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The differences between real estate developers and leasing agents can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a real estate developer and a leasing agent. Additionally, a real estate developer has an average salary of $93,510, which is higher than the $33,660 average annual salary of a leasing agent.
The top three skills for a real estate developer include financial statements, property management and due diligence. The most important skills for a leasing agent are customer service, property management, and yardi.
| Real Estate Developer | Leasing Agent | |
| Yearly salary | $93,510 | $33,660 |
| Hourly rate | $44.96 | $16.18 |
| Growth rate | 3% | 3% |
| Number of jobs | 87,865 | 32,462 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 45% |
| Average age | 48 | 48 |
| Years of experience | 6 | 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.
A leasing agent primarily works to assist and represent property owners when finding and managing tenants. They are in charge of advertising and promoting the properties in different areas or platforms, developing marketing strategies, coordinating with applicants, gathering their requirements, verifying the applicants' paperwork and references, and negotiating leasing terms. Moreover, a leasing agent also acts as the landlord because they serve as the tenants' point of contact regarding issues and concerns, conduct property inspections, and manage the properties' maintenance operations, coordinating with the owners regularly.
Real estate developers and leasing agents have different pay scales, as shown below.
| Real Estate Developer | Leasing Agent | |
| Average salary | $93,510 | $33,660 |
| Salary range | Between $66,000 And $131,000 | Between $27,000 And $41,000 |
| Highest paying City | Catonsville, MD | New York, NY |
| Highest paying state | Connecticut | New York |
| Best paying company | RSM US | CFM International |
| Best paying industry | Media | Retail |
There are a few differences between a real estate developer and a leasing agent in terms of educational background:
| Real Estate Developer | Leasing Agent | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 45% |
| 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 leasing agents' demographics:
| Real Estate Developer | Leasing Agent | |
| Average age | 48 | 48 |
| Gender ratio | Male, 66.9% Female, 33.1% | Male, 25.4% Female, 74.6% |
| 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, 8.6% Unknown, 4.1% Hispanic or Latino, 17.8% Asian, 5.3% White, 63.6% American Indian and Alaska Native, 0.6% |
| LGBT Percentage | 12% | 12% |