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Real estate loan officer vs real estate sales associate

The differences between real estate loan officers and real estate sales associates can be seen in a few details. Each job has different responsibilities and duties. Additionally, a real estate sales associate has an average salary of $92,941, 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 sales associate are lead generation, real estate market, and commercial property.

Real estate loan officer vs real estate sales associate overview

Real Estate Loan OfficerReal Estate Sales Associate
Yearly salary$90,206$92,941
Hourly rate$43.37$44.68
Growth rate4%5%
Number of jobs82,581148,646
Job satisfaction--
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 60%
Average age4549
Years of experience6-

Real estate loan officer vs real estate sales associate salary

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

Real Estate Loan OfficerReal Estate Sales Associate
Average salary$90,206$92,941
Salary rangeBetween $56,000 And $144,000Between $62,000 And $139,000
Highest paying City-New York, NY
Highest paying state-Massachusetts
Best paying company-Greenberg Traurig
Best paying industry-Professional

Differences between real estate loan officer and real estate sales associate education

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

Real Estate Loan OfficerReal Estate Sales Associate
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 60%
Most common majorBusinessBusiness
Most common collegeUniversity of Pennsylvania-

Real estate loan officer vs real estate sales associate demographics

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

Real Estate Loan OfficerReal Estate Sales Associate
Average age4549
Gender ratioMale, 54.6% Female, 45.4%Male, 47.1% Female, 52.9%
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, 5.2% Unknown, 4.3% Hispanic or Latino, 13.0% Asian, 6.8% White, 70.4% American Indian and Alaska Native, 0.3%
LGBT Percentage8%13%

Differences between real estate loan officer and real estate sales associate 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 sales associate example responsibilities.

  • Manage REO listings, complete BPOs, property checks, negotiate offers and manage closings.
  • Manage all accounting, cash management, budgeting and financing for individual LLC's and for corporate entity.
  • Prepare legal documents such as HUD-1 settlement statement, sales contracts, leasing agreements, etc.
  • Perform foreclosure inspections and price opinions on REO properties.
  • Prepare real estate closing documents to include HUD settlement statement and RESPA documents.
  • Provide notary services as needed for legal documentation (notary license still current).
  • Show more

Real estate loan officer vs real estate sales associate 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 sales associate skills
  • Lead Generation, 24%
  • Real Estate Market, 12%
  • Commercial Property, 11%
  • Open Houses, 10%
  • Residential Real Estate, 7%
  • Customer Service, 6%

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