In a Ocala transaction, a buyer wants the Florida rule on CMA versus BPO versus appraisal. Which statement is correct?
Correct Answer
D) A broker price opinion is distinct from an appraisal and must not be represented as an appraisal.
A broker price opinion is distinct from an appraisal and must not be represented as an appraisal. This follows Pearson VUE Florida Sales Associate CIB – Valuation topics; current Florida brokerage valuation practice.
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Which statement best describes Florida's rule on CMA versus BPO versus appraisal?
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Compliance case Granite Folder frames the issue this way. A Florida licensee preparing a CMA has three adjusted comparable sale prices: $335,000, $342,000, and $348,000. What is the average adjusted indication?