Agency
A Virginia buyer's agent who is also a licensed appraiser may prepare a comparative market analysis (CMA) for the buyer, but the CMA:
AIs equivalent to a USPAP-compliant appraisal
BIs not a USPAP-compliant appraisal and cannot be used for lending purposes✓ Correct
CEstablishes the legal value of the property for tax purposes
DRequires the agent's appraiser license number to be included
Explanation
A CMA is a market analysis tool used to suggest a value range for pricing or negotiating purposes. It is not a USPAP-compliant appraisal and cannot be used by lenders in their loan underwriting process.
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