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CMA |
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Definition:
A Comparative Market Analysis is an informal assessment of a property's market
value, usually done to establish a reasonable listing
price when a property is placed for sale. The price is
established by comparing the property to similar
properties that are currently listed or have sold in the
area within the last six months. The analysis is done by
a real estate agent, a RealtorŪ, who has easy
access to area sales records.
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REALTORŪ |
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Definition:
A real estate agent who is a member of the National
Association of Realtors and is bound by the ethical
requirements of the association. A RealtorŪ is also
a member of and bound by the ethical standards of their local
and State associations.
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