Glossary entry (derived from question below)
English term or phrase:
gross commissionable income (GCI)
Polish translation:
prowizja brutto
Added to glossary by
mike23
Aug 10, 2016 18:43
7 yrs ago
1 viewer *
English term
Gross Commissionable Income
English to Polish
Other
Real Estate
Also GCI in real estate
Proposed translations
(Polish)
3 +2 | prowizja brutto | mike23 |
4 +1 | dochód brutto, z którego należy się prowizja | Dimitar Dimitrov |
Change log
Aug 24, 2016 05:31: mike23 Created KOG entry
Proposed translations
+2
24 mins
Selected
prowizja brutto
prowizja brutto
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Note added at 26 mins (2016-08-10 19:10:22 GMT)
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Gross Commissionable Income
It's the amount of money paid by the seller on the completion of a real estate sale, and thus received by the broker(s). But because there are often a few different players involved in the transaction, GCI is relative to each brokerage firm.
For example, if the seller has agreed to pay a 6% commission, and accepts an offer of $100,000 the the total GCI would be $6,000.
...
It's the gross commission income.
In other words, it's the amount of commission earned before broker's splits and taxes.
Example:
3 percent commission on a 500k purchase is $15,000 GCI.
However, if the agent is on 50 / 50 split with broker, the net before taxes is only $7500, and then the agent has to pay Uncle Sam before they get their true take home.
https://www.quora.com/In-real-estate-what-does-GCI-mean
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Note added at 13 days (2016-08-24 05:34:08 GMT) Post-grading
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GCI - Gross Commission Income. The total amount of commission dollars the Market Center receives from a transaction.
http://southwestlasvegas.yourkwoffice.com/mcj/user/additiona...
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Note added at 26 mins (2016-08-10 19:10:22 GMT)
--------------------------------------------------
Gross Commissionable Income
It's the amount of money paid by the seller on the completion of a real estate sale, and thus received by the broker(s). But because there are often a few different players involved in the transaction, GCI is relative to each brokerage firm.
For example, if the seller has agreed to pay a 6% commission, and accepts an offer of $100,000 the the total GCI would be $6,000.
...
It's the gross commission income.
In other words, it's the amount of commission earned before broker's splits and taxes.
Example:
3 percent commission on a 500k purchase is $15,000 GCI.
However, if the agent is on 50 / 50 split with broker, the net before taxes is only $7500, and then the agent has to pay Uncle Sam before they get their true take home.
https://www.quora.com/In-real-estate-what-does-GCI-mean
--------------------------------------------------
Note added at 13 days (2016-08-24 05:34:08 GMT) Post-grading
--------------------------------------------------
GCI - Gross Commission Income. The total amount of commission dollars the Market Center receives from a transaction.
http://southwestlasvegas.yourkwoffice.com/mcj/user/additiona...
4 KudoZ points awarded for this answer.
Comment: "Selected automatically based on peer agreement."
+1
4 mins
dochód brutto, z którego należy się prowizja
IMO, moim zdaniem.
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