Property & OwnershipPregunta 106 de 120
A comparative market analysis (CMA) prepared by a sales agent to help price a listing is:
a.A legally certified appraisal
b.A guarantee of the final sales price
c.An estimate of value based on comparable sales, not a formal appraisal
d.Required by federal law for every sale
Explicación
A CMA uses recent comparable sales and market data to help an agent and seller set a competitive list price, but it is not a formal appraisal. Only a licensed or certified appraiser can perform an appraisal for lending purposes.
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