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The differences between real estate agents and real estate consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a real estate consultant has an average salary of $92,358, which is higher than the $91,788 average annual salary of a real estate agent.
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 consultant are customer service, real estate market, and project management.
| Real Estate Agent | Real Estate Consultant | |
| Yearly salary | $91,788 | $92,358 |
| Hourly rate | $44.13 | $44.40 |
| Growth rate | 5% | 5% |
| Number of jobs | 41,399 | 22,428 |
| Job satisfaction | 4 | 4 |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 67% |
| 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 consultant is an individual who provides specialized investment and financial advice to clients who are looking to buy, sell, or invest in property. A real estate consultant must provide as many details as possible so that the client can make their decision and avoid problems in the process. They provide clients with value-added services such as asset management, market analysis, and lease management. Real estate consultants must also work with a variety of clients, including construction companies, business owners, or third-party investors.
Real estate agents and real estate consultants have different pay scales, as shown below.
| Real Estate Agent | Real Estate Consultant | |
| Average salary | $91,788 | $92,358 |
| Salary range | Between $66,000 And $126,000 | Between $61,000 And $138,000 |
| Highest paying City | Long Beach, NY | Boston, MA |
| Highest paying state | West Virginia | Massachusetts |
| Best paying company | Santa Clara Valley Water District | Marcus & Millichap |
| Best paying industry | Finance | Finance |
There are a few differences between a real estate agent and a real estate consultant in terms of educational background:
| Real Estate Agent | Real Estate Consultant | |
| Most common degree | Bachelor's Degree, 59% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between real estate agents' and real estate consultants' demographics:
| Real Estate Agent | Real Estate Consultant | |
| Average age | 49 | 49 |
| Gender ratio | Male, 43.4% Female, 56.6% | Male, 61.5% Female, 38.5% |
| 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, 13.5% Asian, 7.0% White, 69.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 13% | 13% |