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Real estate broker associate vs realtor

The differences between real estate broker associates and realtors 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 $38,290 average annual salary of a realtor.

The top three skills for a real estate broker associate include purchase agreements, real estate and market trends. The most important skills for a realtor are residential real estate, open houses, and purchase agreements.

Real estate broker associate vs realtor overview

Real Estate Broker AssociateRealtor
Yearly salary$83,167$38,290
Hourly rate$39.98$18.41
Growth rate5%5%
Number of jobs18,9967,482
Job satisfaction--
Most common degreeBachelor's Degree, 60%Bachelor's Degree, 60%
Average age4949
Years of experience--

Real estate broker associate vs realtor salary

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

Real Estate Broker AssociateRealtor
Average salary$83,167$38,290
Salary rangeBetween $61,000 And $112,000Between $27,000 And $53,000
Highest paying City-San Antonio, TX
Highest paying state-Connecticut
Best paying company-Berkshire Hathaway Homeservices Alliance Real Estate
Best paying industry-Real Estate

Differences between real estate broker associate and realtor education

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

Real Estate Broker AssociateRealtor
Most common degreeBachelor's Degree, 60%Bachelor's Degree, 60%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern California-

Real estate broker associate vs realtor demographics

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

Real Estate Broker AssociateRealtor
Average age4949
Gender ratioMale, 47.3% Female, 52.7%Male, 40.2% Female, 59.8%
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, 5.3% Unknown, 4.3% Hispanic or Latino, 13.3% Asian, 6.9% White, 69.8% American Indian and Alaska Native, 0.3%
LGBT Percentage13%13%

Differences between real estate broker associate and realtor 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.

Realtor example responsibilities.

  • Process funds and manage accounts through QuickBooks.
  • Manage scheduling and develop computer reports and MLS listings, create PowerPoint presentations, marketing materials and handle advertising.
  • Place and remove signs & lockboxes.
  • Make entries into QuickBooks; reconcile monthly bank statements.
  • Install yard signs, directional signs and lockboxes on each listing.
  • Coordinate social media advertisements by posting updates to Facebook, LinkedIn, and Pinterest accounts.
  • Show more

Real estate broker associate vs realtor 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 realtor skills
  • Residential Real Estate, 22%
  • Open Houses, 9%
  • Purchase Agreements, 6%
  • Comparative Market Analysis, 5%
  • Real Estate Sales, 4%
  • Real Estate Contracts, 4%