What is referred to as the total amount of money to be collected by the seller of a property?

The term that refers to the total amount of money to be collected by the seller of a property is known as "gross proceeds." This figure represents the total sale price of the property before any deductions are made, such as closing costs, commissions, or any other expenses associated with the sale. It provides an important metric for sellers to understand how much money they will receive from the transaction without considering any liabilities or costs.

In contrast, other terms such as "net proceeds" would refer to the amount remaining after all selling costs have been deducted from the gross proceeds. "Gross revenue" typically pertains to total income generated from a business before any expenses are subtracted, which is a different context altogether. "Market value" describes the estimated price that a property would bring in the current market conditions but does not specifically represent the total amount to be collected by the seller. Understanding these distinctions is crucial for interpreting the financial aspects of real estate transactions accurately.