Managing Broker Salary in Chicago, Illinois

How much does a Managing Broker make in Chicago, IL?

As of March 01, 2025, the average annual salary for a Managing Broker in Chicago, IL is $258,594. Salary.com reports that pay typically ranges from $208,734 to $323,005, with most professionals earning between $163,339 and $381,649.

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Salary range for an Managing Broker

$208,734 to $323,005

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Managing Broker

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Job Openings for Managing Broker in Chicago, IL

What does a Managing Broker do?

Common responsibilities of a Managing Broker

Provide effective and efficient working conditions, space, equipment, and a positive environment that will maximize the effectiveness of sales associates and employees in accomplishing the objectives of the branch office.

January 08, 2023

Manage all tasks associated with acquisition (operate as a project manager, as tasks may not be executed exclusively by this role, such as setting goals, ideal agent profiles, online and print marketing, drip campaigns, retargeting, CRM management, Broker Metrics analytics, outbound calls, inbound calls, initial discovery call, face to face appointments, company document review, invitations to events/classes, follow-up, follow-through, offer letter, tracking KPIs).

March 25, 2023

Train agents and create an efficient system to hold them accountable.

March 30, 2023

Develop, recommend, and implement programs and long range objectives designed to enhance the business strategy and enable it to achieve its goals relative to profitability, cost control, and organizational effectiveness with regard to new construction, market share, listing inventory, existing home sales, and other issues as appropriate.

April 16, 2023

Recruit, select, train, motivate and retain associates and support staff for the successful performance of the branch office and contribute to fulfilling the company-wide objectives.

April 29, 2023

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Managing Broker Salary By Experience Levels in Chicago, IL

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Managing Broker Salary By Level of Education in Chicago, IL

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Managing Broker in Chicago, IL

Average Base Salary

Core compensation

208734

323005

258594

Average Total Cash Compensation

Includes base and annual incentives

230225

431475

301128

What is the average salary for Managing Broker in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Managing Broker in Chicago, IL. The base salary for Managing Broker ranges from $208,734 to $323,005 with the average base salary of $258,594. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $230,225 to $431,475 with the average total cash compensation of $301,128.

View Average Salary for Managing Broker as table

	Average Salary	Average Salary Range
Base Salary	$258,594	$208,734 - $323,005
Bonus	$42,534	$21,491 - $108,470
Total Pay	$301,128	$230,225 - $431,475

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Managing Broker Salary Near Chicago, IL

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Chicago, IL
CITY, STATE Cicero, IL	AVERAGE SALARY RANGE $209,908 - $324,822	COMPARE TO Chicago, IL
CITY, STATE Oak Park, IL	AVERAGE SALARY RANGE $209,908 - $324,822	COMPARE TO Chicago, IL
CITY, STATE Oak Lawn, IL	AVERAGE SALARY RANGE $209,669 - $324,453	COMPARE TO Chicago, IL
CITY, STATE Evanston, IL	AVERAGE SALARY RANGE $209,828 - $324,699	COMPARE TO Chicago, IL
CITY, STATE Skokie, IL	AVERAGE SALARY RANGE $209,828 - $324,699	COMPARE TO Chicago, IL
CITY, STATE Arlington Heights, IL	AVERAGE SALARY RANGE $205,130 - $317,429	COMPARE TO Chicago, IL

See salaries for Managing Broker in locations close to Chicago, IL. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Chicago, Illinois

Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third most populous city in the United States. With an estimated population of 2,716,450 (2017), it is the most populous city in the Midwest. Chicago is the principal city of the Chicago metropolitan area, often referred to as Chicagoland, and the county seat of Cook County, the second most populous county in the United States. The metropolitan area, at nearly 10 million people, is the third-largest in the United States, and the fourth largest in North A...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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The Managing Broker job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Chicago, IL that might be a good fit for the type of job and salary you are looking for.

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