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Commercial mortgage broker vs associate broker

The differences between commercial mortgage brokers and associate brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a commercial mortgage broker has an average salary of $126,099, which is higher than the $64,361 average annual salary of an associate broker.

The top three skills for a commercial mortgage broker include real estate transactions, lenders and commercial property. The most important skills for an associate broker are excellent client, real estate sales, and financial resources.

Commercial mortgage broker vs associate broker overview

Commercial Mortgage BrokerAssociate Broker
Yearly salary$126,099$64,361
Hourly rate$60.62$30.94
Growth rate4%5%
Number of jobs31,8208,836
Job satisfaction--
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 65%
Average age4549
Years of experience6-

Commercial mortgage broker vs associate broker salary

Commercial mortgage brokers and associate brokers have different pay scales, as shown below.

Commercial Mortgage BrokerAssociate Broker
Average salary$126,099$64,361
Salary rangeBetween $89,000 And $176,000Between $38,000 And $106,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Cushman & Wakefield
Best paying industry-Finance

Differences between commercial mortgage broker and associate broker education

There are a few differences between a commercial mortgage broker and an associate broker in terms of educational background:

Commercial Mortgage BrokerAssociate Broker
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 65%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Southern California

Commercial mortgage broker vs associate broker demographics

Here are the differences between commercial mortgage brokers' and associate brokers' demographics:

Commercial Mortgage BrokerAssociate Broker
Average age4549
Gender ratioMale, 77.2% Female, 22.8%Male, 52.5% Female, 47.5%
Race ratioBlack or African American, 9.3% Unknown, 4.6% Hispanic or Latino, 16.1% Asian, 6.4% White, 63.1% American Indian and Alaska Native, 0.5%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 Percentage8%13%

Differences between commercial mortgage broker and associate broker duties and responsibilities

Commercial mortgage broker example responsibilities.

  • Analyze and support development and execution of underwriting, automation and operational strategies to efficiently and effectively manage the portfolio.
  • Solicit profitable freight brokerage business by marketing transportation capability via direct sales calls, telephone and direct mail marketing activity.
  • Originate residential prime, sub-prime, and commercial mortgages.

Associate broker example responsibilities.

  • Manage all accounting, cash management, budgeting and financing for individual LLC's and for corporate entity.
  • Work with clients, prepare & file all the paperwork, input listings to MLS, market and advertise list property.
  • Develop message flows which done XML/XSLT transformations, from one format to another, SOAP/HTTP XML to MRM mappings and transformations.
  • Assist Medicare-eligible individuals with Medicare supplement and replacement plans adhering to CMS guidelines.
  • Develop Indianapolis territory for contacts with senior citizens during the enrollment period for Medicare.
  • Create and maintain accurate MLS listings as well as developed and distribute unique advertising materials.
  • Show more

Commercial mortgage broker vs associate broker skills

Common commercial mortgage broker skills
  • Real Estate Transactions, 20%
  • Lenders, 11%
  • Commercial Property, 10%
  • Real Estate Brokers, 10%
  • Client Relationships, 8%
  • Commercial Loans, 6%
Common associate broker skills
  • Excellent Client, 12%
  • Real Estate Sales, 11%
  • Financial Resources, 7%
  • Market Research, 5%
  • Business Development, 5%
  • Renewal Business, 4%

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