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Managing Principal Broker Jobs (NOW HIRING)

Farbman Group

Associate Broker

Northbrook, IL · On-site

Collaborate with senior brokers and principals on deal strategy and client presentations * Prepare and deliver market analyses, comp reports, and leasing activity summaries * Utilize CRM tools to ...

Coldwell Banker Sunstar Realty

$50K - $250K/yr

Principal Broker for Cartus Relocation, the world's leader in Relocation and Affinity Services. Referrals and relocation increase the number of buyers for your home. Property Management: Full ...

New

Coldwell Banker Sunstar Realty

Realtor

Palm Bay, FL · On-site

$50K - $250K/yr

Principal Broker for Cartus Relocation, the world's leader in Relocation and Affinity Services. Referrals and relocation increase the number of buyers for your home. Property Management: Full ...

New

Coldwell Banker Sunstar Realty

Realtor

Englewood, FL · On-site

$50K - $250K/yr

Principal Broker for Cartus Relocation, the world's leader in Relocation and Affinity Services. Referrals and relocation increase the number of buyers for your home. Property Management: Full ...

New

SalesFirst Recruiting-1

Director of Agent Growth

Tigard, OR · On-site

$85K - $100K/yr

Principal Broker, Managing Broker, or comparable real estate license is a strong plus * Oregon real estate experience preferred; Washington and Idaho licensing exposure is helpful * Must be local to ...

Coldwell Banker Sunstar Realty

MI · On-site

$50K - $250K/yr

Principal Broker for Cartus Relocation - the world's leader in Relocation and Affinity Services. We increase the number of buyers for your home through referrals and relocation. Property Management:

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Managing Principal Broker information

See salary details

$36.5K

$109.4K

$182K

How much do managing principal broker jobs pay per year?

As of Sep 15, 2026, the average yearly pay for managing principal broker in the United States is $109,393.00, according to ZipRecruiter salary data. Most workers in this role earn between $85,000.00 and $125,000.00 per year, depending on experience, location, and employer.

What is a managing principal broker?

A Managing Principal Broker is a licensed real estate professional who oversees the operations of a real estate brokerage firm. They are responsible for supervising other brokers and agents, ensuring legal and ethical compliance, and managing the day-to-day activities of the office. The Managing Principal Broker often handles complex transactions, provides training and guidance to staff, and may also be involved in recruiting agents. Their primary role is to ensure the brokerage operates smoothly and adheres to all relevant real estate laws and regulations.

What are the key skills and qualifications needed to thrive as a managing principal broker?

To thrive as a Managing Principal Broker, you need deep knowledge of real estate laws, sales management, and a valid real estate broker’s license, often with several years of industry experience. Familiarity with multiple listing services (MLS), contract management platforms, and compliance tracking systems is essential. Outstanding leadership, negotiation, and conflict-resolution skills help you guide agents and maintain client relationships. These competencies are crucial for ensuring regulatory compliance, achieving sales targets, and fostering a high-performing brokerage team.

What are some common challenges faced by a managing principal broker when leading a real estate team?

Managing Principal Brokers often navigate challenges such as balancing compliance with complex real estate regulations while supporting agents in achieving their sales goals. They must foster a collaborative team culture, provide ongoing training, and mediate conflicts between agents or with clients. Additionally, maintaining quality control over transactions and adapting to changing market conditions are key aspects of the role. Effective communication and strong leadership skills are crucial for overcoming these challenges and ensuring the success of both the brokerage and its agents.

What is the difference between Managing Principal Broker vs Real Estate Broker?

AspectManaging Principal BrokerReal Estate Broker
CredentialsRequires broker license, additional management certificationsRequires broker license, real estate license
Work EnvironmentOversees multiple offices or agencies, manages teamsHandles property transactions, client interactions
Employer & Industry UsageReal estate firms, brokerages, property management companiesReal estate agencies, brokerage firms
Search & Comparison IntentUnderstanding leadership roles in real estate firmsReal estate transactions and brokerage operations

The Managing Principal Broker typically holds a higher leadership position, overseeing multiple offices and managing teams within a real estate firm. A Real Estate Broker focuses more on facilitating property transactions and client services. While both roles require broker licenses, the Managing Principal Broker has additional management responsibilities and certifications. They are often found in larger organizations, whereas Real Estate Brokers work directly with clients in day-to-day transactions.

