Property Valuation
A comparative market analysis (CMA) is performed by:
ALicensed appraisers only
BReal estate licensees to help set a listing price✓ Correct
CCounty assessors
DMortgage lenders
Explanation
A CMA is prepared by real estate licensees to help sellers determine an appropriate listing price or help buyers assess the value of a property. It is not an appraisal and cannot be used for mortgage lending purposes.
Related Arkansas Property Valuation Questions
- The leasehold interest represents:
- What is the purpose of a Broker Price Opinion (BPO)?
- The principle of ANTICIPATION in appraisal states that:
- A property has an NOI of $36,000 and a cap rate of 8%. What is its estimated value?
- Capitalization rate (cap rate) is defined as:
- A property's assessed value for tax purposes is determined by:
- The principle of contribution states that the value of an improvement is measured by:
- A property's Gross Rent Multiplier (GRM) is calculated by dividing the:
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