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Broker vs broker in charge

The differences between brokers and brokers in charge can be seen in a few details. Each job has different responsibilities and duties. Additionally, a broker has an average salary of $124,861, which is higher than the $60,362 average annual salary of a broker in charge.

The top three skills for a broker include brokerage, financial services and insurance products. The most important skills for a broker in charge are property management, trust accounts, and MLS.

Broker vs broker in charge overview

BrokerBroker In Charge
Yearly salary$124,861$60,362
Hourly rate$60.03$29.02
Growth rate5%5%
Number of jobs2,7707,036
Job satisfaction--
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 71%
Average age4949
Years of experience--

Broker vs broker in charge salary

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

BrokerBroker In Charge
Average salary$124,861$60,362
Salary rangeBetween $68,000 And $227,000Between $41,000 And $88,000
Highest paying CityNew York, NY-
Highest paying stateNew York-
Best paying companyChild Guidance & Family Solutions-
Best paying industryInsurance-

Differences between broker and broker in charge education

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

BrokerBroker In Charge
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 71%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Broker vs broker in charge demographics

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

BrokerBroker In Charge
Average age4949
Gender ratioMale, 63.8% Female, 36.2%Male, 44.3% Female, 55.7%
Race ratioBlack or African American, 5.3% Unknown, 4.3% Hispanic or Latino, 13.2% Asian, 6.9% White, 70.1% 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 broker and broker in charge duties and responsibilities

Broker example responsibilities.

  • Manage, lease and sell office condominiums on site.
  • Retail trader, fix income securities; manage client account activity; properly allocate client funds to appropriate investment options
  • Manage indexes, options, foreign equities, and short-selling positions that are compatible with clients' long-term investment goals.
  • Expand and maintain professional relationships with trading accounts including banks, hedge funds and portfolio managers.
  • Specialize in finding undervalue and/or overbought commodities by using fundamental and technical analysis that exist throughout the markets.
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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.

Broker vs broker in charge skills

Common broker skills
  • Brokerage, 17%
  • Financial Services, 9%
  • Insurance Products, 7%
  • Risk Management, 6%
  • Client Relationships, 6%
  • Real Estate Transactions, 5%
Common broker in charge skills
  • Property Management, 12%
  • Trust Accounts, 9%
  • MLS, 9%
  • Financial Institutions, 6%
  • Escrow, 6%
  • Payroll, 6%