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Real estate broker vs real estate broker associate

The differences between real estate brokers and real estate broker associates can be seen in a few details. Each job has different responsibilities and duties. Additionally, a real estate broker associate has an average salary of $83,167, which is higher than the $80,250 average annual salary of a real estate broker.

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 broker associate are purchase agreements, real estate, and market trends.

Real estate broker vs real estate broker associate overview

Real Estate BrokerReal Estate Broker Associate
Yearly salary$80,250$83,167
Hourly rate$38.58$39.98
Growth rate5%5%
Number of jobs19,15118,996
Job satisfaction--
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 60%
Average age4949
Years of experience--

Real estate broker vs real estate broker associate salary

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

Real Estate BrokerReal Estate Broker Associate
Average salary$80,250$83,167
Salary rangeBetween $56,000 And $114,000Between $61,000 And $112,000
Highest paying CityNew York, NY-
Highest paying stateNew York-
Best paying companyVillage Real Estate-
Best paying industryFinance-

Differences between real estate broker and real estate broker associate education

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

Real Estate BrokerReal Estate Broker Associate
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 60%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Real estate broker vs real estate broker associate demographics

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

Real Estate BrokerReal Estate Broker Associate
Average age4949
Gender ratioMale, 54.3% Female, 45.7%Male, 47.3% Female, 52.7%
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, 5.4% 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 broker associate 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 broker associate example responsibilities.

  • Leverage an extensive business network to locate properties before they appear in the MLS, giving clients a competitive advantage.
  • Perform pricing, BPO and competitive market analysis.
  • Utilize MLS system, create CMA's; interface with title and mortgage companies to assure stream line closings.
  • Provide CMA's, and BPO's assist in appraisals and surveying, provide complete concierge and relocation services.
  • Stabilize operations and financial performance of underperforming properties, directing investors in maximizing value and/or divesting assets to optimize ROI.
  • Draft probate petition documents and administer probate estates.

Real estate broker vs real estate broker associate 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 broker associate skills
  • Purchase Agreements, 10%
  • Real Estate, 9%
  • Market Trends, 8%
  • Real Estate Market, 6%
  • Business Development, 6%
  • Client Relationships, 5%