Do managing principal brokers get paid a salary?

Managing principal brokers typically receive a combination of salary and commissions, with the salary providing a stable income and commissions based on sales or transactions they oversee. Compensation structures vary by company and industry, and some may also include bonuses or profit sharing. Licensing requirements and experience influence their pay arrangements.
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Managing Principal Broker jobs near you
Infographic showing various Managing Principal Broker job openings in the United States as of September 2026, with employment types broken down into 87% Full Time, 11% Part Time, and 2% Contract. Highlights an 86% Physical, 3% Hybrid, and 11% Remote job distribution, with an average salary of $109,393 per year, or $52.6 per hour.

Associate Broker

Northbrook, IL • On-site

Farbman Group
Nonresidential Properties Rental • 51 - 200 employees
Learn more about Farbman Groupexternal

Contractor

Re-posted 20 days ago

Job description

ABOUT FARBMAN GROUP OF CHICAGO

Farbman Group of Chicago is a boutique commercial real estate firm specializing in downtown Chicago office and retail leasing. With deep Loop and River North relationships, an active deal pipeline, and a collaborative team platform, we provide experienced brokers the tools to build and grow a meaningful book of business. We represent both landlords and tenants across Chicago's premier submarkets.

THE OPPORTUNITY

We are seeking a motivated, entrepreneurial Associate Broker (1099 independent contractor, commission-only) to join our Chicago team.

This is a hands-on production role - you will be sourcing new assignments, working active deals alongside senior brokers, and building long-term client relationships from day one. The ideal candidate is highly self-directed, knowledgeable in the Chicago market, and thrives in a high-accountability, commission-driven environment.

This role includes access to senior-level mentorship, established landlord relationships, and a performance-based path toward increased production responsibility and senior broker opportunities.

KEY RESPONSIBILITIES
  • Source and develop new landlord and tenant representation assignments
  • Execute leasing strategies for assigned office and retail listings across downtown Chicago
  • Conduct property tours, prepare proposals, and negotiate letters of intent and lease terms
  • Research and qualify prospective tenants and maintain an active prospect pipeline
  • Collaborate with senior brokers and principals on deal strategy and client presentations
  • Prepare and deliver market analyses, comp reports, and leasing activity summaries
  • Utilize CRM tools to manage pipeline and track deal activity
  • Attend industry events, networking functions, and client meetings to build market presence
  • Support property marketing efforts including email campaigns, flyers, and listing platforms (CoStar, LoopNet)

Requirements

QUALIFICATIONS
  • Active Illinois Real Estate Broker License
  • 1-3 years of commercial real estate brokerage or directly related experience
  • Demonstrated knowledge of downtown Chicago office and/or retail markets
  • Strong interpersonal, negotiation, and written communication skills
  • Ability to independently manage multiple deals and deadlines
  • Proficiency with Microsoft Office Suite; familiarity with CoStar and LoopNet

PREFERRED EXPERIENCE

    • Existing book of business or established tenant/landlord relationships
    • Experience in landlord representation, leasing strategy, or tenant canvassing
    • Familiarity with lease documentation, LOI negotiation, and lease abstraction
    • Experience with CRM platforms and listing tools (Buildout, Apto, etc.)
    • Bachelor's degree in Business, Real Estate, Finance, or related field

Benefits

  • 1099 independent contractor (commission-only) structure with no cap on earnings
  • Direct mentorship and deal collaboration with experienced Chicago-market principals
  • Access to active landlord assignments and established institutional client base
  • Full marketing and listing infrastructure (CoStar, LoopNet, Buildout, custom property marketing tools)
  • Entrepreneurial, production-driven platform where performance is directly rewarded
  • Performance-based growth opportunities within the brokerage platform
  • Flexible, results-oriented structure

Apply