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In our office, agents are forbidden from taking this kind function. A close cousin for the BPO is 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 property compares the home to other homes for your market, to homes that recently sold, and a person a rough estimate of the things it would sell for on you need to. An appraisal is a valuation of property developed by a LICENSED appraiser.

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