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Real estate broker vs real estate account executive

The differences between real estate brokers and real estate account executives 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 $62,875 average annual salary of a real estate account executive.

The top three skills for a real estate broker include real estate sales, purchase agreements and financial resources. The most important skills for a real estate account executive are journal entries, financial reports, and yardi.

Real estate broker vs real estate account executive overview

Real Estate BrokerReal Estate Account Executive
Yearly salary$80,250$62,875
Hourly rate$38.58$30.23
Growth rate5%5%
Number of jobs19,151116,049
Job satisfaction--
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 77%
Average age4949
Years of experience--

What does a real estate broker do?

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.

What does a real estate account executive do?

Reading specialists require a plethora of skills, such as a background in grade school education, experience in helping struggling readers, language fluency, and reading comprehension. Responsibilities include teaching and evaluating instructions for students that need assistance in reading and writing. This may take place in both small groups and classroom settings.

Real estate broker vs real estate account executive salary

Real estate brokers and real estate account executives have different pay scales, as shown below.

Real Estate BrokerReal Estate Account Executive
Average salary$80,250$62,875
Salary rangeBetween $56,000 And $114,000Between $44,000 And $89,000
Highest paying CityNew York, NYWhite Plains, NY
Highest paying stateNew YorkNew York
Best paying companyVillage Real EstateGoogle
Best paying industryFinanceReal Estate

Differences between real estate broker and real estate account executive education

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

Real Estate BrokerReal Estate Account Executive
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 77%
Most common majorBusinessAccounting
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Real estate broker vs real estate account executive demographics

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

Real Estate BrokerReal Estate Account Executive
Average age4949
Gender ratioMale, 54.3% Female, 45.7%Male, 47.7% Female, 52.3%
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, 13.4% Asian, 6.9% White, 69.6% American Indian and Alaska Native, 0.3%
LGBT Percentage13%13%

Differences between real estate broker and real estate account executive 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

Real estate account executive example responsibilities.

  • Accomplish a deep understanding and application of MRI and Yardi accounting systems.
  • Achieve all sales targets for SaaS product targeting service-base businesses requiring an automate customer retention and relationship management tool.
  • Prepare accounts payable, accounts receivable, general ledger entries, bond amortizations, fund accounting and depreciation schedules via Yardi.
  • Analyze and prepare monthly GAAP financial statements, including all supporting schedules as required.
  • Analyze and reimburse year-end expense reconciliations from landlords, delegating reconciliation research to staff as able.
  • Perform reconciliations, periodic reporting and preparation of year end statements for wholly own real estate portfolio.
  • Show more

Real estate broker vs real estate account executive 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 real estate account executive skills
  • Journal Entries, 12%
  • Financial Reports, 10%
  • Yardi, 9%
  • GAAP, 9%
  • Financial Analysis, 9%
  • Reconciliations, 8%