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The differences between property managers and realtors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a property manager has an average salary of $49,958, which is higher than the $38,290 average annual salary of a realtor.
The top three skills for a property manager include customer service, property management and financial reports. The most important skills for a realtor are residential real estate, open houses, and purchase agreements.
| Property Manager | Realtor | |
| Yearly Salary | $49,958 | $38,290 |
| Hourly rate | $24.02 | $18.41 |
| Growth Rate | 3% | 5% |
| Number Of Jobs | 15,402 | 7,482 |
| Job Satisfaction | 5 | - |
| Most Common Degree | Bachelor's Degree, 50% | Bachelor's Degree, 60% |
| 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.
A realtor is responsible for processing real estate transactions and assisting clients with their concerns and inquiries about a specific property. A realtor should always work for their clients' best interests, ensuring that proposals work within the client's specified budget and property goals. A realtor will also consider the security of a property location before a recommendation to ensure the client's safety and comfort. Realtors must finalize records of cost estimates and purchase agreements, which are essential in choosing the best property.
Property managers and realtors have different pay scales, as shown below.
| Property Manager | Realtor | |
| Average Salary | $49,958 | $38,290 |
| Salary Range | Between $34,000 And $72,000 | Between $27,000 And $53,000 |
| Highest Paying City | New York, NY | San Antonio, TX |
| Highest Paying State | New Jersey | Connecticut |
| Best Paying Company | Nokia | Berkshire Hathaway Homeservices Alliance Real Estate |
| Best Paying Industry | Professional | Real Estate |
There are a few differences between a property manager and a realtor in terms of educational background:
| Property Manager | Realtor | |
| Most Common Degree | Bachelor's Degree, 50% | Bachelor's Degree, 60% |
| Most Common Major | Business | Business |
| Most Common College | University of Southern California | - |
Here are the differences between property managers' and realtors' demographics:
| Property Manager | Realtor | |
| Average Age | 48 | 49 |
| Gender Ratio | Male, 38.1% Female, 61.9% | Male, 40.2% Female, 59.8% |
| 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, 13.3% Asian, 6.9% White, 69.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 12% | 13% |