Property Valuation
A broker's comparative market analysis (CMA) is used to:
AProvide a certified appraisal for mortgage purposes
BHelp sellers determine a realistic listing price based on comparable sales✓ Correct
CReplace the need for a title search
DEstablish the property's assessed value
Explanation
A CMA analyzes recent comparable sales, active listings, and expired listings to help the seller and their agent determine an appropriate listing price for the property.
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