Property Valuation
In Wyoming, a market analysis (CMA) prepared by a real estate licensee is:
AEquivalent to a licensed appraisal for all purposes
BAn estimate of value based on market data, useful for pricing but not a formal appraisal✓ Correct
CRequired to be submitted to the WREC before listing
DOnly valid for 30 days
Explanation
A CMA is a market analysis used to help sellers price their property or buyers evaluate offers. It is not a formal appraisal and cannot be used for federally related lending transactions. Only licensed/certified appraisers may perform federally related appraisals.
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