what is gci in real estate

11 months ago 35
Nature

GCI in real estate stands for Gross Commission Income. It is the total earnings from real estate commissions on a transaction before the split with the brokerage

. GCI is a crucial metric for real estate agents as it measures their performance and revenue stream. It is calculated by multiplying the commission rate by the property's final sale price

. Tracking GCI is essential for agents to evaluate their performance, set goals, and make financial plans