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Associate broker vs broker in charge

The differences between associate brokers and brokers in charge 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 $60,362 average annual salary of a broker in charge.

The top three skills for an associate broker include excellent client, real estate sales and financial resources. The most important skills for a broker in charge are property management, trust accounts, and MLS.

Associate broker vs broker in charge overview

Associate BrokerBroker In Charge
Yearly salary$64,361$60,362
Hourly rate$30.94$29.02
Growth rate5%5%
Number of jobs8,8367,036
Job satisfaction--
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 71%
Average age4949
Years of experience--

Associate broker vs broker in charge salary

Associate brokers and brokers in charge have different pay scales, as shown below.

Associate BrokerBroker In Charge
Average salary$64,361$60,362
Salary rangeBetween $38,000 And $106,000Between $41,000 And $88,000
Highest paying CityNew York, NY-
Highest paying stateNew York-
Best paying companyCushman & Wakefield-
Best paying industryFinance-

Differences between associate broker and broker in charge education

There are a few differences between an associate broker and a broker in charge in terms of educational background:

Associate BrokerBroker In Charge
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 71%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Associate broker vs broker in charge demographics

Here are the differences between associate brokers' and brokers in charge' demographics:

Associate BrokerBroker In Charge
Average age4949
Gender ratioMale, 52.5% Female, 47.5%Male, 44.3% Female, 55.7%
Race ratioBlack 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%Black or African American, 5.9% Unknown, 4.4% Hispanic or Latino, 11.5% Asian, 7.6% White, 70.3% American Indian and Alaska Native, 0.3%
LGBT Percentage13%13%

Differences between associate broker and broker in charge duties and responsibilities

Associate broker example responsibilities.

  • Manage all accounting, cash management, budgeting and financing for individual LLC's and for corporate entity.
  • Work with clients, prepare & file all the paperwork, input listings to MLS, market and advertise list property.
  • Develop message flows which done XML/XSLT transformations, from one format to another, SOAP/HTTP XML to MRM mappings and transformations.
  • Assist Medicare-eligible individuals with Medicare supplement and replacement plans adhering to CMS guidelines.
  • Develop Indianapolis territory for contacts with senior citizens during the enrollment period for Medicare.
  • Create and maintain accurate MLS listings as well as developed and distribute unique advertising materials.
  • Show more

Broker in charge example responsibilities.

  • Manage all accounting, payroll, marketing, sales and training.
  • Manage payroll, accounting, collections, accounts payable/receivable and bookkeeping for company's expenses.
  • Manage daily operations of real estate firm including recruitment, licenses, renewals, MLS compliance, and contract preparation.
  • Solicit profitable freight brokerage business by marketing transportation capability via direct sales calls, telephone and direct mail marketing activity.
  • Develop and facilitate special events, PowerPoint presentations, spreadsheets.

Associate broker vs broker in charge skills

Common associate broker skills
  • Excellent Client, 12%
  • Real Estate Sales, 11%
  • Financial Resources, 7%
  • Market Research, 5%
  • Business Development, 5%
  • Renewal Business, 4%
Common broker in charge skills
  • Property Management, 12%
  • Trust Accounts, 9%
  • MLS, 9%
  • Financial Institutions, 6%
  • Escrow, 6%
  • Payroll, 6%