Post job

Real estate broker vs buyer broker

The differences between real estate brokers and buyer 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 $55,572 average annual salary of a buyer broker.

Real estate broker vs buyer broker overview

Real Estate BrokerBuyer Broker
Yearly salary$80,250$55,572
Hourly rate$38.58$26.72
Growth rate5%5%
Number of jobs19,15110,633
Job satisfaction--
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 55%
Average age4949
Years of experience--

Real estate broker vs buyer broker salary

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

Real Estate BrokerBuyer Broker
Average salary$80,250$55,572
Salary rangeBetween $56,000 And $114,000Between $38,000 And $79,000
Highest paying CityNew York, NYMilwaukee, WI
Highest paying stateNew YorkNew York
Best paying companyVillage Real Estate-
Best paying industryFinance-

Differences between real estate broker and buyer broker education

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

Real Estate BrokerBuyer Broker
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 55%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Real estate broker vs buyer broker demographics

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

Real Estate BrokerBuyer Broker
Average age4949
Gender ratioMale, 54.3% Female, 45.7%Male, 60.3% Female, 39.7%
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, 5.3% Unknown, 4.3% Hispanic or Latino, 13.3% Asian, 6.9% White, 69.9% American Indian and Alaska Native, 0.3%
LGBT Percentage13%13%

Differences between real estate broker and buyer broker 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

Buyer broker example responsibilities.

  • Manage, lease and sell office condominiums on site.
  • Solicit profitable freight brokerage business by marketing transportation capability via direct sales calls, telephone and direct mail marketing activity.
  • Work with clients to finalize the purchase of new and existing condominiums sell at OwnACondo.com.

Real estate broker vs buyer broker 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 buyer broker skills