  The masses of the central black holes in Active Galactic Nuclei (AGNs) can be
estimated using the broad emission-lines as a probe of the virial mass. Using
reverberation mapping to determine the size of the Broad Line Region (BLR) and
the width of the variable component of the line profile H$\beta$ line it is
possible to find quite accurate virial mass estimates for AGNs with adequate
data. Compiling a sample of AGNs with reliable central masses and bulge
magnitudes we find an average black-hole-to-bulge mass ratio of 0.0003, a
factor of 20 less than the value found for normal galaxies and for bright
quasars. This lower ratio is more consistent with the back hole mass density
predicted from quasar light, and is similar to the central black hole/bulge
mass ratio in our Galaxy. We argue that the black hole/bulge mass ratio
actually has a significantly larger range than indicated by mssive black holes
detected in normal galaxies (using stellar dynamics) and in bright quasars,
which may be biased towards large black holes. We derive a scenario of black
hole growth that explains the observed distribution.
