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Managing broker vs real estate closer

The differences between managing brokers and real estate closers 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 $38,896 average annual salary of a real estate closer.

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 closer are escrow, settlement statements, and data entry.

Managing broker vs real estate closer overview

Managing BrokerReal Estate Closer
Yearly salary$61,806$38,896
Hourly rate$29.71$18.70
Growth rate5%5%
Number of jobs7,01720,016
Job satisfaction--
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 48%
Average age4949
Years of experience--

Managing broker vs real estate closer salary

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

Managing BrokerReal Estate Closer
Average salary$61,806$38,896
Salary rangeBetween $41,000 And $92,000Between $26,000 And $57,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Citi
Best paying industry--

Differences between managing broker and real estate closer education

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

Managing BrokerReal Estate Closer
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 48%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Managing broker vs real estate closer demographics

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

Managing BrokerReal Estate Closer
Average age4949
Gender ratioMale, 59.5% Female, 40.5%Male, 33.4% Female, 66.6%
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, 13.5% Asian, 7.0% White, 69.5% American Indian and Alaska Native, 0.3%
LGBT Percentage13%13%

Differences between managing broker and real estate closer 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.
  • Show more

Real estate closer example responsibilities.

  • Manage all accounting, cash management, budgeting and financing for individual LLC's and for corporate entity.
  • Select, prepare, analyze, track and assemble required documentation in accordance with VA, FHA and conventional guidelines.
  • Stabilize operations and financial performance of underperforming properties, directing investors in maximizing value and/or divesting assets to optimize ROI.
  • Implement sales training courses for FHA/VA and all community/bond lending for company's loan officers
  • Follow up on delinquent tenants and coordinate collection procedures including court evictions.

Managing broker vs real estate closer 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 closer skills
  • Escrow, 13%
  • Settlement Statements, 6%
  • Data Entry, 6%
  • Property Management, 5%
  • Mortgage Loans, 5%
  • Real Estate Closings, 5%