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The differences between real estate administrators and property managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a real estate administrator and a property manager. Additionally, a real estate administrator has an average salary of $50,512, which is higher than the $49,958 average annual salary of a property manager.
The top three skills for a real estate administrator include customer service, administrative tasks and management reports. The most important skills for a property manager are customer service, property management, and financial reports.
| Real Estate Administrator | Property Manager | |
| Yearly salary | $50,512 | $49,958 |
| Hourly rate | $24.28 | $24.02 |
| Growth rate | 3% | 3% |
| Number of jobs | 68,990 | 15,402 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 50% |
| Average age | 48 | 48 |
| Years of experience | 6 | 6 |
A real estate administrator is responsible for performing administrative and clerical duties to assist real estate agents in closing property sales and manage clients' real estate documents. Real estate administrators connect with clients to schedule appointments, inform them of any updates, and write transaction reports. They also join the real estate agents in the property inspection to ensure the location's safety and security according to the clients' requirements. A real estate administrator must have excellent communication and organizational skills, especially in sorting files and documents and coordinating transactions.
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.
Real estate administrators and property managers have different pay scales, as shown below.
| Real Estate Administrator | Property Manager | |
| Average salary | $50,512 | $49,958 |
| Salary range | Between $38,000 And $66,000 | Between $34,000 And $72,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | New Jersey |
| Best paying company | - | Nokia |
| Best paying industry | - | Professional |
There are a few differences between a real estate administrator and a property manager in terms of educational background:
| Real Estate Administrator | Property Manager | |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 50% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Southern California |
Here are the differences between real estate administrators' and property managers' demographics:
| Real Estate Administrator | Property Manager | |
| Average age | 48 | 48 |
| Gender ratio | Male, 18.3% Female, 81.7% | Male, 38.1% Female, 61.9% |
| Race ratio | Black or African American, 8.4% Unknown, 4.1% Hispanic or Latino, 17.3% Asian, 5.2% White, 64.3% American Indian and Alaska Native, 0.6% | 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% |
| LGBT Percentage | 12% | 12% |