Property Valuation
In South Carolina, a 'comparative market analysis' (CMA) is:
AAn appraisal performed by a licensed appraiser
BAn informal analysis prepared by a real estate agent using recent sales and listings to estimate market value for pricing purposes✓ Correct
CThe official assessment used for property tax purposes
DA federal government requirement for all home sales
Explanation
A CMA is prepared by real estate agents to help sellers price their homes or assist buyers in evaluating offers. Unlike an appraisal, a CMA is not a formal appraisal, is not performed by a licensed appraiser, and is not used by lenders.
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