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The differences between insurance agents 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 $51,936 average annual salary of an insurance agent.
The top three skills for an insurance agent include customer service, insurance sales and health insurance. The most important skills for a real estate agent are customer service, real estate license, and excellent interpersonal.
| Insurance Agent | Real Estate Agent | |
| Yearly salary | $51,936 | $91,788 |
| Hourly rate | $24.97 | $44.13 |
| Growth rate | 6% | 5% |
| Number of jobs | 67,977 | 41,399 |
| Job satisfaction | 5 | 4 |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 59% |
| Average age | 46 | 49 |
| Years of experience | - | - |
An insurance agent is responsible for inviting potential clients to the insurance company by offering different insurance services. Insurance agents must have a comprehensive knowledge of insurance types to provide the clients with the best insurance option in the market. The insurance agents should evaluate a client's long-term needs and financial goals to create individual packages as the insurance company allowed. An insurance agent also handles policy renewals and keeps customers' insurance files for reference.
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.
Insurance agents and real estate agents have different pay scales, as shown below.
| Insurance Agent | Real Estate Agent | |
| Average salary | $51,936 | $91,788 |
| Salary range | Between $30,000 And $88,000 | Between $66,000 And $126,000 |
| Highest paying City | New York, NY | Long Beach, NY |
| Highest paying state | Hawaii | West Virginia |
| Best paying company | Z Capital Group | Santa Clara Valley Water District |
| Best paying industry | Finance | Finance |
There are a few differences between an insurance agent and a real estate agent in terms of educational background:
| Insurance Agent | Real Estate Agent | |
| Most common degree | Bachelor's Degree, 53% | Bachelor's Degree, 59% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | - |
Here are the differences between insurance agents' and real estate agents' demographics:
| Insurance Agent | Real Estate Agent | |
| Average age | 46 | 49 |
| Gender ratio | Male, 51.6% Female, 48.4% | Male, 43.4% Female, 56.6% |
| Race ratio | Black or African American, 9.3% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.4% American Indian and Alaska Native, 0.1% | 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 | 7% | 13% |