Managing broker vs broker in charge

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

The top three skills for a managing broker include MLS, real estate brokerage and real estate sales. The most important skills for a broker in charge are property management, trust accounts, and MLS.

Managing broker vs broker in charge overview

	Managing Broker	Broker In Charge
Yearly salary	$61,806	$60,362
Hourly rate	$29.71	$29.02
Growth rate	5%	5%
Number of jobs	7,017	7,036
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 71%
Average age	49	49
Years of experience	-	-

Managing broker vs broker in charge salary

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

	Managing Broker	Broker In Charge
Average salary	$61,806	$60,362
Salary range	Between $41,000 And $92,000	Between $41,000 And $88,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between managing broker and broker in charge education

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

	Managing Broker	Broker In Charge
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 71%
Most common major	Business	Business
Most common college	University of Southern California	University of Southern California

Managing broker vs broker in charge demographics

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

	Managing Broker	Broker In Charge
Average age	49	49
Gender ratio	Male, 59.5% Female, 40.5%	Male, 44.3% Female, 55.7%
Race ratio	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%	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 Percentage	13%	13%

Differences between managing broker and broker in charge duties and responsibilities

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.

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.

Managing broker vs broker in charge skills

Common managing broker skills

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

Common broker in charge skills

Property Management, 12%
Trust Accounts, 9%
MLS, 9%
Financial Institutions, 6%
Escrow, 6%
Payroll, 6%

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Managing Broker
Managing Broker vs Broker In Charge

Updated January 8, 2025

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