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Real estate broker vs real estate consultant

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 vs real estate consultant overview

Real Estate BrokerReal Estate Consultant
Yearly salary$80,250$92,358
Hourly rate$38.58$44.40
Growth rate5%5%
Number of jobs19,15122,428
Job satisfaction-4
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 67%
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 consultant do?

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 broker vs real estate consultant salary

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

Real Estate BrokerReal Estate Consultant
Average salary$80,250$92,358
Salary rangeBetween $56,000 And $114,000Between $61,000 And $138,000
Highest paying CityNew York, NYBoston, MA
Highest paying stateNew YorkMassachusetts
Best paying companyVillage Real EstateMarcus & Millichap
Best paying industryFinanceFinance

Differences between real estate broker and real estate consultant education

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

Real Estate BrokerReal Estate Consultant
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 67%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern California-

Real estate broker vs real estate consultant demographics

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

Real Estate BrokerReal Estate Consultant
Average age4949
Gender ratioMale, 54.3% Female, 45.7%Male, 61.5% Female, 38.5%
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, 5.4% Unknown, 4.3% Hispanic or Latino, 13.5% Asian, 7.0% White, 69.5% American Indian and Alaska Native, 0.3%
LGBT Percentage13%13%

Differences between real estate broker and real estate consultant 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 consultant example responsibilities.

  • Manage all accounting, cash management, budgeting and financing for individual LLC's and for corporate entity.
  • Help to initiate partnership with Fannie Mae to monitor and sell their REO homes.
  • Develop PowerPoint presentations and marketing materials to maximize potential client's interest.
  • Create and deliver sales presentation for perspective clients, including PowerPoint presentation specific for the individual and property.
  • Develop and execute sales/marketing programs and general sales solutions resulting in increase company exposure, customer traffic, and sales production.
  • Train on the MLS, and all state approve contracts and systems.
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Real estate broker vs real estate consultant 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 consultant skills
  • Customer Service, 11%
  • Real Estate Market, 9%
  • Project Management, 6%
  • Financial Analysis, 5%
  • PowerPoint, 5%
  • Real Estate Sales, 5%