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The differences between loan coordinators 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 $39,836 average annual salary of a loan coordinator.
The top three skills for a loan coordinator include customer service, work ethic and FHA. The most important skills for a real estate agent are customer service, real estate license, and excellent interpersonal.
| Loan Coordinator | Real Estate Agent | |
| Yearly salary | $39,836 | $91,788 |
| Hourly rate | $19.15 | $44.13 |
| Growth rate | -3% | 5% |
| Number of jobs | 24,765 | 41,399 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 59% |
| Average age | 42 | 49 |
| Years of experience | 4 | - |
A Loan Coordinator is responsible for processing loan applications and determining the eligibility of applicants for loan options. Loan Coordinators perform administrative and clerical duties under the supervision of a loan supervisor. They file reports, monitor transactions, and review the applicants' credit scores. A loan coordinator must have excellent communication and organizational skills, especially responding to the applicants' inquiries and concerns, resolving complaints, and directing them to the loan personnel for any updates on their applications.
A real estate agent helps owners in the selling or renting of houses, land, offices, buildings, or any piece of property. They should be knowledgeable in the area they work in, which local properties are in the market, and the competitive prices for various properties. It is their responsibility to either market or sells in the best possible and reasonable price and conditions. Negotiating is a vital skill for real estate agents as they act as the middleman for buyers and sellers. Most agents bill the client with a percentage of the final sale price as the fee, but some would get a fixed commission for every sale.
Loan coordinators and real estate agents have different pay scales, as shown below.
| Loan Coordinator | Real Estate Agent | |
| Average salary | $39,836 | $91,788 |
| Salary range | Between $30,000 And $51,000 | Between $66,000 And $126,000 |
| Highest paying City | Raleigh, NC | Long Beach, NY |
| Highest paying state | West Virginia | West Virginia |
| Best paying company | JPMorgan Chase & Co. | Santa Clara Valley Water District |
| Best paying industry | Professional | Finance |
There are a few differences between a loan coordinator and a real estate agent in terms of educational background:
| Loan Coordinator | Real Estate Agent | |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 59% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | - |
Here are the differences between loan coordinators' and real estate agents' demographics:
| Loan Coordinator | Real Estate Agent | |
| Average age | 42 | 49 |
| Gender ratio | Male, 25.3% Female, 74.7% | Male, 43.4% Female, 56.6% |
| Race ratio | Black or African American, 11.9% Unknown, 4.3% Hispanic or Latino, 17.7% Asian, 7.5% White, 58.2% American Indian and Alaska Native, 0.4% | 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% |