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What does TREC require a license holder to prepare for his her client when negotiating a listing or offer to purchase?

A real estate license holder is obligated to provide a broker price opinion (BPO) or a comparative market analysis (CMA) on a property when negotiating a listing.

What is a CMA Texas real estate?

A comparative market analysis is a crucial tool for estimating the value of real estate. If youre a homeowner who is interested in listing your property for sale, a CMA will help you determine an appropriate asking price based on what sales prices similar homes in your area have received on the market.

Does TREC require a CMA?

A real estate license holder is obligated to provide a broker price opinion (BPO) or a comparative market analysis (CMA) on a property when negotiating a listing. Rule 535.16(c).

Why would a licensee want to perform a CMA?

Understanding Comparative Market Analysis For buyers, a CMA can verify if a home is in the right price range and help pinpoint a competitive offer that will be taken seriouslywithout going overboard. A CMA compares a property to other homes similar in location, size, and features.

What can a CMA not do why?

Medical assistants are unlicensed, and may only perform basic administrative, clerical and technical supportive services as permitted by law. An unlicensed person may not diagnose or treat or perform any task that is invasive or requires assessment.

What is a TREC contract in Texas?

As public records, contract forms adopted by the Texas Real Estate Commission are available to any person. Real estate license holders are required to use these forms. However, TREC contract forms are intended for use primarily by licensed real estate brokers or sales agents who are trained in their correct use.

What is the primary purpose of the TREC?

xas Legislature established the Texas Real Estate Commission (TREC) in 1949 to safeguard consumers in matters of real property transactions and valuation services.

How much does it cost to take the TREC exam in Texas?

After you have completed your application and background/fingerprint checks and met all the education requirements, youll be able to register for the TREC license exam. You will register directly with the provider, Pearson VUE, and pay the $54 exam fee at that time.

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What does TREC require a license holder to prepare for his her client when negotiating a listing or offer to purchase?

What is a CMA Texas real estate?

Does TREC require a CMA?

Why would a licensee want to perform a CMA?

What can a CMA not do why?

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What is a TREC contract in Texas?

What is the primary purpose of the TREC?

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Get the up-to-date texas trec 2024 now

Here's how it works

The best way to change Texas trec online

Complete this form in 5 minutes or less

Got questions?

What does TREC require a license holder to prepare for his her client when negotiating a listing or offer to purchase?

What is a CMA Texas real estate?

Does TREC require a CMA?

Why would a licensee want to perform a CMA?

What can a CMA not do why?

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People also ask

What is a TREC contract in Texas?

What is the primary purpose of the TREC?

How much does it cost to take the TREC exam in Texas?

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