Tennessee Real Estate Exam Practice Question
A comparative market analysis (CMA) must be prepared by
Correct Answer: B
Rationale: A comparative market analysis (CMA) is a tool used to estimate a property's value based on similar properties in the area. A licensed real estate broker is trained to analyze market data and trends, making them well-equipped to prepare a CMA accurately and responsibly.
Option A, a certified appraiser, while knowledgeable, is not required for a CMA, as their focus is on formal appraisals rather than market analyses. Option C, any real-estate licensee, lacks specificity; not all licensees have the expertise to conduct a CMA effectively. Option D, a Certified Public Accountant, specializes in financial matters and taxation, but does not possess the real estate market knowledge necessary for preparing a CMA.
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