All of the following information should typically be included in a Florida CMA EXCEPT:
Correct Answer
C) The licensee's opinion of needed repairs and renovation costs
Correct: Licensees should not provide specific repair cost estimates as this could constitute practicing outside their license scope. They should recommend inspections by qualified professionals. Why not A: Recently sold comparables are essential to CMAs. Why not B: Active listings show current competition. Why not D: Expired/withdrawn listings provide market context.
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Previous Question
A Florida broker receives a BPO request from an asset management company for a property that the broker's firm currently has listed for sale. The asset management company is working for the lender who holds the mortgage on the same property. What should the broker do?
Next Question
A licensee in Fort Lauderdale is preparing a BPO and finds these comparable sales: Sale 1: $425,000 (sold 2 months ago), Sale 2: $445,000 (sold 4 months ago), Sale 3: $410,000 (sold 6 months ago). If the market has been appreciating at 0.5% per month, what should be the adjusted value of Sale 3?