PSA Practice Questions - Pricing Strategy Advisor Exam

What is the fundamental difference between a Comparative Market Analysis (CMA) and a formal appraisal?

A CMA uses fewer comparable sales than an appraisal A CMA is a real estate licensee's opinion of value, while an appraisal is a state-licensed appraiser's certified valuation A CMA is only used for residential properties; appraisals are for commercial A CMA must follow USPAP, while an appraisal does not

Correct Answer:

A CMA is a real estate licensee's opinion of value, while an appraisal is a state-licensed appraiser's certified valuation

Access more questions from this quiz

Continue to PSA Practice Questions - Pricing Strategy Advisor Exam for more practice questions and the full quiz experience.

Access More Questions