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The differences between realtors and real estate consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, a real estate consultant has an average salary of $92,358, 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 consultant are customer service, real estate market, and project management.
| Realtor | Real Estate Consultant | |
| Yearly salary | $38,290 | $92,358 |
| Hourly rate | $18.41 | $44.40 |
| Growth rate | 5% | 5% |
| Number of jobs | 7,482 | 22,428 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 67% |
| 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 consultant is an individual who provides specialized investment and financial advice to clients who are looking to buy, sell, or invest in property. A real estate consultant must provide as many details as possible so that the client can make their decision and avoid problems in the process. They provide clients with value-added services such as asset management, market analysis, and lease management. Real estate consultants must also work with a variety of clients, including construction companies, business owners, or third-party investors.
Realtors and real estate consultants have different pay scales, as shown below.
| Realtor | Real Estate Consultant | |
| Average salary | $38,290 | $92,358 |
| Salary range | Between $27,000 And $53,000 | Between $61,000 And $138,000 |
| Highest paying City | San Antonio, TX | Boston, MA |
| Highest paying state | Connecticut | Massachusetts |
| Best paying company | Berkshire Hathaway Homeservices Alliance Real Estate | Marcus & Millichap |
| Best paying industry | Real Estate | Finance |
There are a few differences between a realtor and a real estate consultant in terms of educational background:
| Realtor | Real Estate Consultant | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | - | - |
Here are the differences between realtors' and real estate consultants' demographics:
| Realtor | Real Estate Consultant | |
| Average age | 49 | 49 |
| Gender ratio | Male, 40.2% Female, 59.8% | Male, 61.5% Female, 38.5% |
| 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, 5.4% Unknown, 4.3% Hispanic or Latino, 13.5% Asian, 7.0% White, 69.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 13% | 13% |