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Real estate broker vs real estate appraiser

The differences between real estate brokers and real estate appraisers 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 $54,616 average annual salary of a real estate appraiser.

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 appraiser are residential real estate, real estate appraisals, and real property.

Real estate broker vs real estate appraiser overview

Real Estate BrokerReal Estate Appraiser
Yearly salary$80,250$54,616
Hourly rate$38.58$26.26
Growth rate5%7%
Number of jobs19,15118,157
Job satisfaction-4
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 69%
Average age4949
Years of experience-4

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 appraiser do?

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Real estate broker vs real estate appraiser salary

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

Real Estate BrokerReal Estate Appraiser
Average salary$80,250$54,616
Salary rangeBetween $56,000 And $114,000Between $37,000 And $80,000
Highest paying CityNew York, NYLas Vegas, NV
Highest paying stateNew YorkNew Jersey
Best paying companyVillage Real EstateJPMorgan Chase & Co.
Best paying industryFinanceTechnology

Differences between real estate broker and real estate appraiser education

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

Real Estate BrokerReal Estate Appraiser
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 69%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern CaliforniaUniversity of Pennsylvania

Real estate broker vs real estate appraiser demographics

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

Real Estate BrokerReal Estate Appraiser
Average age4949
Gender ratioMale, 54.3% Female, 45.7%Male, 66.5% Female, 33.5%
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, 4.7% Unknown, 3.9% Hispanic or Latino, 6.9% Asian, 2.9% White, 81.1% American Indian and Alaska Native, 0.4%
LGBT Percentage13%8%

Differences between real estate broker and real estate appraiser 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.
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Real estate appraiser example responsibilities.

  • Manage valuation disputes of clients with in-house or fee appraisers, submit BPO's/Appraisal reports error and concerns.
  • Produce high value appraisals for commercial and residential REO properties.
  • Work directly with senior real estate appraiser and MAI designate appraisers.
  • Assist and collaborate with a MAI on assignments including inspections and comparable selection.
  • Handle property value appeals from taxpayers and communicate with them to keep them inform.
  • Input measurements, photos, and data collect at inspection of residence into ACI program.
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Real estate broker vs real estate appraiser 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 appraiser skills
  • Residential Real Estate, 18%
  • Real Estate Appraisals, 6%
  • Real Property, 5%
  • Residential Properties, 4%
  • Fair Market Value, 4%
  • Market Data, 4%