Managing broker vs managing partner

The differences between managing brokers and managing partners can be seen in a few details. Each job has different responsibilities and duties. Additionally, a managing partner has an average salary of $147,401, which is higher than the $61,806 average annual salary of a managing broker.

The top three skills for a managing broker include MLS, real estate brokerage and real estate sales. The most important skills for a managing partner are food handling, cleanliness, and customer service.

Managing broker vs managing partner overview

	Managing Broker	Managing Partner
Yearly salary	$61,806	$147,401
Hourly rate	$29.71	$70.87
Growth rate	5%	6%
Number of jobs	7,017	66,916
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 67%
Average age	49	44
Years of experience	-	6

Managing broker vs managing partner salary

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

	Managing Broker	Managing Partner
Average salary	$61,806	$147,401
Salary range	Between $41,000 And $92,000	Between $83,000 And $259,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Gartner
Best paying industry	-	Construction

Differences between managing broker and managing partner education

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

	Managing Broker	Managing Partner
Most common degree	Bachelor's Degree, 65%	Bachelor's Degree, 67%
Most common major	Business	Business
Most common college	University of Southern California	University of Pennsylvania

Managing broker vs managing partner demographics

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

	Managing Broker	Managing Partner
Average age	49	44
Gender ratio	Male, 59.5% Female, 40.5%	Male, 79.0% Female, 21.0%
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, 6.2% Unknown, 4.3% Hispanic or Latino, 15.4% Asian, 6.4% White, 67.1% American Indian and Alaska Native, 0.5%
LGBT Percentage	13%	10%

Differences between managing broker and managing partner 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.

Managing partner example responsibilities.

Manage website, eBay, and Facebook marketing, as well as vendor relations and cross-marketing with vendors.
Manage daily operations, including office administration, accounts-payable, accounts-receivable, and payroll processing.
Develop and implement marketing campaigns, and manage a variety self-contain EMR systems for numerous private practice healthcare providers.
Provide oversight to ensure projects and programs within various portfolios are in compliance with establish standards to achieve business transformation objectives.
Perform all business development, sales, marketing, basic web design and SEO; administrative operations and actual event performance.
Create and develop internet presence via website and FaceBook.

Managing broker vs managing partner 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 managing partner skills

Food Handling, 20%
Cleanliness, 18%
Customer Service, 9%
Financial Statements, 5%
Regulatory Compliance, 4%
POS, 4%

Managing Broker vs. similar jobs

Managing Broker related careers

Managing Broker related jobs

What similar roles do

Zippia Careers
Sales Industry
Managing Broker
Managing Broker vs Managing Partner

Updated January 8, 2025

Browse sales jobs