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Real estate loan officer vs real estate consultant

The differences between real estate loan officers and real estate consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a real estate consultant has an average salary of $92,358, which is higher than the $90,206 average annual salary of a real estate loan officer.

The top three skills for a real estate loan officer include real estate loans, mortgage loans and business development. The most important skills for a real estate consultant are customer service, real estate market, and project management.

Real estate loan officer vs real estate consultant overview

Real Estate Loan OfficerReal Estate Consultant
Yearly salary$90,206$92,358
Hourly rate$43.37$44.40
Growth rate4%5%
Number of jobs82,58122,428
Job satisfaction-4
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 67%
Average age4549
Years of experience6-

Real estate loan officer vs real estate consultant salary

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

Real Estate Loan OfficerReal Estate Consultant
Average salary$90,206$92,358
Salary rangeBetween $56,000 And $144,000Between $61,000 And $138,000
Highest paying City-Boston, MA
Highest paying state-Massachusetts
Best paying company-Marcus & Millichap
Best paying industry-Finance

Differences between real estate loan officer and real estate consultant education

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

Real Estate Loan OfficerReal Estate Consultant
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 67%
Most common majorBusinessBusiness
Most common collegeUniversity of Pennsylvania-

Real estate loan officer vs real estate consultant demographics

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

Real Estate Loan OfficerReal Estate Consultant
Average age4549
Gender ratioMale, 54.6% Female, 45.4%Male, 61.5% Female, 38.5%
Race ratioBlack 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, 5.4% Unknown, 4.3% Hispanic or Latino, 13.5% Asian, 7.0% White, 69.5% American Indian and Alaska Native, 0.3%
LGBT Percentage8%13%

Differences between real estate loan officer and real estate consultant 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.

Real estate consultant example responsibilities.

  • Manage all accounting, cash management, budgeting and financing for individual LLC's and for corporate entity.
  • Help to initiate partnership with Fannie Mae to monitor and sell their REO homes.
  • Develop PowerPoint presentations and marketing materials to maximize potential client's interest.
  • Create and deliver sales presentation for perspective clients, including PowerPoint presentation specific for the individual and property.
  • Develop and execute sales/marketing programs and general sales solutions resulting in increase company exposure, customer traffic, and sales production.
  • Train on the MLS, and all state approve contracts and systems.
  • Show more

Real estate loan officer vs real estate consultant 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 real estate consultant skills
  • Customer Service, 11%
  • Real Estate Market, 9%
  • Project Management, 6%
  • Financial Analysis, 5%
  • PowerPoint, 5%
  • Real Estate Sales, 5%

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