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Designated Managing Broker Jobs (NOW HIRING)

Cross Street Real Estate LLC

Managing Broker

Chicago, IL · On-site

$70K/yr

Active Illinois real estate license with Managing Broker designation (or ability to obtain). ? 5+ years of experience in real estate, with a strong background in brokerage operations, training, or ...

LoKation® Real Estate

Be Seen First

Broker Support Assistant

Pompano Beach, FL · On-site

$48K - $58K/yr

You don't need a fancy certification or designation. What you do need is patience, a genuine desire ... Why You'll Love It Here You'll work directly alongside our Managing Broker and Assisting Broker ...

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Designated Managing Broker information

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How much do designated managing broker jobs pay per hour?

As of Jul 18, 2026, the average hourly pay for designated managing broker in the United States is $24.56, according to ZipRecruiter salary data. Most workers in this role earn between $18.99 and $24.52 per hour, depending on experience, location, and employer.

What is the highest paid type of broker?

In the real estate industry, the highest paid brokers are often those who operate as principal brokers or own their firms, earning a larger share of commissions. Commercial real estate brokers and those specializing in luxury properties also tend to have higher earning potential due to larger transaction sizes and commissions. Success depends on experience, market knowledge, and client base, with top earners often holding advanced certifications and extensive networks.

How much do managing brokers make?

Managing brokers in Illinois typically earn an average annual salary ranging from $70,000 to $120,000, depending on experience, location, and the size of the brokerage. They often oversee real estate agents, handle administrative tasks, and ensure compliance with licensing requirements.

What are the main challenges Designated Managing Brokers face in balancing compliance oversight with supporting their agents' growth?

Designated Managing Brokers often juggle the responsibility of maintaining strict compliance with state and local real estate regulations while also fostering a supportive environment for agents to grow their business. This can involve regular training, reviewing transactions for legal accuracy, and staying updated on regulatory changes—sometimes in fast-paced, high-volume offices. Balancing these duties requires strong communication skills, attention to detail, and the ability to mentor agents without compromising compliance standards. Many brokers find success by implementing clear processes and investing in ongoing professional development for themselves and their teams.

What is a Designated Managing Broker?

A Designated Managing Broker is a licensed real estate professional responsible for overseeing the operations of a real estate office or firm. They ensure that all agents comply with state laws, regulations, and ethical standards. The Designated Managing Broker is typically accountable for the supervision, training, and conduct of brokers and salespersons working under their license. They often handle administrative duties, manage contracts, and serve as the primary point of contact for legal or regulatory matters related to the business.

What does designated managing broker mean?

A designated managing broker is a licensed real estate broker responsible for overseeing real estate activities within a brokerage, ensuring compliance with laws and regulations. They often supervise agents, handle transactions, and may hold additional certifications or licenses depending on state requirements.

How do managing brokers get paid?

Managing brokers typically earn a salary or a combination of salary and commission, depending on the firm. They may also receive bonuses based on team performance or sales volume and often have additional responsibilities that influence their compensation structure.

What are the key skills and qualifications needed to thrive as a Designated Managing Broker, and why are they important?

To thrive as a Designated Managing Broker, you need an active real estate broker’s license, extensive experience in real estate transactions, and strong knowledge of state and local regulations. Mastery of real estate management software, MLS systems, and ongoing continuing education or certifications are typically required. Exceptional leadership, conflict resolution, and communication skills help guide agents and ensure compliance within the brokerage. These skills are vital for risk management, legal compliance, and fostering a productive, ethical real estate team.

What is the difference between Designated Managing Broker vs Real Estate Agent?

AspectDesignated Managing BrokerReal Estate Agent
CredentialsRequires broker license, additional education, and experienceRequires real estate license
Work EnvironmentOversees brokerages, manages agents, ensures complianceAssists clients in buying/selling properties
Employer & Industry UsageLicensed to manage real estate firmsWorks under a broker, in real estate industry

The main difference is that a Designated Managing Broker holds a broker license and manages real estate firms, while a Real Estate Agent assists clients with property transactions under a broker's supervision. The Designated Managing Broker has broader responsibilities and oversight duties within the industry.

What states have the most Designated Managing Broker jobs? States with the most job openings for Designated Managing Broker jobs include:
What job categories do people searching Designated Managing Broker jobs look for? The top searched job categories for Designated Managing Broker jobs are:
Designated Managing Broker jobs near you
Infographic showing various Designated Managing Broker job openings in the United States as of July 2026, with employment types broken down into 1% Locum Tenens, 89% Full Time, 5% Part Time, and 5% Contract. Highlights an 78% Physical, 6% Hybrid, and 16% Remote job distribution, with an average salary of $51,095 per year, or $24.6 per hour.

Managing Broker

Cross Street Real Estate LLC

Chicago, IL • On-site

$70K/yr

Full-time

Medical, Dental, Vision, PTO

Posted 6 days ago

Job description

Description:

Cross Street is hiring a Managing Broker for our Chicago office. This role is heavily involved in shaping how brokerage runs across the company. If you’re someone who thrives behind the scenes building systems, loves developing agent talent, and wants to have a lasting impact on how a growing brokerage operates, this is a good fit for you.


As Managing Broker, you’ll serve as the official Managing Broker for our Illinois operations while playing a central role in shaping how Cross Street’s brokerage functions company-wide. You’ll own broker recruiting, onboarding, training, and career development across the organization, while also building and refining the systems, processes, and compliance frameworks that keep our brokerage running at the highest level.


About Cross Street

Cross Street is a Chicago-based real estate services firm with deep roots in property operations and client service. Cross Street combines institutional-quality expertise with entrepreneurial flexibility, offering clients a full suite of brokerage and advisory services. We lead with hustle, heart, and real data, balancing creativity with strategy to drive results that matter.


What We’re Looking For

? Active Illinois real estate license with Managing Broker designation (or ability to obtain).

? 5+ years of experience in real estate, with a strong background in brokerage operations, training, or agent development.

? Strong understanding of state laws and regulatory compliance.

? Passion for mentoring others and helping people grow.

? A people-first approach that fosters collaboration, not competition.

? Comfort working in a fast-growing, startup-style environment.

? Experience with budgeting, forecasting, and using data to drive decisions.


How You’ll Stand Out

? You have strong local knowledge or a desire to learn your market inside and out

? You are proficient with Google Suite

? You have solid connections in the industry (lenders, attorneys, contractors)

? You have a 2- or 4-year college degree


What We Offer

? Base salary ($70k) + Commission + Profit Sharing Structure

? Comprehensive benefits package including Medical (BCBS), Dental and Vision Insurance

? Paid time off: 15 vacation days and 5 sick days

? Leadership opportunity to shape and scale a brokerage division.

? Oversight of a growing, multi-market platform.

? Access to Cross Street’s established network.

? A collaborative and entrepreneurial culture committed to innovation and career growth.


Requirements: