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The differences between real estate administrators and real estate management specialists 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 real estate management specialist. Additionally, a real estate management specialist has an average salary of $93,166, which is higher than the $50,512 average annual salary of a real estate administrator.
The top three skills for a real estate administrator include customer service, administrative tasks and management reports. The most important skills for a real estate management specialist are customer service, customer satisfaction, and residential real estate.
| Real Estate Administrator | Real Estate Management Specialist | |
| Yearly salary | $50,512 | $93,166 |
| Hourly rate | $24.28 | $44.79 |
| Growth rate | 3% | 3% |
| Number of jobs | 68,990 | 74,675 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 64% |
| 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.
A real estate management specialist is in charge of developing strategies to optimize real estate operations, ensuring efficiency and smooth workflow. Their responsibilities revolve around overseeing the real estate operations, supervising staff, devising strategies to reach out to potential tenants, and liaising with contractors and other external parties. They may also participate in conducting risk assessments, evaluating lease applications, performing inspections, and producing progress reports and presentations. Furthermore, as a real estate management specialist, it is essential to coordinate with teams and implement the company's policies and regulations.
Real estate administrators and real estate management specialists have different pay scales, as shown below.
| Real Estate Administrator | Real Estate Management Specialist | |
| Average salary | $50,512 | $93,166 |
| Salary range | Between $38,000 And $66,000 | Between $66,000 And $130,000 |
| Highest paying City | - | Baltimore, MD |
| Highest paying state | - | Connecticut |
| Best paying company | - | |
| Best paying industry | - | Finance |
There are a few differences between a real estate administrator and a real estate management specialist in terms of educational background:
| Real Estate Administrator | Real Estate Management Specialist | |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 64% |
| 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 real estate management specialists' demographics:
| Real Estate Administrator | Real Estate Management Specialist | |
| Average age | 48 | 48 |
| Gender ratio | Male, 18.3% Female, 81.7% | Male, 46.2% Female, 53.8% |
| 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, 8.8% Unknown, 4.1% Hispanic or Latino, 17.1% Asian, 5.3% White, 64.0% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |