Commercial mortgage broker vs broker

The differences between commercial mortgage brokers and 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 $124,861 average annual salary of a broker.

The top three skills for a commercial mortgage broker include real estate transactions, lenders and commercial property. The most important skills for a broker are brokerage, financial services, and insurance products.

Commercial mortgage broker vs broker overview

	Commercial Mortgage Broker	Broker
Yearly salary	$126,099	$124,861
Hourly rate	$60.62	$60.03
Growth rate	4%	5%
Number of jobs	31,820	2,770
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 71%	Bachelor's Degree, 66%
Average age	45	49
Years of experience	6	-

Commercial mortgage broker vs broker salary

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

	Commercial Mortgage Broker	Broker
Average salary	$126,099	$124,861
Salary range	Between $89,000 And $176,000	Between $68,000 And $227,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Child Guidance & Family Solutions
Best paying industry	-	Insurance

Differences between commercial mortgage broker and broker education

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

	Commercial Mortgage Broker	Broker
Most common degree	Bachelor's Degree, 71%	Bachelor's Degree, 66%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Southern California

Commercial mortgage broker vs broker demographics

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

	Commercial Mortgage Broker	Broker
Average age	45	49
Gender ratio	Male, 77.2% Female, 22.8%	Male, 63.8% Female, 36.2%
Race ratio	Black 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, 13.2% Asian, 6.9% White, 70.1% American Indian and Alaska Native, 0.3%
LGBT Percentage	8%	13%

Differences between commercial mortgage broker and 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.

Broker example responsibilities.

Manage, lease and sell office condominiums on site.
Retail trader, fix income securities; manage client account activity; properly allocate client funds to appropriate investment options
Manage indexes, options, foreign equities, and short-selling positions that are compatible with clients' long-term investment goals.
Expand and maintain professional relationships with trading accounts including banks, hedge funds and portfolio managers.
Specialize in finding undervalue and/or overbought commodities by using fundamental and technical analysis that exist throughout the markets.
Install the oracle client for windows.

Commercial mortgage broker vs 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 broker skills

Brokerage, 17%
Financial Services, 9%
Insurance Products, 7%
Risk Management, 6%
Client Relationships, 6%
Real Estate Transactions, 5%