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Claims representative vs real estate agent

The differences between claims representatives and real estate agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a real estate agent has an average salary of $91,788, which is higher than the $38,796 average annual salary of a claims representative.

The top three skills for a claims representative include customer service, quality standards and policy coverage. The most important skills for a real estate agent are customer service, real estate license, and excellent interpersonal.

Claims representative vs real estate agent overview

Claims RepresentativeReal Estate Agent
Yearly salary$38,796$91,788
Hourly rate$18.65$44.13
Growth rate-6%5%
Number of jobs18,56541,399
Job satisfaction-4
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 59%
Average age4449
Years of experience6-

What does a claims representative do?

A Claims Representative is an agent who works for insurance companies in order to investigate and settle claims. The agent acts as an intermediary between customers and insurance companies by evaluating the customers' facts surrounding claims and determining whether the loss is covered or should be compensated. Such a role is important because an agent makes sure that no fraud claims are being paid out. It is also highlighted that an agent works in compliance with state regulations.

What does a real estate agent do?

A real estate agent helps owners in the selling or renting of houses, land, offices, buildings, or any piece of property. They should be knowledgeable in the area they work in, which local properties are in the market, and the competitive prices for various properties. It is their responsibility to either market or sells in the best possible and reasonable price and conditions. Negotiating is a vital skill for real estate agents as they act as the middleman for buyers and sellers. Most agents bill the client with a percentage of the final sale price as the fee, but some would get a fixed commission for every sale.

Claims representative vs real estate agent salary

Claims representatives and real estate agents have different pay scales, as shown below.

Claims RepresentativeReal Estate Agent
Average salary$38,796$91,788
Salary rangeBetween $28,000 And $53,000Between $66,000 And $126,000
Highest paying CityDearborn, MILong Beach, NY
Highest paying stateNew JerseyWest Virginia
Best paying companyW. R. BerkleySanta Clara Valley Water District
Best paying industryGovernmentFinance

Differences between claims representative and real estate agent education

There are a few differences between a claims representative and a real estate agent in terms of educational background:

Claims RepresentativeReal Estate Agent
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 59%
Most common majorBusinessBusiness
Most common collegeStanford University-

Claims representative vs real estate agent demographics

Here are the differences between claims representatives' and real estate agents' demographics:

Claims RepresentativeReal Estate Agent
Average age4449
Gender ratioMale, 37.5% Female, 62.5%Male, 43.4% Female, 56.6%
Race ratioBlack or African American, 11.0% Unknown, 4.4% Hispanic or Latino, 16.5% Asian, 5.1% White, 62.4% American Indian and Alaska Native, 0.5%Black or African American, 5.2% Unknown, 4.3% Hispanic or Latino, 13.0% Asian, 6.8% White, 70.3% American Indian and Alaska Native, 0.3%
LGBT Percentage10%13%

Differences between claims representative and real estate agent duties and responsibilities

Claims representative example responsibilities.

  • Perform initial set-up and continuously manage claims in the Juris claims management system.
  • Investigate, evaluate, and manage call to complete coverage analysis confirming or denying coverage using Xactimate estimating software.
  • Prepare necessary state filings within statutory limits, manage litigation and vocational rehabilitation process, used appropriate cost containment techniques.
  • Assist the training department in developing CSR training in order to set expectations.
  • Create custom templates and guide sheets for new trainees in the CSR Internet division to ensure consistency and increase department efficiency.
  • Utilize proper SIU reporting procedures for extensive investigation as required.
  • Show more

Real estate agent example responsibilities.

  • Manage all accounting, cash management, budgeting and financing for individual LLC's and for corporate entity.
  • Manage extremely complex REO and short sale transactions, coordinating sellers, buyers, and lenders in order to complete them.
  • Create ad campaigns via Google ad-words and Facebook.
  • Determine whether title transfers are assessable for taxation.
  • Learn all phases of real estate ethics, practice and procedures.
  • Review and analyze corporate leases, securities offerings, and secure transactions.
  • Show more

Claims representative vs real estate agent skills

Common claims representative skills
  • Customer Service, 26%
  • Quality Standards, 6%
  • Policy Coverage, 6%
  • Reservations, 5%
  • Claims Handling, 3%
  • Insurance Coverage, 3%
Common real estate agent skills
  • Customer Service, 15%
  • Real Estate License, 11%
  • Excellent Interpersonal, 10%
  • Real Estate Market, 10%
  • Open Houses, 7%
  • Develop Marketing Materials, 6%

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