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The differences between buyers' agents and realtors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a buyers' agent has an average salary of $59,175, which is higher than the $38,290 average annual salary of a realtor.
The top three skills for a buyers' agent include buying process, real estate license and purchase agreements. The most important skills for a realtor are residential real estate, open houses, and purchase agreements.
| Buyers' Agent | Realtor | |
| Yearly salary | $59,175 | $38,290 |
| Hourly rate | $28.45 | $18.41 |
| Growth rate | 5% | 5% |
| Number of jobs | 33,999 | 7,482 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 60% |
| Average age | 48 | 49 |
| Years of experience | 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 realtor is responsible for processing real estate transactions and assisting clients with their concerns and inquiries about a specific property. A realtor should always work for their clients' best interests, ensuring that proposals work within the client's specified budget and property goals. A realtor will also consider the security of a property location before a recommendation to ensure the client's safety and comfort. Realtors must finalize records of cost estimates and purchase agreements, which are essential in choosing the best property.
Buyers' agents and realtors have different pay scales, as shown below.
| Buyers' Agent | Realtor | |
| Average salary | $59,175 | $38,290 |
| Salary range | Between $40,000 And $86,000 | Between $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 |
There are a few differences between a buyers' agent and a realtor in terms of educational background:
| Buyers' Agent | Realtor | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 60% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | - |
Here are the differences between buyers' agents' and realtors' demographics:
| Buyers' Agent | Realtor | |
| Average age | 48 | 49 |
| Gender ratio | Male, 44.0% Female, 56.0% | Male, 40.2% Female, 59.8% |
| 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, 5.3% Unknown, 4.3% Hispanic or Latino, 13.3% Asian, 6.9% White, 69.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 7% | 13% |