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The differences between realtors and real estate agents can be seen in a few details. Each job has different responsibilities and duties. Additionally, a real estate agent has an average salary of $91,788, 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 real estate agent are customer service, real estate license, and excellent interpersonal.
| Realtor | Real Estate Agent | |
| Yearly salary | $38,290 | $91,788 |
| Hourly rate | $18.41 | $44.13 |
| Growth rate | 5% | 5% |
| Number of jobs | 7,482 | 41,399 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 59% |
| 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.
A real estate agent helps owners in the selling or renting of houses, land, offices, buildings, or any piece of property. They should be knowledgeable in the area they work in, which local properties are in the market, and the competitive prices for various properties. It is their responsibility to either market or sells in the best possible and reasonable price and conditions. Negotiating is a vital skill for real estate agents as they act as the middleman for buyers and sellers. Most agents bill the client with a percentage of the final sale price as the fee, but some would get a fixed commission for every sale.
Realtors and real estate agents have different pay scales, as shown below.
| Realtor | Real Estate Agent | |
| Average salary | $38,290 | $91,788 |
| Salary range | Between $27,000 And $53,000 | Between $66,000 And $126,000 |
| Highest paying City | San Antonio, TX | Long Beach, NY |
| Highest paying state | Connecticut | West Virginia |
| Best paying company | Berkshire Hathaway Homeservices Alliance Real Estate | Santa Clara Valley Water District |
| Best paying industry | Real Estate | Finance |
There are a few differences between a realtor and a real estate agent in terms of educational background:
| Realtor | Real Estate Agent | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 59% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between realtors' and real estate agents' demographics:
| Realtor | Real Estate Agent | |
| Average age | 49 | 49 |
| Gender ratio | Male, 40.2% Female, 59.8% | Male, 43.4% Female, 56.6% |
| 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, 5.2% Unknown, 4.3% Hispanic or Latino, 13.0% Asian, 6.8% White, 70.3% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 13% | 13% |