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The differences between realtors and real estate brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a real estate broker has an average salary of $80,250, 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 broker are real estate sales, purchase agreements, and financial resources.
| Realtor | Real Estate Broker | |
| Yearly salary | $38,290 | $80,250 |
| Hourly rate | $18.41 | $38.58 |
| Growth rate | 5% | 5% |
| Number of jobs | 7,482 | 19,151 |
| 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.
Real estate appraisers are unique in that many of them are self-employed. Nevertheless, it is a career that will require an enterprising, inquisitive, and motivated personality, as well as impartiality and unbiased nature. Appraisers will provide objective opinions on the value of properties, as well as assist the owners/managers/investors for real estate. They must also verify legal real estate records, inspect properties, photograph interior and exterior structures, and prepare and maintain written reports on property values.
Realtors and real estate brokers have different pay scales, as shown below.
| Realtor | Real Estate Broker | |
| Average salary | $38,290 | $80,250 |
| Salary range | Between $27,000 And $53,000 | Between $56,000 And $114,000 |
| Highest paying City | San Antonio, TX | New York, NY |
| Highest paying state | Connecticut | New York |
| Best paying company | Berkshire Hathaway Homeservices Alliance Real Estate | Village Real Estate |
| Best paying industry | Real Estate | Finance |
There are a few differences between a realtor and a real estate broker in terms of educational background:
| Realtor | Real Estate 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 real estate brokers' demographics:
| Realtor | Real Estate Broker | |
| Average age | 49 | 49 |
| Gender ratio | Male, 40.2% Female, 59.8% | Male, 54.3% Female, 45.7% |
| 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, 13.2% Asian, 6.9% White, 70.0% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 13% | 13% |