Property Valuation
In Hawaii, a broker preparing a comparative market analysis (CMA) for a seller:
AA. Is performing a certified appraisal and must be licensed as an appraiser
BB. Is providing a marketing tool estimate, not a certified appraisal✓ Correct
CC. May not use this analysis to determine a listing price
DD. Must use only properties sold in the past 30 days
Explanation
A CMA is a marketing tool prepared by a real estate agent to help set a listing price. It is not a certified appraisal and cannot be used for federally related lending purposes.
Related Hawaii Property Valuation Questions
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