What do licensees provide as part of their regular actions?

Licensees regularly provide broker price opinions (BPOs) and comparative market analyses (CMAs) as part of their professional duties in the real estate market. These analyses are essential tools that real estate agents and brokers use to evaluate property values. They help set appropriate listing prices for sellers and offer insight for buyers regarding fair market value.

BPOs typically involve a licensed broker providing an estimate of a property's value based on comparable properties, condition, location, and market conditions. Similarly, CMAs analyze recently sold, pending, and active listings to determine a fair market value for a property. These assessments are a key service that licensees offer to their clients, ultimately aiding in informed decision-making during the buying or selling process.

By understanding local market trends and the nuances of different properties, licensees can provide valuable information that assists clients effectively. Other choices, while relevant aspects of real estate practice, do not encompass the regular actions that brokers commonly perform on behalf of clients in the valuation aspect of property transactions.