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Valuation AppraisalCma_and_bpoMEDIUM

A Florida sales associate wants to prepare a CMA for a potential listing client. The associate's broker requires all CMAs to be reviewed and approved before presentation to clients. The associate completes the CMA but the broker is out of town for a week. The client is meeting with another agent tomorrow. What should the sales associate do?

Correct Answer

D) Email the CMA to the broker for approval and present it once approved

Correct: The sales associate should follow office policy by obtaining broker approval, which can be done electronically, allowing for timely presentation while maintaining proper supervision. Why not A: Violating office policy regarding broker review could result in disciplinary action and potential errors going undetected. Why not B: Waiting a week may result in losing the client, and electronic communication allows for timely review. Why not C: Office policy specifies the supervising broker's approval, not just any broker.

Answer Options
A
Present the CMA to the client since it's already completed and time-sensitive
B
Wait for the broker to return and review the CMA before presenting it
C
Have another broker in the office review and approve the CMA
D
Email the CMA to the broker for approval and present it once approved

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Related Topics & Key Terms

Key Terms:

CMAbroker_supervisionoffice_policysales_associate
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