Property Valuation
A Wisconsin real estate broker who prepares a CMA for a seller to help determine list price should ensure the CMA:
AIs labeled as a certified appraisal for MLS purposes
BIs clearly identified as a broker price opinion, not a licensed appraisal✓ Correct
CUses only cost approach valuation
DIs submitted to DSPS for review
Explanation
A CMA prepared by a broker must be clearly identified as a broker's opinion or market analysis — not an appraisal — to avoid misrepresenting it as a certified valuation.
Related Wisconsin Property Valuation Questions
- A Wisconsin appraiser values a property 'as if' a proposed renovation were complete. This is called a(n):
- A property in Wisconsin recently sold for $350,000, and its NOI is $28,000. What is the overall capitalization rate?
- Functional obsolescence in real estate refers to:
- Regression in Wisconsin appraisal theory means a property's value is:
- Wisconsin's DOR (Department of Revenue) 'Statement of Assessment' report provides what type of information?
- A Wisconsin property is in a 'buyer's market.' This means:
- A Wisconsin property appraiser who is hired by the lender must still provide an independent, unbiased opinion of value because:
- Accrued depreciation in the cost approach includes all of the following EXCEPT:
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →