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Oil lease broker vs licensed sales agent

The differences between oil lease brokers and licensed sales agents can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both an oil lease broker and a licensed sales agent. Additionally, an oil lease broker has an average salary of $54,922, which is higher than the $36,453 average annual salary of a licensed sales agent.

The top three skills for an oil lease broker include real estate, financial products and market research. The most important skills for a licensed sales agent are real estate, lead generation, and customer service.

Oil lease broker vs licensed sales agent overview

Oil Lease BrokerLicensed Sales Agent
Yearly salary$54,922$36,453
Hourly rate$26.40$17.53
Growth rate10%10%
Number of jobs4,59863,324
Job satisfaction--
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 55%
Average age4343
Years of experience66

Oil lease broker vs licensed sales agent salary

Oil lease brokers and licensed sales agents have different pay scales, as shown below.

Oil Lease BrokerLicensed Sales Agent
Average salary$54,922$36,453
Salary rangeBetween $34,000 And $86,000Between $25,000 And $51,000
Highest paying City-Minnetonka, MN
Highest paying state-New York
Best paying company-Oracle
Best paying industry-Finance

Differences between oil lease broker and licensed sales agent education

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

Oil Lease BrokerLicensed Sales Agent
Most common degreeBachelor's Degree, 72%Bachelor's Degree, 55%
Most common majorBusinessBusiness
Most common collegeStanford UniversityStanford University

Oil lease broker vs licensed sales agent demographics

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

Oil Lease BrokerLicensed Sales Agent
Average age4343
Gender ratioMale, 74.6% Female, 25.4%Male, 45.1% Female, 54.9%
Race ratioBlack or African American, 5.8% Unknown, 4.2% Hispanic or Latino, 12.2% Asian, 9.0% White, 68.6% American Indian and Alaska Native, 0.2%Black 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%
LGBT Percentage6%6%

Differences between oil lease broker and licensed sales agent duties and responsibilities

Oil lease broker example responsibilities.

  • Manage, inspect, photograph, and create reports biweekly for U.S. department of HUD and Fannie Mae assign properties.
  • Solicit profitable freight brokerage business by marketing transportation capability via direct sales calls, telephone and direct mail marketing activity.
  • Broker purchases, sales and exchanges of WTI, grade trading, swaps, options, derivatives and spreads.
  • Identify and capitalize on arbitrage situations.

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

Oil lease broker vs licensed sales agent skills

Common oil lease broker skills
  • Real Estate, 19%
  • Financial Products, 18%
  • Market Research, 17%
  • Financial Analysis, 12%
  • Database, 10%
  • Customer Relationships, 8%
Common licensed sales agent skills
  • Real Estate, 27%
  • Lead Generation, 24%
  • Customer Service, 7%
  • Auto Insurance, 3%
  • Medicare Advantage, 3%
  • Inbound Calls, 3%