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Real estate sales associate vs closing agent

The differences between real estate sales associates and closing agents 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 $47,582 average annual salary of a closing agent.

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 closing agent are settlement statements, escrow accounts, and notary.

Real estate sales associate vs closing agent overview

Real Estate Sales AssociateClosing Agent
Yearly salary$92,941$47,582
Hourly rate$44.68$22.88
Growth rate5%5%
Number of jobs148,64627,073
Job satisfaction--
Most common degreeBachelor's Degree, 60%Bachelor's Degree, 46%
Average age4949
Years of experience--

Real estate sales associate vs closing agent salary

Real estate sales associates and closing agents have different pay scales, as shown below.

Real Estate Sales AssociateClosing Agent
Average salary$92,941$47,582
Salary rangeBetween $62,000 And $139,000Between $34,000 And $65,000
Highest paying CityNew York, NY-
Highest paying stateMassachusetts-
Best paying companyGreenberg Traurig-
Best paying industryProfessional-

Differences between real estate sales associate and closing agent education

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

Real Estate Sales AssociateClosing Agent
Most common degreeBachelor's Degree, 60%Bachelor's Degree, 46%
Most common majorBusinessBusiness
Most common college--

Real estate sales associate vs closing agent demographics

Here are the differences between real estate sales associates' and closing agents' demographics:

Real Estate Sales AssociateClosing Agent
Average age4949
Gender ratioMale, 47.1% Female, 52.9%Male, 24.2% Female, 75.8%
Race ratioBlack 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, 5.2% Unknown, 4.3% Hispanic or Latino, 13.0% Asian, 6.7% White, 70.4% American Indian and Alaska Native, 0.3%
LGBT Percentage13%13%

Differences between real estate sales associate and closing agent duties and responsibilities

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

Closing agent example responsibilities.

  • Manage escrow department for title insurance company.
  • Work as a mobile notary for various banks, mortgage companies, title and signing services.
  • Schedule, arrange, process, close and disburse REO auction sale transactions in the state of Wisconsin.
  • Certify signing agent/commission notary public - Oregon.
  • Operate remote telecommunications using applications and secure computer communications to troubleshoot and resolve issues on customer Samsung devices.
  • Work directly with the VP of procurement to provide education concerning legal contract implementation.

Real estate sales associate vs closing agent skills

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%
Common closing agent skills
  • Settlement Statements, 14%
  • Escrow Accounts, 9%
  • Notary, 9%
  • HUD-1, 8%
  • Title Commitments, 7%
  • Loan Closings, 5%