Definition: A comparative market analysis is a real estate licensee's analysis of comparable market information to help estimate a suitable listing or offer price.
Example
An agent compares recent sales and competing listings before discussing an asking-price range with a seller.
Keep the distinction clear
A CMA can assist buyers as well as sellers. It is not the same service as a formal appraisal.
Related terms
Broker’s Price Opinion (BPO) · Comparable Property · Appraisal
Keep studying
CMA vs. Appraisal: What Is the Difference?
References: Florida Statutes 475.612: appraisal and price-opinion distinctions
Pronunciation (US): kuhm-PAIR-uh-tiv MAR-kit uh-NAL-uh-sis (capitals show stress)
Pronunciation reference: Merriam-Webster
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