General agent vs managing broker

The differences between general agents 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 $39,307 average annual salary of a general agent.

The top three skills for a general agent include health insurance products, life insurance policies and life insurance. The most important skills for a managing broker are MLS, real estate brokerage, and real estate sales.

General agent vs managing broker overview

	General Agent	Managing Broker
Yearly salary	$39,307	$61,806
Hourly rate	$18.90	$29.71
Growth rate	6%	5%
Number of jobs	94,740	7,017
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 65%
Average age	46	49
Years of experience	-	-

General agent vs managing broker salary

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

	General Agent	Managing Broker
Average salary	$39,307	$61,806
Salary range	Between $27,000 And $55,000	Between $41,000 And $92,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between general agent and managing broker education

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

	General Agent	Managing Broker
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 65%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Southern California

General agent vs managing broker demographics

Here are the differences between general agents' and managing brokers' demographics:

	General Agent	Managing Broker
Average age	46	49
Gender ratio	Male, 73.5% Female, 26.5%	Male, 59.5% Female, 40.5%
Race ratio	Black or African American, 9.3% Unknown, 3.6% Hispanic or Latino, 15.9% Asian, 4.9% White, 66.3% American Indian and Alaska Native, 0.1%	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 Percentage	7%	13%

Differences between general agent and managing broker duties and responsibilities

General agent example responsibilities.

Increase sales of life, annuities, disability and securities from [] to []
Operate remote telecommunications using applications and secure computer communications to troubleshoot and resolve issues on customer Samsung devices.
Help maintain Primerica as the number one source for insurance needs by directly switching accounts over to the company.

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.

General agent vs managing broker skills

Common general agent skills

Health Insurance Products, 11%
Life Insurance Policies, 10%
Life Insurance, 8%
Life Insurance Products, 7%
Long-Term Care, 7%
Disability Insurance, 6%

Common managing broker skills

MLS, 18%
Real Estate Brokerage, 15%
Real Estate Sales, 8%
Financial Analysis, 8%
Property Management, 7%
Real Estate Law, 7%

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General Agent vs Managing Broker

Updated January 8, 2025

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