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Managing broker vs real estate account executive

The differences between managing brokers and real estate account executives can be seen in a few details. Each job has different responsibilities and duties. Additionally, a real estate account executive has an average salary of $62,875, 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 real estate account executive are journal entries, financial reports, and yardi.

Managing broker vs real estate account executive overview

Managing BrokerReal Estate Account Executive
Yearly salary$61,806$62,875
Hourly rate$29.71$30.23
Growth rate5%5%
Number of jobs7,017116,049
Job satisfaction--
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 77%
Average age4949
Years of experience--

Managing broker vs real estate account executive salary

Managing brokers and real estate account executives have different pay scales, as shown below.

Managing BrokerReal Estate Account Executive
Average salary$61,806$62,875
Salary rangeBetween $41,000 And $92,000Between $44,000 And $89,000
Highest paying City-White Plains, NY
Highest paying state-New York
Best paying company-Google
Best paying industry-Real Estate

Differences between managing broker and real estate account executive education

There are a few differences between a managing broker and a real estate account executive in terms of educational background:

Managing BrokerReal Estate Account Executive
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 77%
Most common majorBusinessAccounting
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Managing broker vs real estate account executive demographics

Here are the differences between managing brokers' and real estate account executives' demographics:

Managing BrokerReal Estate Account Executive
Average age4949
Gender ratioMale, 59.5% Female, 40.5%Male, 47.7% Female, 52.3%
Race ratioBlack 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, 5.4% Unknown, 4.3% Hispanic or Latino, 13.4% Asian, 6.9% White, 69.6% American Indian and Alaska Native, 0.3%
LGBT Percentage13%13%

Differences between managing broker and real estate account executive 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.
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Real estate account executive example responsibilities.

  • Accomplish a deep understanding and application of MRI and Yardi accounting systems.
  • Achieve all sales targets for SaaS product targeting service-base businesses requiring an automate customer retention and relationship management tool.
  • Prepare accounts payable, accounts receivable, general ledger entries, bond amortizations, fund accounting and depreciation schedules via Yardi.
  • Analyze and prepare monthly GAAP financial statements, including all supporting schedules as required.
  • Analyze and reimburse year-end expense reconciliations from landlords, delegating reconciliation research to staff as able.
  • Perform reconciliations, periodic reporting and preparation of year end statements for wholly own real estate portfolio.
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Managing broker vs real estate account executive 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 real estate account executive skills
  • Journal Entries, 12%
  • Financial Reports, 10%
  • Yardi, 9%
  • GAAP, 9%
  • Financial Analysis, 9%
  • Reconciliations, 8%