A Florida licensee is asked by a client to provide a comparative market analysis (CMA) for pricing strategy. The licensee should ensure the CMA:
Correct Answer
B) Contains accurate, objective market data and appropriate comparables
Correct: Professional standards require CMAs to contain accurate, objective market data with appropriate comparable properties. Why not A: Including only supportive data creates bias and misleads the client. Why not C: CMAs should include a balanced range of appropriate comparables, not just high sales. Why not D: Excluding relevant negative data prevents clients from making informed decisions.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Continuing education (CE) refers to the ongoing coursework that licensed real estate professionals must complete during each renewal cycle to maintain an active license. CE ensures agents stay current with changes in laws, regulations, and industry practices.
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
More Fair Housing Ada Ethics Questions
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