Post job

Real estate broker vs broker realtor

The differences between real estate brokers and broker realtors 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 $40,805 average annual salary of a broker realtor.

The top three skills for a real estate broker include real estate sales, purchase agreements and financial resources. The most important skills for a broker realtor are purchase agreements, real estate sales, and sales contracts.

Real estate broker vs broker realtor overview

Real Estate BrokerBroker Realtor
Yearly salary$80,250$40,805
Hourly rate$38.58$19.62
Growth rate5%5%
Number of jobs19,1518,885
Job satisfaction--
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 65%
Average age4949
Years of experience--

Real estate broker vs broker realtor salary

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

Real Estate BrokerBroker Realtor
Average salary$80,250$40,805
Salary rangeBetween $56,000 And $114,000Between $27,000 And $60,000
Highest paying CityNew York, NY-
Highest paying stateNew York-
Best paying companyVillage Real Estate-
Best paying industryFinance-

Differences between real estate broker and broker realtor education

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

Real Estate BrokerBroker Realtor
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 65%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Real estate broker vs broker realtor demographics

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

Real Estate BrokerBroker Realtor
Average age4949
Gender ratioMale, 54.3% Female, 45.7%Male, 42.7% Female, 57.3%
Race ratioBlack 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, 5.4% Unknown, 4.3% Hispanic or Latino, 13.6% Asian, 7.0% White, 69.4% American Indian and Alaska Native, 0.3%
LGBT Percentage13%13%

Differences between real estate broker and broker realtor duties and responsibilities

Real estate broker example responsibilities.

  • Manage all accounting, cash management, budgeting and financing for individual LLC's and for corporate entity.
  • Prepare all marketing materials, coordinate closings, enter necessary data into the MLS to ensure homes are represent correctly
  • Review, analyze and process moderately complex homeowner property, contents and liability claims within assign work with REO properties.
  • Stabilize operations and financial performance of underperforming properties, directing investors in maximizing value and/or divesting assets to optimize ROI.
  • Process the movement of funds and equities.
  • Prepare and submit probate and administration petitions.
  • Show more

Broker realtor example responsibilities.

  • Manage advertisements, taxes, office procedures, licenses, MLS data and all aspects of managing office.
  • Manage all accounting, cash management, budgeting and financing for individual LLC's and for corporate entity.
  • Mitigate rapid sales decline when economic trends shift by adding REO properties and short sales to inventory.
  • Experience in REO properties which includes continuous preservation, maintenance, capital repairs, marketing and sales.
  • Identify data trends in a volatile market and analyze data from MLS to develop and evaluate marketing strategy and implement solutions.
  • Develop and execute sales/marketing programs and general sales solutions resulting in increase company exposure, customer traffic, and sales production.
  • Show more

Real estate broker vs broker realtor skills

Common real estate broker skills
  • Real Estate Sales, 14%
  • Purchase Agreements, 11%
  • Financial Resources, 8%
  • Property Management, 7%
  • Open Houses, 5%
  • Client Relationships, 4%
Common broker realtor skills
  • Purchase Agreements, 16%
  • Real Estate Sales, 14%
  • Sales Contracts, 9%
  • Comparative Market Analysis, 6%
  • Open Houses, 5%
  • Property Management, 4%