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The differences between licensed realtors and real estate brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a real estate broker has an average salary of $80,250, 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 real estate broker are real estate sales, purchase agreements, and financial resources.
| Licensed Realtor | Real Estate Broker | |
| Yearly salary | $38,029 | $80,250 |
| Hourly rate | $18.28 | $38.58 |
| Growth rate | 5% | 5% |
| Number of jobs | 17,429 | 19,151 |
| 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.
Real estate appraisers are unique in that many of them are self-employed. Nevertheless, it is a career that will require an enterprising, inquisitive, and motivated personality, as well as impartiality and unbiased nature. Appraisers will provide objective opinions on the value of properties, as well as assist the owners/managers/investors for real estate. They must also verify legal real estate records, inspect properties, photograph interior and exterior structures, and prepare and maintain written reports on property values.
Licensed realtors and real estate brokers have different pay scales, as shown below.
| Licensed Realtor | Real Estate Broker | |
| Average salary | $38,029 | $80,250 |
| Salary range | Between $27,000 And $52,000 | Between $56,000 And $114,000 |
| Highest paying City | Austin, TX | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Paññã | Village Real Estate |
| Best paying industry | Real Estate | Finance |
There are a few differences between a licensed realtor and a real estate broker in terms of educational background:
| Licensed Realtor | Real Estate 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 real estate brokers' demographics:
| Licensed Realtor | Real Estate Broker | |
| Average age | 49 | 49 |
| Gender ratio | Male, 38.3% Female, 61.7% | Male, 54.3% Female, 45.7% |
| 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, 13.2% Asian, 6.9% White, 70.0% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 13% | 13% |