Chapter 17 Flashcards
0
Q
A comparison of the prices of recently sold homes that are similar to a listing sellers home in terms of location style and amenities; an estimate of market value
A
Comparative market analysis (CMA)
1
Q
An estimate or opinion of value of a specific property as of a specific date
A
Appraisal
2
Q
A broker who is not also a licensed or certified appraisers may provide this only under the circumstances allowed for comparative market analysis
A
Broker price opinion
3
Q
The 4 characteristics of value?
A
Demand
Utility
Scarcity
Transferability
