Post job

Realtor vs closing agent

The differences between realtors and closing agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a closing agent has an average salary of $47,582, 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 a closing agent are settlement statements, escrow accounts, and notary.

Realtor vs closing agent overview

RealtorClosing Agent
Yearly salary$38,290$47,582
Hourly rate$18.41$22.88
Growth rate5%5%
Number of jobs7,48227,073
Job satisfaction--
Most common degreeBachelor's Degree, 60%Bachelor's Degree, 46%
Average age4949
Years of experience--

Realtor vs closing agent salary

Realtors and closing agents have different pay scales, as shown below.

RealtorClosing Agent
Average salary$38,290$47,582
Salary rangeBetween $27,000 And $53,000Between $34,000 And $65,000
Highest paying CitySan Antonio, TX-
Highest paying stateConnecticut-
Best paying companyBerkshire Hathaway Homeservices Alliance Real Estate-
Best paying industryReal Estate-

Differences between realtor and closing agent education

There are a few differences between a realtor and a closing agent in terms of educational background:

RealtorClosing Agent
Most common degreeBachelor's Degree, 60%Bachelor's Degree, 46%
Most common majorBusinessBusiness
Most common college--

Realtor vs closing agent demographics

Here are the differences between realtors' and closing agents' demographics:

RealtorClosing Agent
Average age4949
Gender ratioMale, 40.2% Female, 59.8%Male, 24.2% Female, 75.8%
Race ratioBlack 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, 5.2% 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 realtor and closing agent duties and responsibilities

Realtor example responsibilities.

  • Process funds and manage accounts through QuickBooks.
  • Manage scheduling and develop computer reports and MLS listings, create PowerPoint presentations, marketing materials and handle advertising.
  • Place and remove signs & lockboxes.
  • Make entries into QuickBooks; reconcile monthly bank statements.
  • Install yard signs, directional signs and lockboxes on each listing.
  • Coordinate social media advertisements by posting updates to Facebook, LinkedIn, and Pinterest accounts.
  • 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.

Realtor vs closing agent skills

Common realtor skills
  • Residential Real Estate, 22%
  • Open Houses, 9%
  • Purchase Agreements, 6%
  • Comparative Market Analysis, 5%
  • Real Estate Sales, 4%
  • Real Estate Contracts, 4%
Common closing agent skills
  • Settlement Statements, 14%
  • Escrow Accounts, 9%
  • Notary, 9%
  • HUD-1, 8%
  • Title Commitments, 7%
  • Loan Closings, 5%