CMA's Flashcards
1
Q
What is CMA?
A
Comparative Market Analysis
2
Q
What is a Comparative Market Analysis (CMA) used for?
A
It’s used to show the seller the market value of the property.
3
Q
What is this analysis based on?
A
The properties sold that are most similar to the seller’s property. **The more recent the data, the better.
4
Q
What is the rule of thumb for CMA’s?
A
3 each of:
- recently sold
- recently listed
- recently expired
that are all similar to the property you’re listing
4
Q
What is the rule of thumb for CMA’s?
A
3 each of:
- recently sold
- recently listed
- recently expired
that are all similar to the property you’re listing
