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Gross Commissionable Income

Polish translation: prowizja brutto

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:gross commissionable income (GCI)
Polish translation:prowizja brutto
Entered by: mike23

18:43 Aug 10, 2016
English to Polish translations [PRO]
Real Estate
English term or phrase: Gross Commissionable Income
Also GCI in real estate
Alekssandra21
Poland
Local time: 21:37
prowizja brutto
Explanation:
prowizja brutto

--------------------------------------------------
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...
Selected response from:

mike23
Poland
Local time: 21:37
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1dochód brutto, z którego należy się prowizja
Dimitar Dimitrov
3 +2prowizja brutto
mike23


  

Answers


4 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
gross commissionable income
dochód brutto, z którego należy się prowizja


Explanation:
IMO, moim zdaniem.

Dimitar Dimitrov
Bulgaria
Local time: 22:37
Works in field
Native speaker of: Native in BulgarianBulgarian
PRO pts in category: 8

Peer comments on this answer (and responses from the answerer)
agree  Frank Szmulowicz, Ph. D.: Masz wszystko co trzeba.
17 mins
  -> Dzięki Frank!
Login to enter a peer comment (or grade)

24 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
gross commissionable income
prowizja brutto


Explanation:
prowizja brutto

--------------------------------------------------
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...


mike23
Poland
Local time: 21:37
Works in field
Native speaker of: Native in PolishPolish
PRO pts in category: 90
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  Frank Szmulowicz, Ph. D.
5 hrs
  -> Dziękuję Frank
agree  Roman Kozierkiewicz
9 hrs
  -> Dziękuję Panie Romanie
Login to enter a peer comment (or grade)



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