Property Valuation
What is a Comparative Market Analysis (CMA)?
AA formal appraisal conducted by a licensed appraiser
BAn informal estimate of value prepared by a real estate agent using recent comparable sales✓ Correct
CA government-ordered assessment for tax purposes
DA financial analysis of rental income potential
Explanation
A CMA is an informal analysis prepared by a real estate licensee using recent sales, listings, and expired listings to estimate a property's probable market value. It is not a formal appraisal.
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