article thumbnail

What Is GCI (Gross Commission Income) In Real Estate?

Bay Property Management Group

Instead, they split it with their broker (the company they work for). These expenses can include broker splits, marketing costs, transaction fees, and other business-related costs. The split is based on a percentage theyve agreed upon beforehand. Lets say an agent sells a home for $450,000, and the agreed commission is 3%.

article thumbnail

What is a Mortgage Broker?

BiggerPockets

Before a soon-to-be homeowner takes out a mortgage, they should understand what a mortgage broker is, the benefits of using one, and how to choose the best broker. This guide can help borrowers decide if using a mortgage broker is the right decision.

Broker 93
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Is a Real Estate Broker?

BiggerPockets

A broker is an essential real estate partner. We'll explain what is a real estate broker and how they can help you land your next investment property.

article thumbnail

Tenants in Big Cities Could Save Thousands if “Broker Fee” Reform Passes

BiggerPockets

New “broker fee” reform could help tenants save thousands of dollars when finding their next apartment or home to rent, but it could come at a significant cost to landlords. […]

Broker 91
article thumbnail

Property managers’ revenue may be growing more than they think [The Lookout]

Buildium

And second: Brokering property sales is also less profitable, with rental owners buying and selling fewer properties in the current market. Our research shows that two services that businesses have previously relied on are generating less revenue than they once did. 41% will expand the services they provide.

article thumbnail

What’s the Difference Between a Mortgage Banker and a Mortgage Broker?

BiggerPockets

Both mortgage bankers and mortgage brokers can close quickly—But which one is best for your particular needs? As a residential real estate investor, you need to determine the best places to find financing.

Broker 76
article thumbnail

How to Choose the Right Commercial Broker for Your Next Investment

BiggerPockets

Not every commercial real estate broker knows how to help investors succeed. Here are four questions to ask any potential agent.

Broker 66