Real estate loan officer vs agent

The differences between real estate loan officers and agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a real estate loan officer has an average salary of $90,206, which is higher than the $37,864 average annual salary of an agent.

The top three skills for a real estate loan officer include real estate loans, mortgage loans and business development. The most important skills for an agent are insurance products, customer service, and life insurance.

Real estate loan officer vs agent overview

	Real Estate Loan Officer	Agent
Yearly salary	$90,206	$37,864
Hourly rate	$43.37	$18.20
Growth rate	4%	6%
Number of jobs	82,581	184,325
Job satisfaction	-	2
Most common degree	Bachelor's Degree, 66%	Bachelor's Degree, 44%
Average age	45	46
Years of experience	6	-

Real estate loan officer vs agent salary

Real estate loan officers and agents have different pay scales, as shown below.

	Real Estate Loan Officer	Agent
Average salary	$90,206	$37,864
Salary range	Between $56,000 And $144,000	Between $19,000 And $72,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Latham & Watkins
Best paying industry	-	-

Differences between real estate loan officer and agent education

There are a few differences between a real estate loan officer and an agent in terms of educational background:

	Real Estate Loan Officer	Agent
Most common degree	Bachelor's Degree, 66%	Bachelor's Degree, 44%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Real estate loan officer vs agent demographics

Here are the differences between real estate loan officers' and agents' demographics:

	Real Estate Loan Officer	Agent
Average age	45	46
Gender ratio	Male, 54.6% Female, 45.4%	Male, 50.5% Female, 49.5%
Race ratio	Black or African American, 8.4% Unknown, 4.6% Hispanic or Latino, 16.0% Asian, 6.4% White, 64.0% American Indian and Alaska Native, 0.5%	Black or African American, 9.2% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.4% American Indian and Alaska Native, 0.1%
LGBT Percentage	8%	7%

Differences between real estate loan officer and agent duties and responsibilities

Real estate loan officer example responsibilities.

Manage a multifacete commercial real estate investment firm.
Supervise loan from origination and application through processing and final disposition.
Complete origination documents, obtain necessary signatures and deliver complete loan package to processing.
Schedule property website implementation from template, update internet/social media advertising, and handle MLS entry.
Train to use a mortgage calculator and experience using calyx point.

Agent example responsibilities.

Schedule and meet individuals\groups for assign or self-generate leads, assist and enroll eligible individuals in suitable Medicare product.
Verify documentation and coding using CPT and ICD-9 correct coding standards.
Assist TANF customers with obtaining employment.
Direct compliance with all CPT and Medicare guidelines.
Train BDC representatives on phone skills and CRM use.
Bill appropriate ICD-9 codes to the correct insurance companies.

Real estate loan officer vs agent skills

Common real estate loan officer skills

Real Estate Loans, 19%
Mortgage Loans, 8%
Business Development, 7%
Escrow, 7%
Financial Products, 6%
Financial Statements, 5%

Common agent skills

Insurance Products, 11%
Customer Service, 10%
Life Insurance, 8%
HR, 6%
Inbound Calls, 6%
Financial Services, 6%