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The differences between real estate appraisers and brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a broker has an average salary of $124,861, which is higher than the $54,616 average annual salary of a real estate appraiser.
The top three skills for a real estate appraiser include residential real estate, real estate appraisals and real property. The most important skills for a broker are brokerage, financial services, and insurance products.
| Real Estate Appraiser | Broker | |
| Yearly salary | $54,616 | $124,861 |
| Hourly rate | $26.26 | $60.03 |
| Growth rate | 7% | 5% |
| Number of jobs | 18,157 | 2,770 |
| Job satisfaction | 4 | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 66% |
| Average age | 49 | 49 |
| Years of experience | 4 | - |
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Brokers can either be a firm or an individual acting as an intermediary between a securities exchange and an investor. They often provide services to individual investors and traders who cannot engage directly with security exchanges, which only accept orders from their members. They provide investors and traders with an investment plan, market intelligence, and research. They may cross-sell some financial services and products offered by their brokerage firms. They are also typically classified as discount or full-service brokers.
Real estate appraisers and brokers have different pay scales, as shown below.
| Real Estate Appraiser | Broker | |
| Average salary | $54,616 | $124,861 |
| Salary range | Between $37,000 And $80,000 | Between $68,000 And $227,000 |
| Highest paying City | Las Vegas, NV | New York, NY |
| Highest paying state | New Jersey | New York |
| Best paying company | JPMorgan Chase & Co. | Child Guidance & Family Solutions |
| Best paying industry | Technology | Insurance |
There are a few differences between a real estate appraiser and a broker in terms of educational background:
| Real Estate Appraiser | Broker | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Southern California |
Here are the differences between real estate appraisers' and brokers' demographics:
| Real Estate Appraiser | Broker | |
| Average age | 49 | 49 |
| Gender ratio | Male, 66.5% Female, 33.5% | Male, 63.8% Female, 36.2% |
| Race ratio | Black or African American, 4.7% Unknown, 3.9% Hispanic or Latino, 6.9% Asian, 2.9% White, 81.1% American Indian and Alaska Native, 0.4% | Black or African American, 5.3% Unknown, 4.3% Hispanic or Latino, 13.2% Asian, 6.9% White, 70.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 8% | 13% |