Tennessee Real Estate License 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 in the current market.
Option A, assessed value, is determined by local tax authorities and may not align with market conditions. Option B, net sales price, refers to the final amount received after closing costs and is not relevant at the listing stage. Option D, appraisal value, is an estimate by a licensed appraiser that can differ from market value, making it less relevant for setting a listing price.
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