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2 years ago

The Comparative Market Analysis (CMA) is a tool for licensees; which statement below is correct about the CMA

Business

1 answer:

Molodets [167]2 years ago

3 0

Option D is correct. A CMA is not an appraisal and should not be advertised as one.

<h3>What is a comparative market analysis?</h3>

This is the term that is used to refer to the market analysis that may

be done by the real estate agents.

The goal is to analyze and find out the existing prices in the market by the available listings and previous listings of properties. The reason why the real estate agencies carry out the CMA is to determine the right prices for home sellers to sell their homes.

On the other hand, the purpose is to enable the buyers of these homes to buy the properties at the best possible prices.

Complete question

The Comparative Market Analysis (CMA) is a tool for licensees; which statement below is correct about the CMA?

A) The CMA is the same as an appraisal

B) A CMA is an estimate of value and an appraisal is exact value

C) A CMA and an appraisal must both conform to USPAP standards

D) A CMA is not an appraisal - and should not be advertised as one

Read more on market analysis here;brainly.com/question/17246850

#SPJ1

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3 years ago

Which command staff member serves as the incident commands point of contact.

inn [45]

Answer:

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3 years ago

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Answer:

$275,000

Explanation:

The computation of the value that should the land be recorded is shown below:

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The same should be considered

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3 years ago

Which is not a factor that an insurance company would consider before

babunello [35]

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2 years ago

Admire County Bank agrees to lend Sheffield Brick Company $614000 on January 1. Sheffield Brick Company signs a $614000, 8%, 9-m

AleksAgata [21]

Answer:

January 1

Cash 614000 Dr

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The Sheffield Brick Company has borrowed from the Admire county bank which means the note payable is a liability in the books of the Sheffield Brick company. As liability is increased or recorded, it is credited. The amount of liability is $614000 on the day of the issuance of note. Thus, Sheffield will credit Note payable by $614000.

The Sheffield company has received cash by signing note. As cash is an asset and it is increasing, the Sheffield company will debit cash by 614000 against the notes payable.

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3 years ago