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The differences between credit officers and real estate agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a credit officer has an average salary of $129,478, which is higher than the $91,788 average annual salary of a real estate agent.
The top three skills for a credit officer include risk management, credit risk and credit analysis. The most important skills for a real estate agent are customer service, real estate license, and excellent interpersonal.
| Credit Officer | Real Estate Agent | |
| Yearly salary | $129,478 | $91,788 |
| Hourly rate | $62.25 | $44.13 |
| Growth rate | 17% | 5% |
| Number of jobs | 60,323 | 41,399 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 59% |
| Average age | 39 | 49 |
| Years of experience | 2 | - |
A credit officer is responsible for evaluating financial documents and account statements to determine the eligibility of an applicant for a loan option. Credit officers communicate with the applicant to discuss the loan process, explain the terms of service, and provide them alternative options that would fit their payment ability and loan needs. They create financial reports and recommend the qualified applicant to the manager for approval. A credit officer should have excellent communication and analytical skills, ensuring that the loan policies adhere to the federal and state regulations.
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.
Credit officers and real estate agents have different pay scales, as shown below.
| Credit Officer | Real Estate Agent | |
| Average salary | $129,478 | $91,788 |
| Salary range | Between $85,000 And $196,000 | Between $66,000 And $126,000 |
| Highest paying City | New York, NY | Long Beach, NY |
| Highest paying state | New York | West Virginia |
| Best paying company | Farm Credit System | Santa Clara Valley Water District |
| Best paying industry | Finance | Finance |
There are a few differences between a credit officer and a real estate agent in terms of educational background:
| Credit Officer | Real Estate Agent | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 59% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | - |
Here are the differences between credit officers' and real estate agents' demographics:
| Credit Officer | Real Estate Agent | |
| Average age | 39 | 49 |
| Gender ratio | Male, 64.4% Female, 35.6% | Male, 43.4% Female, 56.6% |
| Race ratio | Black or African American, 8.0% Unknown, 2.7% Hispanic or Latino, 9.7% Asian, 10.7% White, 68.6% American Indian and Alaska Native, 0.3% | 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 Percentage | 11% | 13% |