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Associate broker vs managing broker

The differences between associate brokers and managing 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 $61,806 average annual salary of a managing broker.

The top three skills for an associate broker include excellent client, real estate sales and financial resources. The most important skills for a managing broker are MLS, real estate brokerage, and real estate sales.

Associate broker vs managing broker overview

Associate BrokerManaging Broker
Yearly salary$64,361$61,806
Hourly rate$30.94$29.71
Growth rate5%5%
Number of jobs8,8367,017
Job satisfaction--
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 65%
Average age4949
Years of experience--

Associate broker vs managing broker salary

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

Associate BrokerManaging Broker
Average salary$64,361$61,806
Salary rangeBetween $38,000 And $106,000Between $41,000 And $92,000
Highest paying CityNew York, NY-
Highest paying stateNew York-
Best paying companyCushman & Wakefield-
Best paying industryFinance-

Differences between associate broker and managing broker education

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

Associate BrokerManaging Broker
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 65%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Associate broker vs managing broker demographics

Here are the differences between associate brokers' and managing brokers' demographics:

Associate BrokerManaging Broker
Average age4949
Gender ratioMale, 52.5% Female, 47.5%Male, 59.5% Female, 40.5%
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, 5.4% Unknown, 4.3% Hispanic or Latino, 13.4% Asian, 6.9% White, 69.7% American Indian and Alaska Native, 0.3%
LGBT Percentage13%13%

Differences between associate broker and managing broker 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.
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Managing broker example responsibilities.

  • Create and manage all advertising: fliers, brochures, web-site design, MLS input.
  • Manage all accounting, cash management, budgeting and financing for individual LLC's and for corporate entity.
  • Perform routine and closing inspections on HUD properties on asset manager timelines.
  • Prepare contracts and documentation; advise clients on general escrow and title procedures.
  • Design and maintain business web site, business accounting, attend marketing and training seminars for HUD homes.
  • Solicit profitable freight brokerage business by marketing transportation capability via direct sales calls, telephone and direct mail marketing activity.
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Associate broker vs managing broker 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 managing broker skills
  • MLS, 18%
  • Real Estate Brokerage, 15%
  • Real Estate Sales, 8%
  • Financial Analysis, 8%
  • Property Management, 7%
  • Real Estate Law, 7%