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The differences between real estate sales associates and brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a broker has an average salary of $124,861, which is higher than the $92,941 average annual salary of a real estate sales associate.
The top three skills for a real estate sales associate include lead generation, real estate market and commercial property. The most important skills for a broker are brokerage, financial services, and insurance products.
| Real Estate Sales Associate | Broker | |
| Yearly salary | $92,941 | $124,861 |
| Hourly rate | $44.68 | $60.03 |
| Growth rate | 5% | 5% |
| Number of jobs | 148,646 | 2,770 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 66% |
| Average age | 49 | 49 |
| Years of experience | - | - |
A Real Estate Associate helps clients rent, buy, and sell properties. They also advertise clients properties to other realtors and potential buyers, as well as negotiate contracts with buyers and agents by acting on their behalf.
Brokers can either be a firm or an individual acting as an intermediary between a securities exchange and an investor. They often provide services to individual investors and traders who cannot engage directly with security exchanges, which only accept orders from their members. They provide investors and traders with an investment plan, market intelligence, and research. They may cross-sell some financial services and products offered by their brokerage firms. They are also typically classified as discount or full-service brokers.
Real estate sales associates and brokers have different pay scales, as shown below.
| Real Estate Sales Associate | Broker | |
| Average salary | $92,941 | $124,861 |
| Salary range | Between $62,000 And $139,000 | Between $68,000 And $227,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | Massachusetts | New York |
| Best paying company | Greenberg Traurig | Child Guidance & Family Solutions |
| Best paying industry | Professional | Insurance |
There are a few differences between a real estate sales associate and a broker in terms of educational background:
| Real Estate Sales Associate | Broker | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | - | University of Southern California |
Here are the differences between real estate sales associates' and brokers' demographics:
| Real Estate Sales Associate | Broker | |
| Average age | 49 | 49 |
| Gender ratio | Male, 47.1% Female, 52.9% | Male, 63.8% Female, 36.2% |
| Race ratio | 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% | Black or African American, 5.3% Unknown, 4.3% Hispanic or Latino, 13.2% Asian, 6.9% White, 70.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 13% | 13% |