Agency
When a Florida buyer's agent prepares a comparative market analysis (CMA) for the buyer, this is considered:
AAn appraisal that must comply with USPAP
BA professional service that helps the buyer make an informed offer but is not a formal appraisal✓ Correct
CPracticing as an appraiser without a license
DA service only licensed appraisers can provide
Explanation
A CMA is an informal analysis of comparable sales performed by a licensee to assist a buyer or seller in pricing decisions. It is NOT a formal appraisal and does not need to comply with USPAP. Only licensed appraisers may perform appraisals for federally related transactions.
Related Florida Agency Questions
- A Florida real estate licensee working as a transaction broker has which of the following duties?
- A Florida real estate licensee acting as a single agent for a buyer discovers that the property being purchased has undisclosed structural damage. The licensee should:
- Under Florida's Brokerage Relationship Disclosure Act, the default brokerage relationship (when no written agreement exists) is:
- Designated sales associate representation in Florida allows:
- A Florida buyer's agent discovers their buyer has a history of defaulting on mortgages. The agent should:
- Under Florida law, an agent who fails to disclose a known material defect to a buyer could face which consequence?
- The duty of 'confidentiality' owed by a Florida single agent requires the agent to:
- A Florida licensee's fiduciary duties under a single agent relationship include 'obedience.' This duty means the licensee must:
Practice More Florida Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Florida Quiz →