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Licensed sales agent vs agent

The differences between licensed sales agents and agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, an agent has an average salary of $37,864, which is higher than the $36,453 average annual salary of a licensed sales agent.

The top three skills for a licensed sales agent include real estate, lead generation and customer service. The most important skills for an agent are insurance products, customer service, and life insurance.

Licensed sales agent vs agent overview

Licensed Sales AgentAgent
Yearly salary$36,453$37,864
Hourly rate$17.53$18.20
Growth rate10%6%
Number of jobs63,324184,325
Job satisfaction-2
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 44%
Average age4346
Years of experience6-

What does a licensed sales agent do?

A sales agent is the one who serves as a seller for the customer. They are the one who fulfills and allows them to choose a product or item that they need. Some of their tasks include offering products, taking orders, and providing services for clients. Also, they keep the required documents to report errors or dissatisfaction. Their skills involve being customer-oriented, good management skills, and can communicate effectively.

What does an agent do?

Agents are individuals who are employed by their clients to represent them in various dealings. Agents are usually employed by people in the show business industry, such as actors, writers, or directors. They meet people who are interested in dealing with their clients. They listen to the plans and vision for the project and assess if the project fits their clients' interests or public image. In the case of agents whose clients are actors, they send their clients to auditions upon review of the project details. Agents are also responsible for negotiating terms on behalf of their clients, such as salary, royalties, and set benefits, among others. They also inform the project leaders of their clients' demands on set. Agents are expected to be business-savvy and good negotiators.

Licensed sales agent vs agent salary

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

Licensed Sales AgentAgent
Average salary$36,453$37,864
Salary rangeBetween $25,000 And $51,000Between $19,000 And $72,000
Highest paying CityMinnetonka, MNNew York, NY
Highest paying stateNew YorkNew York
Best paying companyOracleLatham & Watkins
Best paying industryFinance-

Differences between licensed sales agent and agent education

There are a few differences between a licensed sales agent and an agent in terms of educational background:

Licensed Sales AgentAgent
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 44%
Most common majorBusinessBusiness
Most common collegeStanford UniversityUniversity of Pennsylvania

Licensed sales agent vs agent demographics

Here are the differences between licensed sales agents' and agents' demographics:

Licensed Sales AgentAgent
Average age4346
Gender ratioMale, 45.1% Female, 54.9%Male, 50.5% Female, 49.5%
Race ratioBlack or African American, 5.9% Unknown, 4.2% Hispanic or Latino, 12.6% Asian, 9.5% White, 67.6% American Indian and Alaska Native, 0.2%Black or African American, 9.2% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.4% American Indian and Alaska Native, 0.1%
LGBT Percentage6%7%

Differences between licensed sales agent and agent duties and responsibilities

Licensed sales agent example responsibilities.

  • Schedule and meet individuals\groups for assign or self-generate leads, assist and enroll eligible individuals in suitable Medicare product.
  • Develop a working knowledge of the Medicaid program used to educate customers on product eligibility.
  • Demonstrate strong understanding of Comcast products, promoting and selling offerings to individual customers by knocking every door within assign territories.
  • Service Humana ACA plan members on benefits, service.
  • Comply with all regulatory guidelines as well as HIPAA and privacy guidelines, demonstrate client/customer confidentiality.
  • Handle, process and accurately record confidential financial and health customer information following all applicable HIPAA privacy laws.
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Agent example responsibilities.

  • Schedule and meet individuals\groups for assign or self-generate leads, assist and enroll eligible individuals in suitable Medicare product.
  • Verify documentation and coding using CPT and ICD-9 correct coding standards.
  • Assist TANF customers with obtaining employment.
  • Direct compliance with all CPT and Medicare guidelines.
  • Train BDC representatives on phone skills and CRM use.
  • Bill appropriate ICD-9 codes to the correct insurance companies.
  • Show more

Licensed sales agent vs agent skills

Common licensed sales agent skills
  • Real Estate, 27%
  • Lead Generation, 24%
  • Customer Service, 7%
  • Auto Insurance, 3%
  • Medicare Advantage, 3%
  • Inbound Calls, 3%
Common agent skills
  • Insurance Products, 11%
  • Customer Service, 10%
  • Life Insurance, 8%
  • HR, 6%
  • Inbound Calls, 6%
  • Financial Services, 6%