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Real estate consultant vs agent

The differences between real estate consultants and agents 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 $37,864 average annual salary of an agent.

The top three skills for a real estate consultant include customer service, real estate market and project management. The most important skills for an agent are insurance products, customer service, and life insurance.

Real estate consultant vs agent overview

Real Estate ConsultantAgent
Yearly salary$92,358$37,864
Hourly rate$44.40$18.20
Growth rate5%6%
Number of jobs22,428184,325
Job satisfaction42
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 44%
Average age4946
Years of experience--

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.

What does an agent do?

Agents are individuals who are employed by their clients to represent them in various dealings. Agents are usually employed by people in the show business industry, such as actors, writers, or directors. They meet people who are interested in dealing with their clients. They listen to the plans and vision for the project and assess if the project fits their clients' interests or public image. In the case of agents whose clients are actors, they send their clients to auditions upon review of the project details. Agents are also responsible for negotiating terms on behalf of their clients, such as salary, royalties, and set benefits, among others. They also inform the project leaders of their clients' demands on set. Agents are expected to be business-savvy and good negotiators.

Real estate consultant vs agent salary

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

Real Estate ConsultantAgent
Average salary$92,358$37,864
Salary rangeBetween $61,000 And $138,000Between $19,000 And $72,000
Highest paying CityBoston, MANew York, NY
Highest paying stateMassachusettsNew York
Best paying companyMarcus & MillichapLatham & Watkins
Best paying industryFinance-

Differences between real estate consultant and agent education

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

Real Estate ConsultantAgent
Most common degreeBachelor's Degree, 67%Bachelor's Degree, 44%
Most common majorBusinessBusiness
Most common college-University of Pennsylvania

Real estate consultant vs agent demographics

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

Real Estate ConsultantAgent
Average age4946
Gender ratioMale, 61.5% Female, 38.5%Male, 50.5% Female, 49.5%
Race ratioBlack 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%Black or African American, 9.2% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.4% American Indian and Alaska Native, 0.1%
LGBT Percentage13%7%

Differences between real estate consultant and agent duties and responsibilities

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.
  • Show more

Agent example responsibilities.

  • Schedule and meet individuals\groups for assign or self-generate leads, assist and enroll eligible individuals in suitable Medicare product.
  • Verify documentation and coding using CPT and ICD-9 correct coding standards.
  • Assist TANF customers with obtaining employment.
  • Direct compliance with all CPT and Medicare guidelines.
  • Train BDC representatives on phone skills and CRM use.
  • Bill appropriate ICD-9 codes to the correct insurance companies.
  • Show more

Real estate consultant vs agent skills

Common real estate consultant skills
  • Customer Service, 11%
  • Real Estate Market, 9%
  • Project Management, 6%
  • Financial Analysis, 5%
  • PowerPoint, 5%
  • Real Estate Sales, 5%
Common agent skills
  • Insurance Products, 11%
  • Customer Service, 10%
  • Life Insurance, 8%
  • HR, 6%
  • Inbound Calls, 6%
  • Financial Services, 6%