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Broker realtor vs managing broker

The differences between broker realtors and managing brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a managing broker has an average salary of $61,806, which is higher than the $40,805 average annual salary of a broker realtor.

The top three skills for a broker realtor include purchase agreements, real estate sales and sales contracts. The most important skills for a managing broker are MLS, real estate brokerage, and real estate sales.

Broker realtor vs managing broker overview

Broker RealtorManaging Broker
Yearly salary$40,805$61,806
Hourly rate$19.62$29.71
Growth rate5%5%
Number of jobs8,8857,017
Job satisfaction--
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 65%
Average age4949
Years of experience--

Broker realtor vs managing broker salary

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

Broker RealtorManaging Broker
Average salary$40,805$61,806
Salary rangeBetween $27,000 And $60,000Between $41,000 And $92,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between broker realtor and managing broker education

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

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

Broker realtor vs managing broker demographics

Here are the differences between broker realtors' and managing brokers' demographics:

Broker RealtorManaging Broker
Average age4949
Gender ratioMale, 42.7% Female, 57.3%Male, 59.5% Female, 40.5%
Race ratioBlack or African American, 5.4% Unknown, 4.3% Hispanic or Latino, 13.6% Asian, 7.0% White, 69.4% 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 broker realtor and managing broker duties and responsibilities

Broker realtor example responsibilities.

  • Manage advertisements, taxes, office procedures, licenses, MLS data and all aspects of managing office.
  • Manage all accounting, cash management, budgeting and financing for individual LLC's and for corporate entity.
  • Mitigate rapid sales decline when economic trends shift by adding REO properties and short sales to inventory.
  • Experience in REO properties which includes continuous preservation, maintenance, capital repairs, marketing and sales.
  • Identify data trends in a volatile market and analyze data from MLS to develop and evaluate marketing strategy and implement solutions.
  • Develop and execute sales/marketing programs and general sales solutions resulting in increase company exposure, customer traffic, and sales production.
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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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Broker realtor vs managing broker skills

Common broker realtor skills
  • Purchase Agreements, 16%
  • Real Estate Sales, 14%
  • Sales Contracts, 9%
  • Comparative Market Analysis, 6%
  • Open Houses, 5%
  • Property Management, 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%