Property Valuation
A comparative market analysis (CMA) in New Hampshire is prepared by:
AA licensed appraiser only
BA real estate licensee to assist a seller or buyer with pricing decisions✓ Correct
CThe NHREC to set market values for tax purposes
DA certified public accountant
Explanation
A CMA is prepared by a licensed real estate agent or broker (not an appraiser) to help clients understand market pricing. A CMA is not an appraisal and cannot be used for lending purposes.
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Related New Hampshire Questions
- When a real estate agent prepares a comparative market analysis (CMA), the agent is providing:Property Valuation
- The appraisal approach most commonly used for valuing single-family homes in New Hampshire's Manchester and Nashua markets is:Property Valuation
- A NH appraiser who uses three comparables all located 20 miles from the subject property in a different market may produce an unreliable appraisal because:Property Valuation
- In NH appraisal, paired sales analysis is used to measure the value contribution of:Property Valuation
Key Terms to Know
Appraisal
A professional estimate of a property's market value prepared by a licensed or certified appraiser.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
Capitalization Rate (Cap Rate)A rate used to estimate the value of income-producing property, calculated as Net Operating Income divided by property value.
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