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The differences between property managers and brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a broker has an average salary of $124,861, which is higher than the $49,958 average annual salary of a property manager.
The top three skills for a property manager include customer service, property management and financial reports. The most important skills for a broker are brokerage, financial services, and insurance products.
| Property Manager | Broker | |
| Yearly salary | $49,958 | $124,861 |
| Hourly rate | $24.02 | $60.03 |
| Growth rate | 3% | 5% |
| Number of jobs | 15,402 | 2,770 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 66% |
| Average age | 48 | 49 |
| Years of experience | 6 | - |
Property managers are responsible for overseeing the real estate properties of their clients. They manage property rentals and leasing and ensure that the terms on these rentals are by what the owner is amenable to. Property managers act as the representative of their client during negotiations and deals. They also set rental prices and other finance-related items since they are familiar with how the market looks. Besides dealing with financial matters, they also manage administrative matters such as enforcing rules and policies, crafting reports, managing contractors, and drafting related documents.
Brokers can either be a firm or an individual acting as an intermediary between a securities exchange and an investor. They often provide services to individual investors and traders who cannot engage directly with security exchanges, which only accept orders from their members. They provide investors and traders with an investment plan, market intelligence, and research. They may cross-sell some financial services and products offered by their brokerage firms. They are also typically classified as discount or full-service brokers.
Property managers and brokers have different pay scales, as shown below.
| Property Manager | Broker | |
| Average salary | $49,958 | $124,861 |
| Salary range | Between $34,000 And $72,000 | Between $68,000 And $227,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New Jersey | New York |
| Best paying company | Nokia | Child Guidance & Family Solutions |
| Best paying industry | Professional | Insurance |
There are a few differences between a property manager and a broker in terms of educational background:
| Property Manager | Broker | |
| Most common degree | Bachelor's Degree, 50% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Southern California |
Here are the differences between property managers' and brokers' demographics:
| Property Manager | Broker | |
| Average age | 48 | 49 |
| Gender ratio | Male, 38.1% Female, 61.9% | Male, 63.8% Female, 36.2% |
| Race ratio | Black or African American, 8.5% Unknown, 4.1% Hispanic or Latino, 17.6% Asian, 5.3% White, 63.9% American Indian and Alaska Native, 0.6% | Black or African American, 5.3% Unknown, 4.3% Hispanic or Latino, 13.2% Asian, 6.9% White, 70.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 12% | 13% |