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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 | Real Estate Broker | |
| Yearly salary | $54,919 | $80,250 |
| Hourly rate | $26.40 | $38.58 |
| Growth rate | 4% | 5% |
| Number of jobs | 148,137 | 19,151 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 65% |
| Average age | 47 | 49 |
| Years of experience | 4 | - |
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.
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 representatives and real estate brokers have different pay scales, as shown below.
| Residential Sales Representative | Real Estate Broker | |
| Average salary | $54,919 | $80,250 |
| Salary range | Between $39,000 And $75,000 | Between $56,000 And $114,000 |
| Highest paying City | Columbia, MD | New York, NY |
| Highest paying state | New Jersey | New York |
| Best paying company | American Residential Services | Village Real Estate |
| Best paying industry | Technology | Finance |
There are a few differences between a residential sales representative and a real estate broker in terms of educational background:
| Residential Sales Representative | Real Estate Broker | |
| Most common degree | Bachelor's Degree, 60% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | SUNY College of Technology at Alfred | University of Southern California |
Here are the differences between residential sales representatives' and real estate brokers' demographics:
| Residential Sales Representative | Real Estate Broker | |
| Average age | 47 | 49 |
| Gender ratio | Male, 72.3% Female, 27.7% | Male, 54.3% Female, 45.7% |
| Race ratio | Black 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 Percentage | 6% | 13% |