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Real estate lawyer vs real estate broker

The differences between real estate lawyers 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 $70,398 average annual salary of a real estate lawyer.

The top three skills for a real estate lawyer include litigation, sale agreements and . The most important skills for a real estate broker are real estate sales, purchase agreements, and financial resources.

Real estate lawyer vs real estate broker overview

Real Estate LawyerReal Estate Broker
Yearly salary$70,398$80,250
Hourly rate$33.85$38.58
Growth rate5%5%
Number of jobs17,60819,151
Job satisfaction--
Most common degreeDoctoral Degree, 43%Bachelor's Degree, 65%
Average age4949
Years of experience--

Real estate lawyer vs real estate broker salary

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

Real Estate LawyerReal Estate Broker
Average salary$70,398$80,250
Salary rangeBetween $45,000 And $107,000Between $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 lawyer and real estate broker education

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

Real Estate LawyerReal Estate Broker
Most common degreeDoctoral Degree, 43%Bachelor's Degree, 65%
Most common majorLawBusiness
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Real estate lawyer vs real estate broker demographics

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

Real Estate LawyerReal Estate Broker
Average age4949
Gender ratioMale, 38.9% Female, 61.1%Male, 54.3% Female, 45.7%
Race ratioBlack or African American, 4.2% Unknown, 4.2% Hispanic or Latino, 9.6% Asian, 5.7% White, 76.0% 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 lawyer and real estate broker duties and responsibilities

Real estate lawyer example responsibilities.

  • Manage all accounting, cash management, budgeting and financing for individual LLC's and for corporate entity.
  • Conduct paralegal, title, and closing activities for a busy firm handling REO / special asset and non-standard closings.
  • Created/Manage enterprise database for multiple REO businesses.
  • Stabilize operations and financial performance of underperforming properties, directing investors in maximizing value and/or divesting assets to optimize ROI.
  • Draft probate petition documents and administer probate estates.

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 lawyer vs real estate broker skills

Common real estate lawyer skills
  • Litigation, 87%
  • Sale Agreements, 13%
Common real estate broker skills
  • Real Estate Sales, 14%
  • Purchase Agreements, 11%
  • Financial Resources, 8%
  • Property Management, 7%
  • Open Houses, 5%
  • Client Relationships, 4%