An owner who is interested in selling his house is usually concerned about how much money he can get when it sells. A competitive market analysis may help the seller determine a realistic listing price. Which of the following is true?
A) A competitive market analysis is the same as an appraisal.
B) A broker, but not a salesperson, is permitted to prepare a competitive market analysis.
C) A competitive market analysis is what is prepared by a certified real estate appraiser.
D) A competitive market analysis contains a compilation of facts about similar properties that have recently sold.
Answer: D) A competitive market analysis contains a compilation of facts about similar properties that have recently sold.
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