Property Valuation
In a competitive market analysis (CMA), a Maryland real estate agent compares the subject property to:
AOnly current active listings
BRecently sold, currently active, and expired listings✓ Correct
CProperties in other states
DOnly properties listed in the past week
Explanation
A CMA analyzes recently sold properties (what buyers paid), currently active listings (competition), and expired listings (prices the market rejected) to estimate a property's market value.
Related Maryland Property Valuation Questions
- Accrued depreciation in the cost approach is the sum of:
- In the sales comparison approach, an appraiser makes adjustments to comparables for differences. If a comparable has a feature the subject does NOT have, the adjustment to the comparable is:
- In the income approach, potential gross income (PGI) is best described as:
- In the income approach, effective gross income (EGI) is calculated as:
- Which type of depreciation is caused by poor floor plan design and is generally considered incurable?
- In Maryland, the principle of contribution states that the value of a component is measured by:
- Which professional is required to perform an appraisal for a federally regulated mortgage transaction in Maryland?
- Maryland market rent is defined as:
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