The broker while creating a CMA does not usually consider the full range of data about market conditions and comparable sales th

Question

Ivenika [448]

3 years ago

14

The broker while creating a CMA does not usually consider the full range of data about market conditions and comparable sales th

at the appraiser must consider and document. Therefore, the broker's opinion of value will be

Business

1 answer:

tatiyna · Answer 1 · 2022-05-25T21:38:04+03:00

Answer:

less reliable than the appraiser's.

Explanation:

in such a scenario the broker's opinion of value will be less reliable than the appraiser's. This is mainly because the broker does not have all the information that the appraiser has and is making his opinion without this information, which may lead to unforeseen consequences that would not otherwise occur if the broker had this information and was able to see a much bigger picture of the situation to incorporate into his opinion.