Question 1
What is the fundamental difference between a Comparative Market Analysis (CMA) and a formal appraisal?
Correct Answer:
A CMA is a real estate licensee's opinion of value, while an appraisal is a state-licensed appraiser's certified valuation
Question 2
A PSA designee preparing a CMA for a suburban listing is considering the appropriate search radius for comparable sales. Which radius is generally recommended for a typical suburban property?
Correct Answer:
0.5 miles
Question 3
When pulling sold comparables for a CMA, what is the most commonly recommended maximum age of the sales?
Correct Answer:
90 to 180 days
Question 4
Which of the following BEST describes the appropriate mix of comparables for a residential CMA?
Correct Answer:
3 to 6 active listings plus 3 to 6 sold comparables, with pending and expired listings as supporting data
Question 5
When selecting comparables, which characteristic is MOST important to match closely with the subject property?
Correct Answer:
Location, including school district and neighborhood boundary
Question 1
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About this Exam

Prepare with the PSA Practice Questions - Pricing Strategy Advisor Exam practice quiz. This question bank includes 100 questions covering comp, designee, subject, adjustment, and appraisal. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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PSA Practice Questions - Pricing Strategy Advisor Exam

This practice set contains 100 questions from the matching question bank and focuses on comp, designee, subject, adjustment, and appraisal. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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