Property Valuation
When performing a comparative market analysis (CMA), a real estate agent is providing:
AA certified appraisal that may be used for mortgage purposes
BAn estimate of market value based on comparable sales to help price a listing or guide a buyer✓ Correct
CA legal opinion of title
DA structural inspection report
Explanation
A CMA is an estimate of market value prepared by a real estate licensee, based on analysis of recent comparable sales. It is NOT a certified appraisal and cannot be used for mortgage purposes. It is used to help sellers price their property or help buyers evaluate an offer price.
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