Question 2

The listing price is usually the value from the CMA.

The listing price is typically determined based on the value derived from the Comparative Market Analysis (CMA), which evaluates similar properties in the area to establish a competitive price.

A) assessed value.

The assessed value is primarily used for tax purposes and may not reflect the current market conditions. It is determined by the local government and does not accurately represent the price at which a property can be sold.

B) net sales price.

The net sales price refers to the amount received by the seller after deducting costs associated with the sale, such as commissions and fees. It is not the same as the listing price, which is the initial price set by the seller before any deductions.

C) value from the CMA.

The value from the CMA is the most relevant factor in determining the listing price. The CMA provides insights into comparable property sales and market trends, allowing sellers to set a price that is attractive to buyers while reflecting current market conditions.

D) appraisal value.

The appraisal value is an estimate provided by a licensed appraiser, often used for financing purposes. While it can influence the listing price, it is not directly used to set the listing price in the same way a CMA does, which is specifically tailored to the current market.

Conclusion

The correct answer is C, as the value from the CMA directly informs the listing price based on current market data and comparable sales. Other options, such as assessed value, net sales price, and appraisal value, do not provide the same immediate relevance in determining the listing price, making them less suitable choices.