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The differences between real estate brokers and associate brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a real estate broker has an average salary of $80,250, which is higher than the $64,361 average annual salary of an associate broker.
The top three skills for a real estate broker include real estate sales, purchase agreements and financial resources. The most important skills for an associate broker are excellent client, real estate sales, and financial resources.
| Real Estate Broker | Associate Broker | |
| Yearly salary | $80,250 | $64,361 |
| Hourly rate | $38.58 | $30.94 |
| Growth rate | 5% | 5% |
| Number of jobs | 19,151 | 8,836 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 65% |
| Average age | 49 | 49 |
| Years of experience | - | - |
Real estate appraisers are unique in that many of them are self-employed. Nevertheless, it is a career that will require an enterprising, inquisitive, and motivated personality, as well as impartiality and unbiased nature. Appraisers will provide objective opinions on the value of properties, as well as assist the owners/managers/investors for real estate. They must also verify legal real estate records, inspect properties, photograph interior and exterior structures, and prepare and maintain written reports on property values.
An Associate Broker demonstrates property to prospective homeowners and gives offers to sellers for consideration. Associate Brokers design real estate databases, maintain property data or blueprints and develop strategies for process improvement. They create MLS listings and establish and distribute advertising materials. Their job involves the incorporation of innovative marketing techniques like direct mail, print advertising, and intensive internet exposure. They also review and evaluate real estate transactions for quality control and accuracy.
Real estate brokers and associate brokers have different pay scales, as shown below.
| Real Estate Broker | Associate Broker | |
| Average salary | $80,250 | $64,361 |
| Salary range | Between $56,000 And $114,000 | Between $38,000 And $106,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Village Real Estate | Cushman & Wakefield |
| Best paying industry | Finance | Finance |
There are a few differences between a real estate broker and an associate broker in terms of educational background:
| Real Estate Broker | Associate Broker | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Southern California |
Here are the differences between real estate brokers' and associate brokers' demographics:
| Real Estate Broker | Associate Broker | |
| Average age | 49 | 49 |
| Gender ratio | Male, 54.3% Female, 45.7% | Male, 52.5% Female, 47.5% |
| Race ratio | Black or African American, 5.3% Unknown, 4.3% Hispanic or Latino, 13.2% Asian, 6.9% White, 70.0% 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 Percentage | 13% | 13% |