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The differences between real estate agents and real estate brokers 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 $80,250 average annual salary of a real estate broker.
The top three skills for a real estate agent include customer service, real estate license and excellent interpersonal. The most important skills for a real estate broker are real estate sales, purchase agreements, and financial resources.
| Real Estate Agent | Real Estate Broker | |
| Yearly salary | $91,788 | $80,250 |
| Hourly rate | $44.13 | $38.58 |
| Growth rate | 5% | 5% |
| Number of jobs | 41,399 | 19,151 |
| Job satisfaction | 4 | - |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 65% |
| 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.
Real estate appraisers are unique in that many of them are self-employed. Nevertheless, it is a career that will require an enterprising, inquisitive, and motivated personality, as well as impartiality and unbiased nature. Appraisers will provide objective opinions on the value of properties, as well as assist the owners/managers/investors for real estate. They must also verify legal real estate records, inspect properties, photograph interior and exterior structures, and prepare and maintain written reports on property values.
Real estate agents and real estate brokers have different pay scales, as shown below.
| Real Estate Agent | Real Estate Broker | |
| Average salary | $91,788 | $80,250 |
| Salary range | Between $66,000 And $126,000 | Between $56,000 And $114,000 |
| Highest paying City | Long Beach, NY | New York, NY |
| Highest paying state | West Virginia | New York |
| Best paying company | Santa Clara Valley Water District | Village Real Estate |
| Best paying industry | Finance | Finance |
There are a few differences between a real estate agent and a real estate broker in terms of educational background:
| Real Estate Agent | Real Estate Broker | |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | - | University of Southern California |
Here are the differences between real estate agents' and real estate brokers' demographics:
| Real Estate Agent | Real Estate Broker | |
| Average age | 49 | 49 |
| Gender ratio | Male, 43.4% Female, 56.6% | Male, 54.3% Female, 45.7% |
| 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, 5.3% Unknown, 4.3% Hispanic or Latino, 13.2% Asian, 6.9% White, 70.0% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 13% | 13% |