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The differences between real estate brokers and real estate closers 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 $38,896 average annual salary of a real estate closer.
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 closer are escrow, settlement statements, and data entry.
| Real Estate Broker | Real Estate Closer | |
| Yearly salary | $80,250 | $38,896 |
| Hourly rate | $38.58 | $18.70 |
| Growth rate | 5% | 5% |
| Number of jobs | 19,151 | 20,016 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 48% |
| Average age | 49 | 49 |
| 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.
A real estate closer is primarily in charge of closing real estate sales, liaising with buyers and sellers most of the time. Their responsibilities typically include preparing and processing legal documents, coordinating with attorneys, delivering paperwork to all parties, and completing all requirements. They must also schedule inspections, appraisals, regular maintenance checks, and repairs when necessary. Furthermore, as a real estate closer, it is essential to maintain an active communication line with all parties involved in real estate sales, all while adhering to the company's policies and regulations.
Real estate brokers and real estate closers have different pay scales, as shown below.
| Real Estate Broker | Real Estate Closer | |
| Average salary | $80,250 | $38,896 |
| Salary range | Between $56,000 And $114,000 | Between $26,000 And $57,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Village Real Estate | Citi |
| Best paying industry | Finance | - |
There are a few differences between a real estate broker and a real estate closer in terms of educational background:
| Real Estate Broker | Real Estate Closer | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 48% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Southern California |
Here are the differences between real estate brokers' and real estate closers' demographics:
| Real Estate Broker | Real Estate Closer | |
| Average age | 49 | 49 |
| Gender ratio | Male, 54.3% Female, 45.7% | Male, 33.4% Female, 66.6% |
| 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, 5.4% Unknown, 4.3% Hispanic or Latino, 13.5% Asian, 7.0% White, 69.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 13% | 13% |