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The differences between licensed realtors and real estate consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a real estate consultant has an average salary of $92,358, 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 consultant are customer service, real estate market, and project management.
| Licensed Realtor | Real Estate Consultant | |
| Yearly salary | $38,029 | $92,358 |
| Hourly rate | $18.28 | $44.40 |
| Growth rate | 5% | 5% |
| Number of jobs | 17,429 | 22,428 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 67% |
| 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.
A real estate consultant is an individual who provides specialized investment and financial advice to clients who are looking to buy, sell, or invest in property. A real estate consultant must provide as many details as possible so that the client can make their decision and avoid problems in the process. They provide clients with value-added services such as asset management, market analysis, and lease management. Real estate consultants must also work with a variety of clients, including construction companies, business owners, or third-party investors.
Licensed realtors and real estate consultants have different pay scales, as shown below.
| Licensed Realtor | Real Estate Consultant | |
| Average salary | $38,029 | $92,358 |
| Salary range | Between $27,000 And $52,000 | Between $61,000 And $138,000 |
| Highest paying City | Austin, TX | Boston, MA |
| Highest paying state | New York | Massachusetts |
| Best paying company | Paññã | Marcus & Millichap |
| Best paying industry | Real Estate | Finance |
There are a few differences between a licensed realtor and a real estate consultant in terms of educational background:
| Licensed Realtor | Real Estate Consultant | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between licensed realtors' and real estate consultants' demographics:
| Licensed Realtor | Real Estate Consultant | |
| Average age | 49 | 49 |
| Gender ratio | Male, 38.3% Female, 61.7% | Male, 61.5% Female, 38.5% |
| 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, 5.4% Unknown, 4.3% Hispanic or Latino, 13.5% Asian, 7.0% White, 69.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 13% | 13% |