Nevada License Law
What is the Nevada rule regarding a licensee providing a comparative market analysis (CMA)?
AOnly licensed appraisers can provide CMAs in Nevada
BNevada licensees may prepare CMAs to help clients determine listing or purchase prices, but must clarify that a CMA is not an appraisal and should not be used to qualify for a loan or for tax purposes✓ Correct
CCMAs are prohibited for licensed agents
DCMAs must be submitted to NRED for approval before delivery
Explanation
Nevada licensees regularly prepare CMAs as part of their services. A CMA is not a licensed appraisal — it uses recent sales and active listings to estimate market value for pricing purposes. Agents must be clear that a CMA is an agent opinion of value, not a certified appraisal under USPAP.
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