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The differences between real estate developers and brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a broker has an average salary of $124,861, which is higher than the $93,510 average annual salary of a real estate developer.
The top three skills for a real estate developer include financial statements, property management and due diligence. The most important skills for a broker are brokerage, financial services, and insurance products.
| Real Estate Developer | Broker | |
| Yearly salary | $93,510 | $124,861 |
| Hourly rate | $44.96 | $60.03 |
| Growth rate | 3% | 5% |
| Number of jobs | 87,865 | 2,770 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 66% |
| Average age | 48 | 49 |
| Years of experience | 6 | - |
A real estate developer obtains and develops land, turning it into a real estate asset. Part of their job is to conduct extensive research and analyses, coordinate with experts, gather and analyze data, negotiate with land sellers, and prepare properties for development. They also oversee construction operations from planning to execution, set budgets and guidelines, establish timelines and objectives, generate leads for potential clients, and maintain an active communication line with contractors for a smooth and efficient workflow.
Brokers can either be a firm or an individual acting as an intermediary between a securities exchange and an investor. They often provide services to individual investors and traders who cannot engage directly with security exchanges, which only accept orders from their members. They provide investors and traders with an investment plan, market intelligence, and research. They may cross-sell some financial services and products offered by their brokerage firms. They are also typically classified as discount or full-service brokers.
Real estate developers and brokers have different pay scales, as shown below.
| Real Estate Developer | Broker | |
| Average salary | $93,510 | $124,861 |
| Salary range | Between $66,000 And $131,000 | Between $68,000 And $227,000 |
| Highest paying City | Catonsville, MD | New York, NY |
| Highest paying state | Connecticut | New York |
| Best paying company | RSM US | Child Guidance & Family Solutions |
| Best paying industry | Media | Insurance |
There are a few differences between a real estate developer and a broker in terms of educational background:
| Real Estate Developer | Broker | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Southern California |
Here are the differences between real estate developers' and brokers' demographics:
| Real Estate Developer | Broker | |
| Average age | 48 | 49 |
| Gender ratio | Male, 66.9% Female, 33.1% | Male, 63.8% Female, 36.2% |
| Race ratio | Black or African American, 9.1% Unknown, 4.2% Hispanic or Latino, 17.0% Asian, 5.4% White, 63.8% American Indian and Alaska Native, 0.6% | Black or African American, 5.3% Unknown, 4.3% Hispanic or Latino, 13.2% Asian, 6.9% White, 70.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 12% | 13% |