Loan clerk vs real estate agent

The differences between loan clerks and real estate agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a real estate agent has an average salary of $91,788, which is higher than the $26,552 average annual salary of a loan clerk.

The top three skills for a loan clerk include customer service, loan payments and financial data. The most important skills for a real estate agent are customer service, real estate license, and excellent interpersonal.

Loan clerk vs real estate agent overview

	Loan Clerk	Real Estate Agent
Yearly salary	$26,552	$91,788
Hourly rate	$12.77	$44.13
Growth rate	-3%	5%
Number of jobs	75,101	41,399
Job satisfaction	-	4
Most common degree	Bachelor's Degree, 40%	Bachelor's Degree, 59%
Average age	42	49
Years of experience	4	-

Loan clerk vs real estate agent salary

Loan clerks and real estate agents have different pay scales, as shown below.

	Loan Clerk	Real Estate Agent
Average salary	$26,552	$91,788
Salary range	Between $19,000 And $35,000	Between $66,000 And $126,000
Highest paying City	Newark, NJ	Long Beach, NY
Highest paying state	California	West Virginia
Best paying company	UFCU	Santa Clara Valley Water District
Best paying industry	Finance	Finance

Differences between loan clerk and real estate agent education

There are a few differences between a loan clerk and a real estate agent in terms of educational background:

	Loan Clerk	Real Estate Agent
Most common degree	Bachelor's Degree, 40%	Bachelor's Degree, 59%
Most common major	Business	Business
Most common college	University of Pennsylvania	-

Loan clerk vs real estate agent demographics

Here are the differences between loan clerks' and real estate agents' demographics:

	Loan Clerk	Real Estate Agent
Average age	42	49
Gender ratio	Male, 16.9% Female, 83.1%	Male, 43.4% Female, 56.6%
Race ratio	Black or African American, 12.9% Unknown, 4.7% Hispanic or Latino, 14.6% Asian, 7.0% White, 60.3% American Indian and Alaska Native, 0.5%	Black or African American, 5.2% Unknown, 4.3% Hispanic or Latino, 13.0% Asian, 6.8% White, 70.3% American Indian and Alaska Native, 0.3%
LGBT Percentage	7%	13%

Differences between loan clerk and real estate agent duties and responsibilities

Loan clerk example responsibilities.

Manage A/R transactions, prepare weekly account reconciliation's, perform research/ adjustments on A/P and A/R discrepancy accounts.
Monitor UCC filings and updates.
Prepare SBA loans using WordPrefect.
Record UCC filings on-line and by mail.
Review loan files, facilitate and verify loss mitigation application request, determine eligibility for clients requesting foreclosure financial assistance.
Work with HUD the VA and FHA to make sure all requirements are completed.

Real estate agent example responsibilities.

Manage all accounting, cash management, budgeting and financing for individual LLC's and for corporate entity.
Manage extremely complex REO and short sale transactions, coordinating sellers, buyers, and lenders in order to complete them.
Create ad campaigns via Google ad-words and Facebook.
Determine whether title transfers are assessable for taxation.
Learn all phases of real estate ethics, practice and procedures.
Review and analyze corporate leases, securities offerings, and secure transactions.

Loan clerk vs real estate agent skills

Common loan clerk skills

Customer Service, 22%
Loan Payments, 12%
Financial Data, 10%
Mortgage Loans, 5%
Credit Reports, 4%
General Ledger Accounts, 3%

Common real estate agent skills

Customer Service, 15%
Real Estate License, 11%
Excellent Interpersonal, 10%
Real Estate Market, 10%
Open Houses, 7%
Develop Marketing Materials, 6%