Latino, 12.6% Asian, 7.7% White, 65.3% American Indian and Alaska Native, 0.8% |
| LGBT Percentage | 7% | 7% |