Post job

Residential sales vs real estate broker

The differences between residential sales 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 $76,748 average annual salary of a residential sales.

The top three skills for a residential sales include product knowledge, strong work ethic and HVAC. The most important skills for a real estate broker are real estate sales, purchase agreements, and financial resources.

Residential sales vs real estate broker overview

Residential SalesReal Estate Broker
Yearly salary$76,748$80,250
Hourly rate$36.90$38.58
Growth rate4%5%
Number of jobs118,22819,151
Job satisfaction--
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 65%
Average age4749
Years of experience4-

Residential sales vs real estate broker salary

Residential sales and real estate brokers have different pay scales, as shown below.

Residential SalesReal Estate Broker
Average salary$76,748$80,250
Salary rangeBetween $53,000 And $110,000Between $56,000 And $114,000
Highest paying CityWalla Walla, WANew York, NY
Highest paying stateWashingtonNew York
Best paying companyAmerican Residential ServicesVillage Real Estate
Best paying industryFinanceFinance

Differences between residential sales and real estate broker education

There are a few differences between a residential sales and a real estate broker in terms of educational background:

Residential SalesReal Estate Broker
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 65%
Most common majorBusinessBusiness
Most common collegeSUNY College of Technology at AlfredUniversity of Southern California

Residential sales vs real estate broker demographics

Here are the differences between residential sales' and real estate brokers' demographics:

Residential SalesReal Estate Broker
Average age4749
Gender ratioMale, 68.6% Female, 31.4%Male, 54.3% Female, 45.7%
Race ratioBlack or African American, 3.9% Unknown, 3.7% Hispanic or Latino, 14.3% Asian, 5.2% White, 72.7% American Indian and Alaska Native, 0.2%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 Percentage6%13%

Differences between residential sales and real estate broker duties and responsibilities

Residential sales example responsibilities.

  • Utilize CRM systems to effectively manage accounts; leverage competitor and market intelligence to drive offer posture and capture competitor accounts.
  • Identify customer needs, present ADT products and services, and met/exceed sales quota.
  • Educate residential customers through demonstration of ADT security products.
  • Utilize CRM systems to effectively manage accounts; leverage competitor and market intelligence to drive offer posture and capture competitor accounts.
  • Utilize negotiation and influencing abilities by offering customers solutions using products and services from MCI portfolio.

Real estate broker example responsibilities.

  • Manage all accounting, cash management, budgeting and financing for individual LLC's and for corporate entity.
  • Prepare all marketing materials, coordinate closings, enter necessary data into the MLS to ensure homes are represent correctly
  • Review, analyze and process moderately complex homeowner property, contents and liability claims within assign work with REO properties.
  • Stabilize operations and financial performance of underperforming properties, directing investors in maximizing value and/or divesting assets to optimize ROI.
  • Process the movement of funds and equities.
  • Prepare and submit probate and administration petitions.
  • Show more

Residential sales vs real estate broker skills

Common residential sales skills
  • Product Knowledge, 20%
  • Strong Work Ethic, 15%
  • HVAC, 8%
  • Direct Sales, 5%
  • Broadband, 4%
  • Bundling, 4%
Common real estate broker skills
  • Real Estate Sales, 14%
  • Purchase Agreements, 11%
  • Financial Resources, 8%
  • Property Management, 7%
  • Open Houses, 5%
  • Client Relationships, 4%