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The real estate professional will consider comparable homes, the home’s age, the size of the property, zoning requirement and the property’s condition to determine the BPO. ... Homesellers use ...
Comparables (or comps) is a real estate appraisal term referring to properties with characteristics that are similar to a subject property whose value is being sought. This can be accomplished either by a real estate agent who attempts to establish the value of a potential client's home or property through market analysis or, by a licensed or certified appraiser or surveyor using more defined ...
A broker's price opinion (BPO) is a report that is performed by a licensed real estate agent, broker. or appraiser.A BPO is an informal appraisal. It is similar to doing a CMA (Comparative Market Analysis) but most times the real estate professional gets paid to do a BPO.
[clarification needed] Likewise, if the comparable is inferior to the subject in an aspect, then an upward adjustment for that aspect is needed. [clarification needed] The adjustment is somewhat subjective and relies on the appraiser's training and experience. From the analysis of the group of adjusted sales prices of the comparable sales, the ...
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CMA salaries vary widely, reflecting the diverse skill set they bring to different positions. A certified management accountant’s pay highly depends on the job they choose. Here are some average ...
In practice, the most common SCA method used by estate agents and real estate appraisers is the sales adjustment grid. It uses a small number of recently sold properties in the immediate vicinity of the subject property to estimate the value of its attributes.
The 58th Annual CMA Awards will take place at the Bridgestone Arena in Nashville, Tennessee on Wednesday, Nov. 20 at 8 p.m. ET. How to watch the 2024 CMA Awards on TV, streaming