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Candidates must complete the CMA program within three years from the date of entry into the certification program. If both exam parts are not successfully completed within three years of entering the program, any passed part will expire, and the CMA entrance fee will need to be repaid.
What is the rule of 3 for CMA?
The Rule Of Three The first step for an agent preparing a CMA is to find three homes that have sold recently (within the past 6 months at most, but preferably 3 months). These three homes should be as similar and located as closely together as possible.
What is a CMA template?
What is Comparative Market Analysis (CMA) Report Template? A Comparative Market Analysis (CMA) is a valuable tool for real estate professionals to provide accurate and detailed information to buyers and sellers.
What is the formula for CMA in real estate?
How is the CMA Result Calculated? The CMA Result is calculated by multiplying the price per square foot of your lowest and highest comps to the living area of your subject property creating the range. The CMA Result is the average.
What does the rule of three say about comparables when preparing a CMA Quizlet?
AT LEAST THREE COMPARABLES SHOULD BE USED. (The Rule of Three says that at least three comparables should be used, and they should have sold within the last three months, if possible.)
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How to Conduct a Comparative Market Analysis? Analyze the Listing. Beginning a CMA starts with checking out the neighborhood. Use an MLS to Find Comparable Properties in the Area. Compare Properties. Adjust the Value of Your Listing. Set a Listing Price. Sellers Agent. Buyers Agent.
What is the rule of three comparables?
The Rule of Three in real estate is a guideline stating that at least three comparable properties should be used to estimate the market value of a property.
real estate comparative market analysis template
Real Estate Listing Presentation Template (book)
Comparative Market Analysis (CMA): Present a detailed CMA, comparing the subject property to similar listings, providing data-driven insights on market
The Polycom CMA Desktop solution is a software-based PC application centrally deployed and managed through CMA 5000/4000 software and is included in the CMA
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