Property Valuation
Which of the following best describes a Comparative Market Analysis (CMA)?
AA federally regulated appraisal report
BA report prepared by a real estate licensee using recent comparable sales to estimate a property's market value✓ Correct
CAn assessment report prepared by the county assessor
DA property inspection report prepared by a home inspector
Explanation
A CMA is a report prepared by a real estate licensee (not a licensed appraiser) using data on recent comparable sales, current listings, and expired listings to help estimate a property's likely market value for pricing purposes.
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