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The differences between real estate brokers and real estate consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a real estate consultant has an average salary of $92,358, 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 consultant are customer service, real estate market, and project management.
| Real Estate Broker | Real Estate Consultant | |
| Yearly salary | $80,250 | $92,358 |
| Hourly rate | $38.58 | $44.40 |
| Growth rate | 5% | 5% |
| Number of jobs | 19,151 | 22,428 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 67% |
| 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 consultant is an individual who provides specialized investment and financial advice to clients who are looking to buy, sell, or invest in property. A real estate consultant must provide as many details as possible so that the client can make their decision and avoid problems in the process. They provide clients with value-added services such as asset management, market analysis, and lease management. Real estate consultants must also work with a variety of clients, including construction companies, business owners, or third-party investors.
Real estate brokers and real estate consultants have different pay scales, as shown below.
| Real Estate Broker | Real Estate Consultant | |
| Average salary | $80,250 | $92,358 |
| Salary range | Between $56,000 And $114,000 | Between $61,000 And $138,000 |
| Highest paying City | New York, NY | Boston, MA |
| Highest paying state | New York | Massachusetts |
| Best paying company | Village Real Estate | Marcus & Millichap |
| Best paying industry | Finance | Finance |
There are a few differences between a real estate broker and a real estate consultant in terms of educational background:
| Real Estate Broker | Real Estate Consultant | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Southern California | - |
Here are the differences between real estate brokers' and real estate consultants' demographics:
| Real Estate Broker | Real Estate Consultant | |
| Average age | 49 | 49 |
| Gender ratio | Male, 54.3% Female, 45.7% | Male, 61.5% Female, 38.5% |
| 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% |