What time frame for selecting comparable sales in a CMA does Ontario's real estate legislation (TRESA and its regulations) prescribe?
Correct Answer
D) No set period; use the most recent similar sales
Neither TRESA nor its regulations set a time frame for comparable sales. The registrant uses judgment, choosing the most recent sales of similar properties and adjusting older ones for market change, and the Code of Ethics requires that opinion to be competent (s. 9) and not misleading (s. 5).
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