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When conducting a Comparative Market Analysis (CMA), what is the most appropriate time frame for selecting comparable sales?

Correct Answer

B) Sales within the past 3-6 months

The most recent sales within 3-6 months provide the best indication of current market conditions and buyer behavior. This timeframe ensures the data reflects recent market trends while providing sufficient comparable sales for analysis.

Answer Options
A
Sales within the past 12-18 months
B
Sales within the past 3-6 months
C
Sales within the past 2-3 years
D
Sales within the past month only

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Key Terms

Comparative Market AnalysisCMAcomparable salesmarket conditionstimeframe
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