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The differences between real estate developers and real estate consultants 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 $92,358 average annual salary of a real estate consultant.
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 consultant are customer service, real estate market, and project management.
| Real Estate Developer | Real Estate Consultant | |
| Yearly salary | $93,510 | $92,358 |
| Hourly rate | $44.96 | $44.40 |
| Growth rate | 3% | 5% |
| Number of jobs | 87,865 | 22,428 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 67% |
| 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.
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 developers and real estate consultants have different pay scales, as shown below.
| Real Estate Developer | Real Estate Consultant | |
| Average salary | $93,510 | $92,358 |
| Salary range | Between $66,000 And $131,000 | Between $61,000 And $138,000 |
| Highest paying City | Catonsville, MD | Boston, MA |
| Highest paying state | Connecticut | Massachusetts |
| Best paying company | RSM US | Marcus & Millichap |
| Best paying industry | Media | Finance |
There are a few differences between a real estate developer and a real estate consultant in terms of educational background:
| Real Estate Developer | Real Estate Consultant | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | University of Southern California | - |
Here are the differences between real estate developers' and real estate consultants' demographics:
| Real Estate Developer | Real Estate Consultant | |
| Average age | 48 | 49 |
| Gender ratio | Male, 66.9% Female, 33.1% | Male, 61.5% Female, 38.5% |
| 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, 5.4% Unknown, 4.3% Hispanic or Latino, 13.5% Asian, 7.0% White, 69.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 12% | 13% |