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In our office, agents are forbidden from investing in this kind do the job. 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 area Multiple Listing Service (MLS). The agent who hopes to now list your home compares your own house to other homes near the market, additionally, it homes that recently sold, and anyone a rough estimate of the items it would sell for on capabilities. An appraisal is a valuation of property accomplished by a LICENSED appraiser.
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