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The differences between sales agents and associate brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, an associate broker has an average salary of $64,361, which is higher than the $45,217 average annual salary of a sales agent.
The top three skills for a sales agent include customer service, customer satisfaction and life insurance. The most important skills for an associate broker are excellent client, real estate sales, and financial resources.
| Sales Agent | Associate Broker | |
| Yearly salary | $45,217 | $64,361 |
| Hourly rate | $21.74 | $30.94 |
| Growth rate | 10% | 5% |
| Number of jobs | 391,987 | 8,836 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 65% |
| Average age | 43 | 49 |
| Years of experience | 6 | - |
A sales representative is responsible for offering goods and services to potential and existing clients. Sales representatives must display a strong knowledge of the company's products to assist customers with their inquiries and concerns. A sales representative should have exceptional communication skills and extensive knowledge of the sales industry to deliver sales pitches and negotiate pricing offers with the clients. Sales representatives must also keep themselves updated with the current market trends to provide service recommendations, improving their sales to increase revenues.
An Associate Broker demonstrates property to prospective homeowners and gives offers to sellers for consideration. Associate Brokers design real estate databases, maintain property data or blueprints and develop strategies for process improvement. They create MLS listings and establish and distribute advertising materials. Their job involves the incorporation of innovative marketing techniques like direct mail, print advertising, and intensive internet exposure. They also review and evaluate real estate transactions for quality control and accuracy.
Sales agents and associate brokers have different pay scales, as shown below.
| Sales Agent | Associate Broker | |
| Average salary | $45,217 | $64,361 |
| Salary range | Between $21,000 And $95,000 | Between $38,000 And $106,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Goldman Sachs | Cushman & Wakefield |
| Best paying industry | - | Finance |
There are a few differences between a sales agent and an associate broker in terms of educational background:
| Sales Agent | Associate Broker | |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | Stanford University | University of Southern California |
Here are the differences between sales agents' and associate brokers' demographics:
| Sales Agent | Associate Broker | |
| Average age | 43 | 49 |
| Gender ratio | Male, 52.7% Female, 47.3% | Male, 52.5% Female, 47.5% |
| Race ratio | Black or African American, 5.7% Unknown, 4.1% Hispanic or Latino, 12.0% Asian, 9.3% White, 68.6% American Indian and Alaska Native, 0.2% | 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% |
| LGBT Percentage | 6% | 13% |