Question

Ellen has only been licensed for two weeks, but she’s already booked a listing presentation appointment with potential clients, the Birds. What should she do to prepare?

Answer 1

Answer: Prepare a CMA

   

Explanation: In simple words, comparative market analysis refers to the analysis strategy, generally used by real estate agents, under which the agents try to value some property on the basis of the prices of similar properties which are recently sold.

This strategy is used by agents in both the transactions , that is, either in case of making clients buy or sell the property. This strategy is very common nowadays as it gives the client fair value for its property and also saves a lot of time of all related parties.