When conducting a CMA for a residential property, what is the preferred timeframe for comparable sales to ensure market relevance?
Correct Answer
B) Within the last 6 months
Sales within the last 6 months are generally preferred for CMA as they reflect current market conditions while providing sufficient data. More recent sales carry greater weight, but 6 months provides a good balance of relevance and available data.
Why This Is the Correct Answer
Six months is the usual preferred window: recent enough to reflect current conditions, yet wide enough to supply a useful number of comparable sales. The most recent sales still carry the most weight.
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