Post job

Real estate appraiser vs broker

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 vs broker overview

Real Estate AppraiserBroker
Yearly salary$54,616$124,861
Hourly rate$26.26$60.03
Growth rate7%5%
Number of jobs18,1572,770
Job satisfaction4-
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 66%
Average age4949
Years of experience4-

What does a real estate appraiser do?

Reading Teachers are specialists in helping individuals increase their reading and literacy levels. Their duties include implementing lessons appealing to different learning styles, diagnosing literacy disorders, and helping students overcome reading difficulties. Reading Teachers also monitor classrooms and common areas as well as communicate with parents on their child's reading progress. Their work can range from teaching young children to identify alphabets and pronounce correctly to assisting high school student in improving vocabulary and summary techniques. They participate in courses and seminars to keep updated with state standards and new teaching methodologies.

What does a broker do?

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 appraiser vs broker salary

Real estate appraisers and brokers have different pay scales, as shown below.

Real Estate AppraiserBroker
Average salary$54,616$124,861
Salary rangeBetween $37,000 And $80,000Between $68,000 And $227,000
Highest paying CityLas Vegas, NVNew York, NY
Highest paying stateNew JerseyNew York
Best paying companyJPMorgan Chase & Co.Child Guidance & Family Solutions
Best paying industryTechnologyInsurance

Differences between real estate appraiser and broker education

There are a few differences between a real estate appraiser and a broker in terms of educational background:

Real Estate AppraiserBroker
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 66%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Southern California

Real estate appraiser vs broker demographics

Here are the differences between real estate appraisers' and brokers' demographics:

Real Estate AppraiserBroker
Average age4949
Gender ratioMale, 66.5% Female, 33.5%Male, 63.8% Female, 36.2%
Race ratioBlack 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 Percentage8%13%

Differences between real estate appraiser and broker duties and responsibilities

Real estate appraiser example responsibilities.

  • Manage valuation disputes of clients with in-house or fee appraisers, submit BPO's/Appraisal reports error and concerns.
  • Produce high value appraisals for commercial and residential REO properties.
  • Work directly with senior real estate appraiser and MAI designate appraisers.
  • Assist and collaborate with a MAI on assignments including inspections and comparable selection.
  • Handle property value appeals from taxpayers and communicate with them to keep them inform.
  • Input measurements, photos, and data collect at inspection of residence into ACI program.
  • Show more

Broker example responsibilities.

  • Manage, lease and sell office condominiums on site.
  • Retail trader, fix income securities; manage client account activity; properly allocate client funds to appropriate investment options
  • Manage indexes, options, foreign equities, and short-selling positions that are compatible with clients' long-term investment goals.
  • Expand and maintain professional relationships with trading accounts including banks, hedge funds and portfolio managers.
  • Specialize in finding undervalue and/or overbought commodities by using fundamental and technical analysis that exist throughout the markets.
  • Install the oracle client for windows.
  • Show more

Real estate appraiser vs broker skills

Common real estate appraiser skills
  • Residential Real Estate, 18%
  • Real Estate Appraisals, 6%
  • Real Property, 5%
  • Residential Properties, 4%
  • Fair Market Value, 4%
  • Market Data, 4%
Common broker skills
  • Brokerage, 17%
  • Financial Services, 9%
  • Insurance Products, 7%
  • Risk Management, 6%
  • Client Relationships, 6%
  • Real Estate Transactions, 5%

Browse business and financial jobs