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The differences between mortgage specialists 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 $38,757 average annual salary of a mortgage specialist.
The top three skills for a mortgage specialist include customer service, residential mortgage loans and origination. The most important skills for a real estate agent are customer service, real estate license, and excellent interpersonal.
| Mortgage Specialist | Real Estate Agent | |
| Yearly salary | $38,757 | $91,788 |
| Hourly rate | $18.63 | $44.13 |
| Growth rate | -3% | 5% |
| Number of jobs | 26,471 | 41,399 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 59% |
| Average age | 42 | 49 |
| Years of experience | 4 | - |
Mortgage specialists are professionals who work with lending institutions to identify the best lending product for their clients in exchange for taking the title of the debtors' properties. These specialists must process mortgage loan applications by reviewing their paperwork to ensure accuracy and completeness before submitting for approval. They should monitor accounts during the bankruptcy proceedings to ensure that the rights of their clients are protected. Mortgage specialists are also required to guide associates regarding procedural guidelines from FNMA, FHLMC, and MHA.
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.
Mortgage specialists and real estate agents have different pay scales, as shown below.
| Mortgage Specialist | Real Estate Agent | |
| Average salary | $38,757 | $91,788 |
| Salary range | Between $29,000 And $51,000 | Between $66,000 And $126,000 |
| Highest paying City | Oakland, CA | Long Beach, NY |
| Highest paying state | Washington | West Virginia |
| Best paying company | Citi | Santa Clara Valley Water District |
| Best paying industry | Finance | Finance |
There are a few differences between a mortgage specialist and a real estate agent in terms of educational background:
| Mortgage Specialist | Real Estate Agent | |
| Most common degree | Bachelor's Degree, 55% | Bachelor's Degree, 59% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | - |
Here are the differences between mortgage specialists' and real estate agents' demographics:
| Mortgage Specialist | Real Estate Agent | |
| Average age | 42 | 49 |
| Gender ratio | Male, 39.3% Female, 60.7% | Male, 43.4% Female, 56.6% |
| Race ratio | Black or African American, 13.3% Unknown, 4.4% Hispanic or Latino, 14.2% Asian, 7.5% White, 60.2% 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% |