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Condominium association manager vs real estate manager

The differences between condominium association managers and real estate managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a condominium association manager and a real estate manager. Additionally, a condominium association manager has an average salary of $88,269, which is higher than the $86,874 average annual salary of a real estate manager.

The top three skills for a condominium association manager include association rules, property inspections and budget preparation. The most important skills for a real estate manager are financial analysis, property management, and project management.

Condominium association manager vs real estate manager overview

Condominium Association ManagerReal Estate Manager
Yearly salary$88,269$86,874
Hourly rate$42.44$41.77
Growth rate3%3%
Number of jobs5,53924,751
Job satisfaction--
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 69%
Average age4848
Years of experience66

Condominium association manager vs real estate manager salary

Condominium association managers and real estate managers have different pay scales, as shown below.

Condominium Association ManagerReal Estate Manager
Average salary$88,269$86,874
Salary rangeBetween $61,000 And $126,000Between $58,000 And $129,000
Highest paying City-Hartford, CT
Highest paying state-Connecticut
Best paying company-McKinsey & Company Inc
Best paying industry-Finance

Differences between condominium association manager and real estate manager education

There are a few differences between a condominium association manager and a real estate manager in terms of educational background:

Condominium Association ManagerReal Estate Manager
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 69%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Condominium association manager vs real estate manager demographics

Here are the differences between condominium association managers' and real estate managers' demographics:

Condominium Association ManagerReal Estate Manager
Average age4848
Gender ratioMale, 35.0% Female, 65.0%Male, 59.2% Female, 40.8%
Race ratioBlack or African American, 6.3% Unknown, 4.0% Hispanic or Latino, 12.3% Asian, 4.6% White, 72.3% American Indian and Alaska Native, 0.6%Black or African American, 8.5% Unknown, 4.1% Hispanic or Latino, 17.4% Asian, 5.2% White, 64.2% American Indian and Alaska Native, 0.6%
LGBT Percentage12%12%

Differences between condominium association manager and real estate manager duties and responsibilities

Condominium association manager example responsibilities.

  • Manage consistent method of collection activities for every client portfolio, ensuring timely payment collections.
  • Manage consistent method of collection activities for every client portfolio, ensuring timely payment collections.
  • Reinforce Homeowner/Condominium documents and rules and regulations as per association.

Real estate manager example responsibilities.

  • Manage the submittal of all require documents for construction NTP.
  • Lead SEO efforts for primary corporate site, improving organic and paid traffic.
  • Coordinate and manage the NEPA, SHPO, FAA and FCC approval process.
  • Manage $20M budget and all fiscal functions including payroll, A/R, and A/P.
  • Manage and own the entire process from issue of RFDS to obtaining NTP from tower owner.
  • Manage leasing process of market price, tax credit, public housing programs as well as HUD apartments.
    • Show more

Condominium association manager vs real estate manager skills

Common condominium association manager skills
  • Association Rules, 51%
  • Property Inspections, 40%
  • Budget Preparation, 7%
  • HOA, 2%
Common real estate manager skills
  • Financial Analysis, 10%
  • Property Management, 10%
  • Project Management, 8%
  • Oversight, 6%
  • Due Diligence, 6%
  • Customer Service, 6%

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Updated January 8, 2025

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