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The differences between realtors and associate brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, an associate broker has an average salary of $64,361, which is higher than the $38,290 average annual salary of a realtor.
The top three skills for a realtor include residential real estate, open houses and purchase agreements. The most important skills for an associate broker are excellent client, real estate sales, and financial resources.
| Realtor | Associate Broker | |
| Yearly salary | $38,290 | $64,361 |
| Hourly rate | $18.41 | $30.94 |
| Growth rate | 5% | 5% |
| Number of jobs | 7,482 | 8,836 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 65% |
| Average age | 49 | 49 |
| Years of experience | - | - |
A realtor is responsible for processing real estate transactions and assisting clients with their concerns and inquiries about a specific property. A realtor should always work for their clients' best interests, ensuring that proposals work within the client's specified budget and property goals. A realtor will also consider the security of a property location before a recommendation to ensure the client's safety and comfort. Realtors must finalize records of cost estimates and purchase agreements, which are essential in choosing the best property.
An Associate Broker demonstrates property to prospective homeowners and gives offers to sellers for consideration. Associate Brokers design real estate databases, maintain property data or blueprints and develop strategies for process improvement. They create MLS listings and establish and distribute advertising materials. Their job involves the incorporation of innovative marketing techniques like direct mail, print advertising, and intensive internet exposure. They also review and evaluate real estate transactions for quality control and accuracy.
Realtors and associate brokers have different pay scales, as shown below.
| Realtor | Associate Broker | |
| Average salary | $38,290 | $64,361 |
| Salary range | Between $27,000 And $53,000 | Between $38,000 And $106,000 |
| Highest paying City | San Antonio, TX | New York, NY |
| Highest paying state | Connecticut | New York |
| Best paying company | Berkshire Hathaway Homeservices Alliance Real Estate | Cushman & Wakefield |
| Best paying industry | Real Estate | Finance |
There are a few differences between a realtor and an associate broker in terms of educational background:
| Realtor | Associate Broker | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | - | University of Southern California |
Here are the differences between realtors' and associate brokers' demographics:
| Realtor | Associate Broker | |
| Average age | 49 | 49 |
| Gender ratio | Male, 40.2% Female, 59.8% | Male, 52.5% Female, 47.5% |
| Race ratio | Black or African American, 5.3% Unknown, 4.3% Hispanic or Latino, 13.3% Asian, 6.9% White, 69.8% American Indian and Alaska Native, 0.3% | Black or African American, 5.3% Unknown, 4.3% Hispanic or Latino, 13.3% Asian, 6.9% White, 69.8% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 13% | 13% |