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Managing broker vs real estate lawyer

The differences between managing brokers and real estate lawyers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a real estate lawyer has an average salary of $70,398, 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 lawyer are litigation, sale agreements, and .

Managing broker vs real estate lawyer overview

Managing BrokerReal Estate Lawyer
Yearly salary$61,806$70,398
Hourly rate$29.71$33.85
Growth rate5%5%
Number of jobs7,01717,608
Job satisfaction--
Most common degreeBachelor's Degree, 65%Doctoral Degree, 43%
Average age4949
Years of experience--

Managing broker vs real estate lawyer salary

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

Managing BrokerReal Estate Lawyer
Average salary$61,806$70,398
Salary rangeBetween $41,000 And $92,000Between $45,000 And $107,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between managing broker and real estate lawyer education

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

Managing BrokerReal Estate Lawyer
Most common degreeBachelor's Degree, 65%Doctoral Degree, 43%
Most common majorBusinessLaw
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Managing broker vs real estate lawyer demographics

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

Managing BrokerReal Estate Lawyer
Average age4949
Gender ratioMale, 59.5% Female, 40.5%Male, 38.9% Female, 61.1%
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, 4.2% Unknown, 4.2% Hispanic or Latino, 9.6% Asian, 5.7% White, 76.0% American Indian and Alaska Native, 0.3%
LGBT Percentage13%13%

Differences between managing broker and real estate lawyer 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 lawyer example responsibilities.

  • Manage all accounting, cash management, budgeting and financing for individual LLC's and for corporate entity.
  • Conduct paralegal, title, and closing activities for a busy firm handling REO / special asset and non-standard closings.
  • Created/Manage enterprise database for multiple REO businesses.
  • Stabilize operations and financial performance of underperforming properties, directing investors in maximizing value and/or divesting assets to optimize ROI.
  • Draft probate petition documents and administer probate estates.

Managing broker vs real estate lawyer 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 lawyer skills
  • Litigation, 87%
  • Sale Agreements, 13%