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Licensed realtor vs escrow closer

The differences between licensed realtors and escrow closers can be seen in a few details. Each job has different responsibilities and duties. Additionally, an escrow closer has an average salary of $43,588, 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 escrow closer are settlement statements, notary, and real estate contracts.

Licensed realtor vs escrow closer overview

Licensed RealtorEscrow Closer
Yearly salary$38,029$43,588
Hourly rate$18.28$20.96
Growth rate5%5%
Number of jobs17,4293,182
Job satisfaction--
Most common degreeBachelor's Degree, 61%Bachelor's Degree, 45%
Average age4949
Years of experience--

Licensed realtor vs escrow closer salary

Licensed realtors and escrow closers have different pay scales, as shown below.

Licensed RealtorEscrow Closer
Average salary$38,029$43,588
Salary rangeBetween $27,000 And $52,000Between $31,000 And $61,000
Highest paying CityAustin, TX-
Highest paying stateNew York-
Best paying companyPaññã-
Best paying industryReal Estate-

Differences between licensed realtor and escrow closer education

There are a few differences between a licensed realtor and an escrow closer in terms of educational background:

Licensed RealtorEscrow Closer
Most common degreeBachelor's Degree, 61%Bachelor's Degree, 45%
Most common majorBusinessBusiness
Most common college--

Licensed realtor vs escrow closer demographics

Here are the differences between licensed realtors' and escrow closers' demographics:

Licensed RealtorEscrow Closer
Average age4949
Gender ratioMale, 38.3% Female, 61.7%Male, 10.4% Female, 89.6%
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, 5.4% Unknown, 4.3% Hispanic or Latino, 13.4% Asian, 6.4% White, 70.2% American Indian and Alaska Native, 0.3%
LGBT Percentage13%13%

Differences between licensed realtor and escrow closer 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

Escrow closer example responsibilities.

  • Manage escrow department for title insurance company.
  • Coordinate REO property closings with agents, lenders and buyers.
  • Officiate and serve as notary public for residential real estate transactions.
  • Process purchase transactions for buyers and sellers by ordering payoffs, HOA, bills, utilities etc.
  • Verify pricing, points, credits, and all escrow information for FHA, VA and MHDC purchase statements.
  • Order HOA resale documents, home warranties, payoffs, clear funding conditions, disburse funds and administer all post-closing procedures.
  • Show more

Licensed realtor vs escrow closer 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 escrow closer skills
  • Settlement Statements, 25%
  • Notary, 15%
  • Real Estate Contracts, 13%
  • Title Insurance, 10%
  • Estate Closings, 8%
  • Title Commitments, 6%