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Residential sales representative vs real estate broker

The differences between residential sales representatives 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 $54,919 average annual salary of a residential sales representative.

The top three skills for a residential sales representative include data entry, customer relationships and weed control. The most important skills for a real estate broker are real estate sales, purchase agreements, and financial resources.

Residential sales representative vs real estate broker overview

Residential Sales RepresentativeReal Estate Broker
Yearly salary$54,919$80,250
Hourly rate$26.40$38.58
Growth rate4%5%
Number of jobs148,13719,151
Job satisfaction--
Most common degreeBachelor's Degree, 60%Bachelor's Degree, 65%
Average age4749
Years of experience4-

What does a residential sales representative do?

The job of a residential sales representative is to sell the products and services to potential customers. Residential sales representatives design effective strategies to generate leads, establish a plan of action, and execute it. They manage all the leads and determine their prospective clients. It is part of their job to take part in different home shows and present the products and services their company offers. Marketing, communications, leadership, and business management are some of the skills they need to develop.

What does a real estate broker do?

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.

Residential sales representative vs real estate broker salary

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

Residential Sales RepresentativeReal Estate Broker
Average salary$54,919$80,250
Salary rangeBetween $39,000 And $75,000Between $56,000 And $114,000
Highest paying CityColumbia, MDNew York, NY
Highest paying stateNew JerseyNew York
Best paying companyAmerican Residential ServicesVillage Real Estate
Best paying industryTechnologyFinance

Differences between residential sales representative and real estate broker education

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

Residential Sales RepresentativeReal Estate Broker
Most common degreeBachelor's Degree, 60%Bachelor's Degree, 65%
Most common majorBusinessBusiness
Most common collegeSUNY College of Technology at AlfredUniversity of Southern California

Residential sales representative vs real estate broker demographics

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

Residential Sales RepresentativeReal Estate Broker
Average age4749
Gender ratioMale, 72.3% Female, 27.7%Male, 54.3% Female, 45.7%
Race ratioBlack or African American, 3.8% Unknown, 3.7% Hispanic or Latino, 14.0% Asian, 5.1% White, 73.2% 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 representative and real estate broker duties and responsibilities

Residential sales representative example responsibilities.

  • Manage a sales team of 8 DSR's, performing as a supervisor and leading role.
  • Follow leads, complete bids, close sales and act as job foreman on all residential and commercial HVAC replacements.
  • Conduct follow-up of leads through means of telemarketing and person-to-person contact to identify customer needs.
  • Sell newspaper subscriptions to designate potential customers in order to achieve circulation sales department goals.
  • Generate sales appointments and insides sales opportunities through outbound telemarketing campaigns, including manual internet leads.
  • Contact medicare eligible recipients to sell medicare advantage plans through in-home meetings, community seminars and direct telesales.
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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.
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Residential sales representative vs real estate broker skills

Common residential sales representative skills
  • Data Entry, 19%
  • Customer Relationships, 17%
  • Weed Control, 12%
  • Telemarketing, 11%
  • Lawn Care, 11%
  • Cross-Selling, 11%
Common real estate broker skills
  • Real Estate Sales, 14%
  • Purchase Agreements, 11%
  • Financial Resources, 8%
  • Property Management, 7%
  • Open Houses, 5%
  • Client Relationships, 4%