Property Valuation
In Idaho, what does a Competitive Market Analysis (CMA) primarily help determine?
AThe property's assessed value for tax purposes
BAn appropriate listing or offer price based on comparable sales✓ Correct
CThe cost to rebuild the property
DThe property's zoning classification
Explanation
A CMA (Competitive Market Analysis) is prepared by a real estate agent to help sellers set a listing price or buyers determine an offer price, using recently sold comparable properties in the area.
Related Idaho Property Valuation Questions
- When an appraiser makes a positive adjustment to a comparable sale, it means:
- In Idaho, what government office produces the assessed value used for property tax calculations?
- External (economic) obsolescence in an appraisal is characterized by:
- Which of the following would be considered a physical characteristic affecting property value?
- What is the purpose of a 'drive-by' or 'exterior-only' appraisal in Idaho?
- When an appraiser 'brackets' comparable sales, they are:
- What is the 'income capitalization approach' to property value and what is the formula?
- Which appraisal approach estimates value by calculating the cost to reproduce or replace a structure minus depreciation, plus land value?
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