Agency
A North Dakota real estate agent is asked to provide a 'comparative market analysis' (CMA). This is different from an appraisal because a CMA:
AIs more accurate than an appraisal
BIs prepared by a real estate agent to estimate market value for pricing purposes, not for lending, and does not carry the same regulatory requirements as a licensed appraisal✓ Correct
CCan be used by lenders for mortgage decisions
DFollows USPAP standards
Explanation
A CMA is a market analysis prepared by a real estate agent to help price a listing or evaluate a property for a buyer. It does not meet USPAP standards and cannot be used for mortgage lending purposes, which require a licensed appraisal.
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