What do gross sales mean in a real estate scenario?
Posted on July 23rd, 2010 in Renting & Real Estate | 1 Comment »
Albert geoffred asked:
How is gross sales defined in terms of real estate? Is the definition similar to the standard business definition of gross sales (total number of sales in a given time), or is there a difference?
One Response
Westlake Village Real Estate
Yes it is similar. Gross sales is the total amount of brokered sales. But remember, brokered sales differs because it counts both buyers and sellers (or both) depending upon whom was represented.