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The differences between real estate developers and real estate brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a real estate developer has an average salary of $93,510, which is higher than the $80,250 average annual salary of a real estate broker.
The top three skills for a real estate developer include financial statements, property management and due diligence. The most important skills for a real estate broker are real estate sales, purchase agreements, and financial resources.
| Real Estate Developer | Real Estate Broker | |
| Yearly salary | $93,510 | $80,250 |
| Hourly rate | $44.96 | $38.58 |
| Growth rate | 3% | 5% |
| Number of jobs | 87,865 | 19,151 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 65% |
| 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.
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.
Real estate developers and real estate brokers have different pay scales, as shown below.
| Real Estate Developer | Real Estate Broker | |
| Average salary | $93,510 | $80,250 |
| Salary range | Between $66,000 And $131,000 | Between $56,000 And $114,000 |
| Highest paying City | Catonsville, MD | New York, NY |
| Highest paying state | Connecticut | New York |
| Best paying company | RSM US | Village Real Estate |
| Best paying industry | Media | Finance |
There are a few differences between a real estate developer and a real estate broker in terms of educational background:
| Real Estate Developer | Real Estate Broker | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 65% |
| 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 real estate brokers' demographics:
| Real Estate Developer | Real Estate Broker | |
| Average age | 48 | 49 |
| Gender ratio | Male, 66.9% Female, 33.1% | Male, 54.3% Female, 45.7% |
| 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, 70.0% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 12% | 13% |