Property Valuation
In Oregon, a comparative market analysis (CMA) is typically performed by:
AA licensed MAI appraiser
BA licensed real estate broker to help clients understand current market value✓ Correct
CThe county assessor to establish assessed value
DA mortgage lender to determine loan eligibility
Explanation
A CMA is a market analysis tool used by real estate brokers to help sellers determine a listing price or help buyers evaluate an offer price. It is not an appraisal and cannot replace a certified appraisal for lending purposes, but is a valuable market valuation tool.
Related Oregon Property Valuation Questions
- In Oregon, a Broker Price Opinion (BPO) is typically used for:
- The income capitalization approach to value is most useful for appraising:
- Under the income capitalization approach, if a property's capitalization rate increases, the estimated property value will:
- An appraiser applies the sales comparison approach and finds three comparables with adjusted values of $385,000, $392,000, and $389,000. The appraiser gives the most weight to the comparable requiring the fewest adjustments. Which comparable most likely receives the most weight?
- A comparable sale in a competitive market analysis (CMA) is typically considered most reliable when it:
- What is the purpose of a 'narrative appraisal report' versus a 'form report' in Oregon?
- Which principle of value explains why a house that sells for much more than all other homes in the neighborhood will likely sell for less than its construction cost?
- In Oregon, a property's 'assessed value' for property tax purposes may differ significantly from its 'real market value' due to which legislation?
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