For a domain or workgroup to be seen on a given subnet (really, broadcast domain of a LAN, not necessarily a single IPv4 subnet per se), it must have at least one member on that subnet, and that member (or "one of those members" if there are more than one) must act as a master browser for that domain or workgroup on that subnet.
So you should expect to see one master browser for each domain or workgroup that has members present on that subnet. So if you have a subnet with 4 machines and each is a member of a different domain or workgroup, then each will be the master browser for its own domain/workgroup on that subnet, so you will have 4 master browsers on that subnet.
I don't know the internals of the exact registrations well enough to tell you how that maps to registrations of the group name \x01\x02__MSBROWSE__\x02\x01.
smb - java.net.UnknownHostException: ..__MSBROWSE__ when using jcifs - Stack Overflow
Invalid characters in Synology 'Master Browser' might explain why some people have browsing issues when trying to find their devices
Samba Share Addon insists on being the Master Browser of my network
MSBROWSE lost
Videos
I wanted to test network browsing performance with my Synology enabled as a Windows network master browser, but found that it may be a broken service when I tried a simple 'net view' and noticed that nothing would return. Then I used 'nbtstat' to see what my Synology was advertising, and noticed this:
Node IpAddress: [IPADDRESS] Scope Id: []
NetBIOS Remote Machine Name Table
Name Type Status
---------------------------------------------
SYNOLOGY <00> UNIQUE Registered
SYNOLOGY <03> UNIQUE Registered
SYNOLOGY <20> UNIQUE Registered
☺☻__MSBROWSE__☻<01> GROUP Registered
WORKGROUP <00> GROUP Registered
WORKGROUP <1D> UNIQUE Registered
WORKGROUP <1E> GROUP Registered
MAC Address = 00-00-00-00-00-00A proper master browser entry as displayed at a Windows command line should look like this:
..__MSBROWSE__.<01> GROUP Registered
The dots are actually non-printing characters but should show up as dots - not smiley faces, so something seems to be amiss and non-standard here.
edit: tweaked formatting