Virginia Real Estate Exam Practice Question
Your clients, the Samsons, ask you to provide them with an appraisal in order to determine a list price for their property. Since you're not an appraiser, what should you do?
Correct Answer: D
Rationale: Option D is appropriate as it acknowledges your role and limitations while offering a valuable alternative. A comparative market analysis (CMA) can help the Samsons understand market trends and set a competitive list price without misrepresenting your qualifications.
Option A is misleading; while providing a CMA is acceptable, failing to clarify your non-appraiser status could lead to misunderstandings.
Option B is incorrect because it implies you would perform an appraisal, which is outside your expertise and could violate legal standards.
Option C inaccurately equates a CMA with an appraisal, which are distinct processes.
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