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The differences between real estate agents and licensed realtors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a real estate agent has an average salary of $91,788, which is higher than the $38,029 average annual salary of a licensed realtor.
The top three skills for a real estate agent include customer service, real estate license and excellent interpersonal. The most important skills for a licensed realtor are residential real estate, purchase agreements, and lead generation.
| Real Estate Agent | Licensed Realtor | |
| Yearly salary | $91,788 | $38,029 |
| Hourly rate | $44.13 | $18.28 |
| Growth rate | 5% | 5% |
| Number of jobs | 41,399 | 17,429 |
| Job satisfaction | 4 | - |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 61% |
| Average age | 49 | 49 |
| Years of experience | - | - |
A real estate agent helps owners in the selling or renting of houses, land, offices, buildings, or any piece of property. They should be knowledgeable in the area they work in, which local properties are in the market, and the competitive prices for various properties. It is their responsibility to either market or sells in the best possible and reasonable price and conditions. Negotiating is a vital skill for real estate agents as they act as the middleman for buyers and sellers. Most agents bill the client with a percentage of the final sale price as the fee, but some would get a fixed commission for every sale.
A real estate agent is responsible for helping a client sell, rent, or buy a property such as land, houses, and buildings according to what they want. They are the ones who give accurate guidance and advice to clients on how they can sell or promote their property in the market. Agents also work with clients to negotiate pricing. The real estate agent checks and sees to it that all documents and other information needed are furnished to ensure the seller's credibility and truthfulness.
Real estate agents and licensed realtors have different pay scales, as shown below.
| Real Estate Agent | Licensed Realtor | |
| Average salary | $91,788 | $38,029 |
| Salary range | Between $66,000 And $126,000 | Between $27,000 And $52,000 |
| Highest paying City | Long Beach, NY | Austin, TX |
| Highest paying state | West Virginia | New York |
| Best paying company | Santa Clara Valley Water District | Paññã |
| Best paying industry | Finance | Real Estate |
There are a few differences between a real estate agent and a licensed realtor in terms of educational background:
| Real Estate Agent | Licensed Realtor | |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between real estate agents' and licensed realtors' demographics:
| Real Estate Agent | Licensed Realtor | |
| Average age | 49 | 49 |
| Gender ratio | Male, 43.4% Female, 56.6% | Male, 38.3% Female, 61.7% |
| Race ratio | Black or African American, 5.2% Unknown, 4.3% Hispanic or Latino, 13.0% Asian, 6.8% White, 70.3% American Indian and Alaska Native, 0.3% | Black or African American, 5.4% Unknown, 4.3% Hispanic or Latino, 13.4% Asian, 6.9% White, 69.6% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 13% | 13% |