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Real estate broker associate vs broker in charge

The differences between real estate broker associates and brokers in charge can be seen in a few details. Each job has different responsibilities and duties. Additionally, a real estate broker associate has an average salary of $83,167, which is higher than the $60,362 average annual salary of a broker in charge.

The top three skills for a real estate broker associate include purchase agreements, real estate and market trends. The most important skills for a broker in charge are property management, trust accounts, and MLS.

Real estate broker associate vs broker in charge overview

Real Estate Broker AssociateBroker In Charge
Yearly salary$83,167$60,362
Hourly rate$39.98$29.02
Growth rate5%5%
Number of jobs18,9967,036
Job satisfaction--
Most common degreeBachelor's Degree, 60%Bachelor's Degree, 71%
Average age4949
Years of experience--

Real estate broker associate vs broker in charge salary

Real estate broker associates and brokers in charge have different pay scales, as shown below.

Real Estate Broker AssociateBroker In Charge
Average salary$83,167$60,362
Salary rangeBetween $61,000 And $112,000Between $41,000 And $88,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between real estate broker associate and broker in charge education

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

Real Estate Broker AssociateBroker In Charge
Most common degreeBachelor's Degree, 60%Bachelor's Degree, 71%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Real estate broker associate vs broker in charge demographics

Here are the differences between real estate broker associates' and brokers in charge' demographics:

Real Estate Broker AssociateBroker In Charge
Average age4949
Gender ratioMale, 47.3% Female, 52.7%Male, 44.3% Female, 55.7%
Race ratioBlack 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%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 Percentage13%13%

Differences between real estate broker associate and broker in charge duties and responsibilities

Real estate broker associate example responsibilities.

  • Leverage an extensive business network to locate properties before they appear in the MLS, giving clients a competitive advantage.
  • Perform pricing, BPO and competitive market analysis.
  • Utilize MLS system, create CMA's; interface with title and mortgage companies to assure stream line closings.
  • Provide CMA's, and BPO's assist in appraisals and surveying, provide complete concierge and relocation services.
  • 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.

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.

Real estate broker associate vs broker in charge skills

Common real estate broker associate skills
  • Purchase Agreements, 10%
  • Real Estate, 9%
  • Market Trends, 8%
  • Real Estate Market, 6%
  • Business Development, 6%
  • Client Relationships, 5%
Common broker in charge skills
  • Property Management, 12%
  • Trust Accounts, 9%
  • MLS, 9%
  • Financial Institutions, 6%
  • Escrow, 6%
  • Payroll, 6%