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The differences between real estate brokers and licensed agents 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 $42,315 average annual salary of a licensed agent.
The top three skills for a real estate broker include real estate sales, purchase agreements and financial resources. The most important skills for a licensed agent are HIPAA, customer service, and inbound calls.
| Real Estate Broker | Licensed Agent | |
| Yearly salary | $80,250 | $42,315 |
| Hourly rate | $38.58 | $20.34 |
| Growth rate | 5% | 6% |
| Number of jobs | 19,151 | 68,666 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 52% |
| Average age | 49 | 46 |
| 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.
Licensed Agents act as authorized brokers acting on behalf of an individual owner or organization in selling a product, service, or property. There are many different pathways a licensed agent can delve into, such as in real estate, insurance, and banking. For instance, a real estate agent uses its license to be able to sell and rent properties. Their duties include gathering property information, evaluating property estimates, marketing properties, and represent sellers in the process of negotiation. They seek prospective buyers, monitor the sale process between stakeholders, and reach a mutually agreed price.
Real estate brokers and licensed agents have different pay scales, as shown below.
| Real Estate Broker | Licensed Agent | |
| Average salary | $80,250 | $42,315 |
| Salary range | Between $56,000 And $114,000 | Between $28,000 And $62,000 |
| Highest paying City | New York, NY | Kirkland, WA |
| Highest paying state | New York | Alaska |
| Best paying company | Village Real Estate | HPOne |
| Best paying industry | Finance | Insurance |
There are a few differences between a real estate broker and a licensed agent in terms of educational background:
| Real Estate Broker | Licensed Agent | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 52% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Pennsylvania |
Here are the differences between real estate brokers' and licensed agents' demographics:
| Real Estate Broker | Licensed Agent | |
| Average age | 49 | 46 |
| Gender ratio | Male, 54.3% Female, 45.7% | Male, 41.3% Female, 58.7% |
| 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, 9.2% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.4% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 13% | 7% |