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The differences between licensed realtors and associate brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, an associate broker has an average salary of $64,361, which is higher than the $38,029 average annual salary of a licensed realtor.
The top three skills for a licensed realtor include residential real estate, purchase agreements and lead generation. The most important skills for an associate broker are excellent client, real estate sales, and financial resources.
| Licensed Realtor | Associate Broker | |
| Yearly salary | $38,029 | $64,361 |
| Hourly rate | $18.28 | $30.94 |
| Growth rate | 5% | 5% |
| Number of jobs | 17,429 | 8,836 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 65% |
| Average age | 49 | 49 |
| Years of experience | - | - |
A real estate agent is responsible for helping a client sell, rent, or buy a property such as land, houses, and buildings according to what they want. They are the ones who give accurate guidance and advice to clients on how they can sell or promote their property in the market. Agents also work with clients to negotiate pricing. The real estate agent checks and sees to it that all documents and other information needed are furnished to ensure the seller's credibility and truthfulness.
An Associate Broker demonstrates property to prospective homeowners and gives offers to sellers for consideration. Associate Brokers design real estate databases, maintain property data or blueprints and develop strategies for process improvement. They create MLS listings and establish and distribute advertising materials. Their job involves the incorporation of innovative marketing techniques like direct mail, print advertising, and intensive internet exposure. They also review and evaluate real estate transactions for quality control and accuracy.
Licensed realtors and associate brokers have different pay scales, as shown below.
| Licensed Realtor | Associate Broker | |
| Average salary | $38,029 | $64,361 |
| Salary range | Between $27,000 And $52,000 | Between $38,000 And $106,000 |
| Highest paying City | Austin, TX | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Paññã | Cushman & Wakefield |
| Best paying industry | Real Estate | Finance |
There are a few differences between a licensed realtor and an associate broker in terms of educational background:
| Licensed Realtor | Associate Broker | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | - | University of Southern California |
Here are the differences between licensed realtors' and associate brokers' demographics:
| Licensed Realtor | Associate Broker | |
| Average age | 49 | 49 |
| Gender ratio | Male, 38.3% Female, 61.7% | Male, 52.5% Female, 47.5% |
| Race ratio | Black or African American, 5.4% Unknown, 4.3% Hispanic or Latino, 13.4% Asian, 6.9% White, 69.6% American Indian and Alaska Native, 0.3% | 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 Percentage | 13% | 13% |