ValuationValuation_appraisalEASY
In Texas, a comparative market analysis (CMA) can be prepared by:
Correct Answer
B) Licensed real estate agents
Licensed real estate agents can prepare CMAs to help determine listing prices. Formal appraisals require licensed appraisers.
Answer Options
A
Only licensed appraisersB
Licensed real estate agentsC
Only brokersD
Attorneys onlyVideo Explanation3 min
Audio Lesson3 min
Study Infographics
Why This Is the Correct Answer
Sign up free to unlock full analysis
Why the Other Options Are Wrong
Sign up free to unlock full analysis
Deep Analysis of This Valuation Question
Sign up free to unlock full analysis
Background Knowledge for Valuation
Sign up free to unlock full analysis
Sign up free to unlock full analysis
Real World Application in Valuation
Sign up free to unlock full analysis
Common Mistakes to Avoid on Valuation Questions
Sign up free to unlock full analysis
Related Topics & Key Terms
Related Topics:
property-valuation-methodstexas-real-estate-licensing-requirementsappraisal-vs-market-analysis
Key Terms:
comparative market analysisCMAlicensed appraiserTRECopinion of value
Was this explanation helpful?
More Valuation Questions
The appraisal principle of substitution states that:
Physical deterioration, functional obsolescence, and external obsolescence are the three types of:
Highest and best use means the use that is:
In the sales comparison approach, adjustments are always made to the:
The sales comparison approach to appraisal is most commonly used for which type of property?
- → Which formula best represents the cost approach to appraisal?
- → Which appraisal method is most commonly used for residential properties and relies on recent sales of comparable properties?
- → The sales comparison approach to appraisal is most commonly used for which type of property?
- → The sales comparison approach to appraisal is most appropriate for which type of property?
- → A West Virginia property with 4 bedrooms but only 1 bathroom suffers from:
- → A Comparative Market Analysis (CMA) is best described as:
- → James owns a farm in rural Tennessee that qualifies for the Greenbelt Law. Under Tennessee's Greenbelt Law, how is agricultural land assessed for property tax purposes?
- → Which of the following correctly identifies the three types of depreciation recognized in real estate appraisal?
- → Which four criteria must a use satisfy to qualify as the highest and best use of a property?
- → Highest and best use: