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Real estate broker vs broker in charge

The differences between real estate brokers and brokers in charge can be seen in a few details. Each job has different responsibilities and duties. Additionally, a real estate broker has an average salary of $80,250, which is higher than the $60,362 average annual salary of a broker in charge.

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

Real estate broker vs broker in charge overview

Real Estate BrokerBroker In Charge
Yearly salary$80,250$60,362
Hourly rate$38.58$29.02
Growth rate5%5%
Number of jobs19,1517,036
Job satisfaction--
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 71%
Average age4949
Years of experience--

Real estate broker vs broker in charge salary

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

Real Estate BrokerBroker In Charge
Average salary$80,250$60,362
Salary rangeBetween $56,000 And $114,000Between $41,000 And $88,000
Highest paying CityNew York, NY-
Highest paying stateNew York-
Best paying companyVillage Real Estate-
Best paying industryFinance-

Differences between real estate broker and broker in charge education

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

Real Estate BrokerBroker In Charge
Most common degreeBachelor's Degree, 65%Bachelor's Degree, 71%
Most common majorBusinessBusiness
Most common collegeUniversity of Southern CaliforniaUniversity of Southern California

Real estate broker vs broker in charge demographics

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

Real Estate BrokerBroker In Charge
Average age4949
Gender ratioMale, 54.3% Female, 45.7%Male, 44.3% Female, 55.7%
Race ratioBlack or African American, 5.3% Unknown, 4.3% Hispanic or Latino, 13.2% Asian, 6.9% White, 70.0% 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 and broker in charge duties and responsibilities

Real estate broker example responsibilities.

  • Manage all accounting, cash management, budgeting and financing for individual LLC's and for corporate entity.
  • Prepare all marketing materials, coordinate closings, enter necessary data into the MLS to ensure homes are represent correctly
  • Review, analyze and process moderately complex homeowner property, contents and liability claims within assign work with REO properties.
  • Stabilize operations and financial performance of underperforming properties, directing investors in maximizing value and/or divesting assets to optimize ROI.
  • Process the movement of funds and equities.
  • Prepare and submit probate and administration petitions.
  • Show more

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 vs broker in charge skills

Common real estate broker skills
  • Real Estate Sales, 14%
  • Purchase Agreements, 11%
  • Financial Resources, 8%
  • Property Management, 7%
  • Open Houses, 5%
  • Client Relationships, 4%
Common broker in charge skills
  • Property Management, 12%
  • Trust Accounts, 9%
  • MLS, 9%
  • Financial Institutions, 6%
  • Escrow, 6%
  • Payroll, 6%