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May 4, 2023

Can real estate agents and brokers use the term ‘ appraised value’ within their daily practice? How do appraisals differ from a current market analysis (CMA)?a

Can real estate agents and brokers use the term " appraised value" within their daily practice? How do appraisals differ from a current market analysis (CMA) and a broker price opinion (BPO)? As a quick reminder, any BPO or CMA created by an agent is done in the name of their sponsoring broker. What issues or liabilities do you see with this TREC requirement?

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