Property Valuation
What is a market analysis (CMA) as used by Nevada real estate agents?
AA formal appraisal by a licensed appraiser
BA competitive market analysis prepared by an agent to help price a property based on comparable listings and sales✓ Correct
CA government assessment of property value for tax purposes
DAn analysis required by NRED for all listing agreements
Explanation
A Comparative Market Analysis (CMA) is prepared by a Nevada agent to estimate a property's market value by analyzing comparable active listings, recent sales, and expired listings. It is not an appraisal but is used to advise clients on pricing.
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