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Real estate internship vs real estate broker

The differences between real estate interns and real estate brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a real estate broker has an average salary of $80,250, which is higher than the $32,662 average annual salary of a real estate internship.

The top three skills for a real estate internship include real estate market, powerpoint and financial analysis. The most important skills for a real estate broker are real estate sales, purchase agreements, and financial resources.

Real estate internship vs real estate broker overview

Real Estate InternshipReal Estate Broker
Yearly salary$32,662$80,250
Hourly rate$15.70$38.58
Growth rate5%5%
Number of jobs64,15419,151
Job satisfaction--
Most common degreeBachelor's Degree, 78%Bachelor's Degree, 65%
Average age4949
Years of experience--

What does a real estate internship do?

When it comes to a real estate internship, an intern's responsibilities will depend upon the directives of a supervising officer. Typically, their tasks will revolve around preparing and processing documents, posting real estate listings on different areas and platforms, assisting in creating marketing content, and even handling social media accounts. A real estate intern may also run errands, manage an information database, conduct research and analysis, and participate in various negotiations. Furthermore, it is essential to learn and understand the policies and regulations, as well as the mission and vision of the company.

What does a real estate broker do?

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 internship vs real estate broker salary

Real estate interns and real estate brokers have different pay scales, as shown below.

Real Estate InternshipReal Estate Broker
Average salary$32,662$80,250
Salary rangeBetween $25,000 And $41,000Between $56,000 And $114,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Village Real Estate
Best paying industry-Finance

Differences between real estate internship and real estate broker education

There are a few differences between a real estate internship and a real estate broker in terms of educational background:

Real Estate InternshipReal Estate Broker
Most common degreeBachelor's Degree, 78%Bachelor's Degree, 65%
Most common majorBusinessBusiness
Most common college-University of Southern California

Real estate internship vs real estate broker demographics

Here are the differences between real estate interns' and real estate brokers' demographics:

Real Estate InternshipReal Estate Broker
Average age4949
Gender ratioMale, 65.9% Female, 34.1%Male, 54.3% Female, 45.7%
Race ratioBlack or African American, 5.3% Unknown, 4.3% Hispanic or Latino, 13.3% Asian, 6.9% White, 69.9% American Indian and Alaska Native, 0.3%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 Percentage13%13%

Differences between real estate internship and real estate broker duties and responsibilities

Real estate internship example responsibilities.

  • Manage several business bank accounts in Quickbooks.
  • Manage social networking sites: LinkedIn, Facebook.
  • Manage errands by showing listings and rentals, dropping off lockboxes and handling EDDM for settle listings.
  • Manage reporting requirements to senior management on status of real estate portfolio.
  • Used Argus and assist the appraisers in preparing forward property cash flow projections.
  • Input real estate development and building expenses using QuickBooks.
  • Show more

Real estate broker example responsibilities.

  • Manage all accounting, cash management, budgeting and financing for individual LLC's and for corporate entity.
  • Prepare all marketing materials, coordinate closings, enter necessary data into the MLS to ensure homes are represent correctly
  • Review, analyze and process moderately complex homeowner property, contents and liability claims within assign work with REO properties.
  • Stabilize operations and financial performance of underperforming properties, directing investors in maximizing value and/or divesting assets to optimize ROI.
  • Process the movement of funds and equities.
  • Prepare and submit probate and administration petitions.
  • Show more

Real estate internship vs real estate broker skills

Common real estate internship skills
  • Real Estate Market, 11%
  • PowerPoint, 10%
  • Financial Analysis, 8%
  • Data Entry, 7%
  • Market Research, 6%
  • Discounted Cash Flow, 5%
Common real estate broker skills
  • Real Estate Sales, 14%
  • Purchase Agreements, 11%
  • Financial Resources, 8%
  • Property Management, 7%
  • Open Houses, 5%
  • Client Relationships, 4%