What's a Managing Broker?

A real estate managing broker is a licensed real estate broker that supervises a team of real estate agents. ... They may also be responsible for marketing resources for the brokerage and agents. A managing broker works at a real estate office or brokerage.

What is the difference between a broker and managing broker?

A broker is a real estate agent who has advanced their career by passing the broker licensing exam for their state, which legally allows them to operate their own real estate firm. Designated and managing brokers are higher-level brokers tasked with managerial responsibility in a firm.

How much do managing brokers make?

The salaries of Managing Brokers in the US range from $23,400 to $166,940 , with a median salary of $56,860 .