What’s in YOUR CMA? Mandatory Guidelines for Creating a CMA …

It is what we do. We create CMA’s for people all the time. CMA stands for a Current Market Analysis or Competitive Market Analysis. This is where we do research to determine what our OPINION of value is for a specific property. This answers the question: What will my home sell for?

Most of the time, we, as Realtors® create these CMA’s for folks that are considering using us to sell their home. It is an integral part of what we do.

However, most Realtors® are not appraisers, so a CMA is merely an opinion. Granted, it is a very educated opinion, but it is still an opinion by a non-appraiser nonetheless.

That is what in any case that a Realtor® creates a CMA for a purpose other than for servicing a potential Seller, there are certain guidelines that MUST be followed.

Read More …

Posted By: Mariana Wagner – Colorado Springs Realtor®

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About Mariana

I am a Mom, Wife, Real Estate Agent Trainer and Mortgage Lender. Find me at http://www.marianawagner.com
This entry was posted in Colorado Info., Real Estate Consumer Info., Real Estate Law, Realtor® Code of Ethics. Bookmark the permalink.

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