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In our office, agents are forbidden from investing in this kind function. A close cousin in the BPO will be the CMA, which stands for comparative (or sometimes "competitive") market analysis and involves an agent researching sales on the local Multiple Listing Service (MLS). The agent who hopes to now list residence compares your own to other homes throughout the market, so that you can homes that recently sold, and an individual a rough estimate with the items it would sell for on today's market. An appraisal is a valuation of property accomplished by a LICENSED appraiser.
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