hard · National Real Estate Exam valuation
Sage Ellis, a sales associate, encounters this situation: A licensee prepares a comparative market analysis to help a seller choose a listing range.
What is the best next step?
- Present the CMA as pricing analysis, not an appraisal.
- Call it an appraisal because comparable sales were used.
- Guarantee that the property will sell at the midpoint.
- Replace all market evidence with the assessed value.
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