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The differences between buyers' agents and procurement agents 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 procurement agent. Additionally, a procurement agent has an average salary of $72,384, which is higher than the $59,175 average annual salary of a buyers' agent.
The top three skills for a buyers' agent include buying process, real estate license and purchase agreements. The most important skills for a procurement agent are supply chain, strategic sourcing, and supplier performance.
| Buyers' Agent | Procurement Agent | |
| Yearly salary | $59,175 | $72,384 |
| Hourly rate | $28.45 | $34.80 |
| Growth rate | 5% | 11% |
| Number of jobs | 33,999 | 45,198 |
| Job satisfaction | - | 2 |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 69% |
| 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.
A procurement agent develops profitable measures to save the client money and ensure the quality of goods supplied. Procurement agents obtain the purchased items through suppliers, monitor them, and expedite the orders. They oversee the activities and performance of the suppliers for compliance. Their duties include the verification of item receipts, resolving shipment-related problems, and authorizing purchase payments through documentation. The necessary skills for this job include being accomplished, decisive, and strong communication skills.
Buyers' agents and procurement agents have different pay scales, as shown below.
| Buyers' Agent | Procurement Agent | |
| Average salary | $59,175 | $72,384 |
| Salary range | Between $40,000 And $86,000 | Between $49,000 And $106,000 |
| Highest paying City | - | Richmond, CA |
| Highest paying state | - | New Jersey |
| Best paying company | - | McKinsey & Company Inc |
| Best paying industry | - | Technology |
There are a few differences between a buyers' agent and a procurement agent in terms of educational background:
| Buyers' Agent | Procurement Agent | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between buyers' agents' and procurement agents' demographics:
| Buyers' Agent | Procurement Agent | |
| Average age | 48 | 48 |
| Gender ratio | Male, 44.0% Female, 56.0% | Male, 51.4% Female, 48.6% |
| 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, 8.8% Unknown, 4.4% Hispanic or Latino, 12.2% Asian, 7.6% White, 66.2% American Indian and Alaska Native, 0.8% |
| LGBT Percentage | 7% | 7% |