Comparative Market Analysis (cma)

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.

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