Property Valuation
What is the purpose of a comparative market analysis (CMA)?
AA formal appraisal for lender purposes
BAn informal estimate of market value using recent comparable sales✓ Correct
CA government assessment for tax purposes
DAn insurance valuation
Explanation
A CMA is an informal analysis performed by real estate agents using recent comparable sales, listings, and expired listings to help sellers price their home or buyers evaluate offer prices. It is not an appraisal.
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