Ace the Minnesota Real Estate Exam 2025 – Unleash Your Property Powerhouse!

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Question: 1 / 400

What type of information can a CMA provide to a seller?

Best time to sell their property

Estimate of their property's market value

A Comparative Market Analysis (CMA) primarily provides an estimate of a property's market value by comparing it to similar properties that have recently sold in the same area. This analysis takes into account various factors such as location, size, condition, and recent sale prices of comparable homes. Such information is vital for sellers to determine a competitive listing price that aligns with current market trends, maximizing their chances of a successful sale.

While factors like timing the market or understanding neighborhood dynamics can be beneficial, those aspects are not the primary focus of a CMA, which remains centered on the value of the property itself. As for details regarding crime history or home repair costs, those do not typically fall under the analysis a CMA provides, further reinforcing that option B directly addresses the core function of a CMA in a real estate context.

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Detailed history of neighborhood crimes

Costs associated with home repairs

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