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Real estate broker associate vs real estate closer

The differences between real estate broker associates and real estate closers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a real estate broker associate has an average salary of $83,167, which is higher than the $38,896 average annual salary of a real estate closer.

The top three skills for a real estate broker associate include purchase agreements, real estate and market trends. The most important skills for a real estate closer are escrow, settlement statements, and data entry.

Real estate broker associate vs real estate closer overview

Real Estate Broker AssociateReal Estate Closer
Yearly salary$83,167$38,896
Hourly rate$39.98$18.70
Growth rate5%5%
Number of jobs18,99620,016
Job satisfaction--
Most common degreeBachelor's Degree, 60%Bachelor's Degree, 48%
Average age4949
Years of experience--

Real estate broker associate vs real estate closer salary

Real estate broker associates and real estate closers have different pay scales, as shown below.

Real Estate Broker AssociateReal Estate Closer
Average salary$83,167$38,896
Salary rangeBetween $61,000 And $112,000Between $26,000 And $57,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Citi
Best paying industry--

Differences between real estate broker associate and real estate closer education

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

Real Estate Broker AssociateReal Estate Closer
Most common degreeBachelor's Degree, 60%Bachelor's Degree, 48%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Real estate broker associate vs real estate closer demographics

Here are the differences between real estate broker associates' and real estate closers' demographics:

Real Estate Broker AssociateReal Estate Closer
Average age4949
Gender ratioMale, 47.3% Female, 52.7%Male, 33.4% Female, 66.6%
Race ratioBlack 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%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 Percentage13%13%

Differences between real estate broker associate and real estate closer duties and responsibilities

Real estate broker associate example responsibilities.

  • Leverage an extensive business network to locate properties before they appear in the MLS, giving clients a competitive advantage.
  • Perform pricing, BPO and competitive market analysis.
  • Utilize MLS system, create CMA's; interface with title and mortgage companies to assure stream line closings.
  • Provide CMA's, and BPO's assist in appraisals and surveying, provide complete concierge and relocation services.
  • Stabilize operations and financial performance of underperforming properties, directing investors in maximizing value and/or divesting assets to optimize ROI.
  • Draft probate petition documents and administer probate estates.

Real estate closer example responsibilities.

  • Manage all accounting, cash management, budgeting and financing for individual LLC's and for corporate entity.
  • Select, prepare, analyze, track and assemble required documentation in accordance with VA, FHA and conventional guidelines.
  • Stabilize operations and financial performance of underperforming properties, directing investors in maximizing value and/or divesting assets to optimize ROI.
  • Implement sales training courses for FHA/VA and all community/bond lending for company's loan officers
  • Follow up on delinquent tenants and coordinate collection procedures including court evictions.

Real estate broker associate vs real estate closer skills

Common real estate broker associate skills
  • Purchase Agreements, 10%
  • Real Estate, 9%
  • Market Trends, 8%
  • Real Estate Market, 6%
  • Business Development, 6%
  • Client Relationships, 5%
Common real estate closer skills
  • Escrow, 13%
  • Settlement Statements, 6%
  • Data Entry, 6%
  • Property Management, 5%
  • Mortgage Loans, 5%
  • Real Estate Closings, 5%