What does the term GCI stand for?

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Multiple Choice

What does the term GCI stand for?

Explanation:
GCI stands for Gross Commission Income—the total commission dollars earned from real estate transactions before any splits, fees, or deductions. It’s the top-line measure of production, showing the overall size of your and the brokerage’s earnings from a deal. For example, a sale with a 6% commission on a $500,000 home yields a GCI of $30,000. What you actually take home after broker splits and other deductions is Net Commission Income, not GCI. The other terms listed refer to different concepts and don’t define this acronym.

GCI stands for Gross Commission Income—the total commission dollars earned from real estate transactions before any splits, fees, or deductions. It’s the top-line measure of production, showing the overall size of your and the brokerage’s earnings from a deal. For example, a sale with a 6% commission on a $500,000 home yields a GCI of $30,000. What you actually take home after broker splits and other deductions is Net Commission Income, not GCI. The other terms listed refer to different concepts and don’t define this acronym.

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