Valuation & AppraisalCâu 55 / 120
A comparative market analysis (CMA) prepared by a licensee to help price a listing is:
a.A federally certified appraisal
b.An estimate of value based on comparable sales, not a formal appraisal
c.A binding valuation
d.Required to use the income approach
Giải thích
A CMA is a licensee's informal pricing tool comparing similar recently sold, active, and expired listings. It is not a certified appraisal and does not meet formal appraisal standards. Agents use it to help sellers set a competitive list price.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- The appraisal principle stating that a buyer will pay no more for a property than the cost of an equally desirable substitute is the principle of:
- The legally permissible and most profitable use that produces the greatest value for a parcel is its:
- An outdated floor plan that reduces a home's value is an example of:
- The principle that value is maximized when properties in an area are reasonably similar in style and use is the principle of:
- A modest home located among larger, more expensive homes tends to be worth more because of the principle of:
- A large luxury home surrounded by smaller modest homes is worth less than it would be elsewhere because of the principle of:
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Đội Ngũ Biên Tập PrepPass · Đối chiếu với California DRE Real Estate Salesperson License Exam · Quy trình kiểm tra