Tennessee Real Estate Exam Practice Question
The listing price is usually the
Correct Answer: C
Rationale: The listing price typically reflects the value derived from a Comparative Market Analysis (CMA), which evaluates similar properties to determine a competitive price.
Option A, assessed value, is often used for tax purposes and may not align with current market conditions. Option B, net sales price, refers to the final amount received after deductions, not the initial listing. Option D, appraisal value, is an expert's estimate of a property's worth but can differ from the listing price set by the seller. Thus, value from the CMA is the most relevant for establishing a listing price.
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