Property Valuation
What is a 'comparative market analysis' (CMA) in Delaware real estate?
AA formal appraisal conducted by a licensed appraiser
BA broker's estimate of market value based on comparable recent sales✓ Correct
CA tax assessment conducted by the county assessor
DA federal appraisal required for FHA loans
Explanation
A CMA is an estimate of a property's market value prepared by a real estate broker or agent, based on recent sales of comparable properties. It is not a formal appraisal but helps sellers set listing prices and buyers make offers.
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