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The differences between realtors and lenders can be seen in a few details. Each job has different responsibilities and duties. Additionally, a realtor has an average salary of $38,290, which is higher than the $37,723 average annual salary of a lender.
The top three skills for a realtor include residential real estate, open houses and purchase agreements. The most important skills for a lender are customer service, loan applications, and business development.
| Realtor | Lender | |
| Yearly salary | $38,290 | $37,723 |
| Hourly rate | $18.41 | $18.14 |
| Growth rate | 5% | 4% |
| Number of jobs | 7,482 | 6,465 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 63% |
| Average age | 49 | 45 |
| Years of experience | - | 6 |
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.
A Lender is a financial institution, an individual, or a private or public group that provides loans to a business or an individual. As a lender, you will evaluate a borrower's creditworthiness by assessing loan applications. You will be responsible for determining an applicant's financial eligibility and all applicable metrics and ratios. Other duties might include setting up plans for debt payment, counseling clients on restrictions and policies, and maintaining and updating account records. Also, you will need to update your knowledge on the different loan types and financial services.
Realtors and lenders have different pay scales, as shown below.
| Realtor | Lender | |
| Average salary | $38,290 | $37,723 |
| Salary range | Between $27,000 And $53,000 | Between $25,000 And $55,000 |
| Highest paying City | San Antonio, TX | Seattle, WA |
| Highest paying state | Connecticut | South Dakota |
| Best paying company | Berkshire Hathaway Homeservices Alliance Real Estate | Citi |
| Best paying industry | Real Estate | Finance |
There are a few differences between a realtor and a lender in terms of educational background:
| Realtor | Lender | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 63% |
| Most common major | Business | Business |
| Most common college | - | University of Pennsylvania |
Here are the differences between realtors' and lenders' demographics:
| Realtor | Lender | |
| Average age | 49 | 45 |
| Gender ratio | Male, 40.2% Female, 59.8% | Male, 49.2% Female, 50.8% |
| 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, 9.3% Unknown, 4.6% Hispanic or Latino, 16.3% Asian, 6.3% White, 62.9% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 13% | 8% |