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Licensed realtor vs closing agent

The differences between licensed realtors and closing agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a closing agent has an average salary of $47,582, 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 a closing agent are settlement statements, escrow accounts, and notary.

Licensed realtor vs closing agent overview

Licensed RealtorClosing Agent
Yearly salary$38,029$47,582
Hourly rate$18.28$22.88
Growth rate5%5%
Number of jobs17,42927,073
Job satisfaction--
Most common degreeBachelor's Degree, 61%Bachelor's Degree, 46%
Average age4949
Years of experience--

Licensed realtor vs closing agent salary

Licensed realtors and closing agents have different pay scales, as shown below.

Licensed RealtorClosing Agent
Average salary$38,029$47,582
Salary rangeBetween $27,000 And $52,000Between $34,000 And $65,000
Highest paying CityAustin, TX-
Highest paying stateNew York-
Best paying companyPaññã-
Best paying industryReal Estate-

Differences between licensed realtor and closing agent education

There are a few differences between a licensed realtor and a closing agent in terms of educational background:

Licensed RealtorClosing Agent
Most common degreeBachelor's Degree, 61%Bachelor's Degree, 46%
Most common majorBusinessBusiness
Most common college--

Licensed realtor vs closing agent demographics

Here are the differences between licensed realtors' and closing agents' demographics:

Licensed RealtorClosing Agent
Average age4949
Gender ratioMale, 38.3% Female, 61.7%Male, 24.2% Female, 75.8%
Race ratioBlack 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, 5.2% Unknown, 4.3% Hispanic or Latino, 13.0% Asian, 6.7% White, 70.4% American Indian and Alaska Native, 0.3%
LGBT Percentage13%13%

Differences between licensed realtor and closing agent duties and responsibilities

Licensed realtor example responsibilities.

  • Monitor and manage inventory of all outlying properties for inspections and listings, maintaining MLS for properties across the agency.
  • Specialize in management, marketing, analysis, repairs and sale of REO properties.
  • Conduct research and develop computer reports on MLS listings in order to create comparative reports and advertising for prospective transactions.
  • Develop and execute sales/marketing programs and general sales solutions resulting in increase company exposure, customer traffic, and sales production.
  • Attend closings, review mortgage packages and HUD statements, negotiate unresolve disputes.
  • Prepare preliminary HUD statements and all closing documents.
  • Show more

Closing agent example responsibilities.

  • Manage escrow department for title insurance company.
  • Work as a mobile notary for various banks, mortgage companies, title and signing services.
  • Schedule, arrange, process, close and disburse REO auction sale transactions in the state of Wisconsin.
  • Certify signing agent/commission notary public - Oregon.
  • Operate remote telecommunications using applications and secure computer communications to troubleshoot and resolve issues on customer Samsung devices.
  • Work directly with the VP of procurement to provide education concerning legal contract implementation.

Licensed realtor vs closing agent skills

Common licensed realtor skills
  • Residential Real Estate, 32%
  • Purchase Agreements, 9%
  • Lead Generation, 6%
  • Real Estate Market, 5%
  • Sales Contracts, 5%
  • Property Inspections, 4%
Common closing agent skills
  • Settlement Statements, 14%
  • Escrow Accounts, 9%
  • Notary, 9%
  • HUD-1, 8%
  • Title Commitments, 7%
  • Loan Closings, 5%