difference between real estate developer and realtor

A good friend explained the difference between a realtor and a real estate developer.

Here’s the explanation:

Are you a software analyst or are you a venture capitalist?
Realtor is the guy that sold you one unit in your townhouse
Developer is the guy who develops the whole 75 unit complex and maybe some retail spaces along with it
Realtor = salesperson, they’re commission-based, like a used car salesman
Real estate developer = have the vision, capital, construction team, to build entire projects… not commission-based, owner profit-based

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