Jan 05 , 2016
Definition: An informal estimate of market value performed by a real estate licensee for the seller to assist in arriving at an appropriate listing price. If working with a buyer giving an informal estimate of market value to help arrive at an appropriate offering price.
Pronunciation: \kəm-ˈper-tiv\ \ˈmär-kət\ \ə-ˈna-lə-səs\
Used in a Sentence: The agent provided a comparative market analysis so we could determine a fair offer for the property.