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The differences between real estate developers and realtors 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 $38,290 average annual salary of a realtor.
The top three skills for a real estate developer include financial statements, property management and due diligence. The most important skills for a realtor are residential real estate, open houses, and purchase agreements.
| Real Estate Developer | Realtor | |
| Yearly salary | $93,510 | $38,290 |
| Hourly rate | $44.96 | $18.41 |
| Growth rate | 3% | 5% |
| Number of jobs | 87,865 | 7,482 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 60% |
| 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 realtor is responsible for processing real estate transactions and assisting clients with their concerns and inquiries about a specific property. A realtor should always work for their clients' best interests, ensuring that proposals work within the client's specified budget and property goals. A realtor will also consider the security of a property location before a recommendation to ensure the client's safety and comfort. Realtors must finalize records of cost estimates and purchase agreements, which are essential in choosing the best property.
Real estate developers and realtors have different pay scales, as shown below.
| Real Estate Developer | Realtor | |
| Average salary | $93,510 | $38,290 |
| Salary range | Between $66,000 And $131,000 | Between $27,000 And $53,000 |
| Highest paying City | Catonsville, MD | San Antonio, TX |
| Highest paying state | Connecticut | Connecticut |
| Best paying company | RSM US | Berkshire Hathaway Homeservices Alliance Real Estate |
| Best paying industry | Media | Real Estate |
There are a few differences between a real estate developer and a realtor in terms of educational background:
| Real Estate Developer | Realtor | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 60% |
| Most common major | Business | Business |
| Most common college | University of Southern California | - |
Here are the differences between real estate developers' and realtors' demographics:
| Real Estate Developer | Realtor | |
| Average age | 48 | 49 |
| Gender ratio | Male, 66.9% Female, 33.1% | Male, 40.2% Female, 59.8% |
| 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, 13.3% Asian, 6.9% White, 69.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 12% | 13% |