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Licensed sales agent vs real estate broker

The differences between licensed sales agents 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 $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 a real estate broker are real estate sales, purchase agreements, and financial resources.

Licensed sales agent vs real estate broker overview

Licensed Sales AgentReal Estate Broker
Yearly salary$36,453$80,250
Hourly rate$17.53$38.58
Growth rate10%5%
Number of jobs63,32419,151
Job satisfaction--
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 65%
Average age4349
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 a real estate broker do?

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 sales agent vs real estate broker salary

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

Licensed Sales AgentReal Estate Broker
Average salary$36,453$80,250
Salary rangeBetween $25,000 And $51,000Between $56,000 And $114,000
Highest paying CityMinnetonka, MNNew York, NY
Highest paying stateNew YorkNew York
Best paying companyOracleVillage Real Estate
Best paying industryFinanceFinance

Differences between licensed sales agent and real estate broker education

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

Licensed Sales AgentReal Estate Broker
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 65%
Most common majorBusinessBusiness
Most common collegeStanford UniversityUniversity of Southern California

Licensed sales agent vs real estate broker demographics

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

Licensed Sales AgentReal Estate Broker
Average age4349
Gender ratioMale, 45.1% Female, 54.9%Male, 54.3% Female, 45.7%
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, 5.3% Unknown, 4.3% Hispanic or Latino, 13.2% Asian, 6.9% White, 70.0% American Indian and Alaska Native, 0.3%
LGBT Percentage6%13%

Differences between licensed sales agent and real estate broker 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.
  • Show more

Real estate broker example responsibilities.

  • Manage all accounting, cash management, budgeting and financing for individual LLC's and for corporate entity.
  • Prepare all marketing materials, coordinate closings, enter necessary data into the MLS to ensure homes are represent correctly
  • Review, analyze and process moderately complex homeowner property, contents and liability claims within assign work with REO properties.
  • Stabilize operations and financial performance of underperforming properties, directing investors in maximizing value and/or divesting assets to optimize ROI.
  • Process the movement of funds and equities.
  • Prepare and submit probate and administration petitions.
  • Show more

Licensed sales agent vs real estate broker 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 real estate broker skills
  • Real Estate Sales, 14%
  • Purchase Agreements, 11%
  • Financial Resources, 8%
  • Property Management, 7%
  • Open Houses, 5%
  • Client Relationships, 4%