Which type of report is commonly delivered by a salesperson to a potential seller?

Prepare for the Kentucky Reciprocity Test. Hone your skills with multiple choice questions and detailed explanations. Master the content and ace your exam!

The correct answer is a comparative market analysis. This type of report provides a seller with an overview of similar properties in the market, including their selling prices and conditions. The primary purpose of a comparative market analysis (CMA) is to help sellers understand the value of their property in relation to others, allowing them to set a competitive listing price. It includes data such as recent sales, pending sales, and properties currently on the market, offering a comprehensive picture of the current real estate climate in the area.

In contrast, a property condition report focuses on the physical state of a property, outlining repairs or maintenance issues that might need attention. An investment analysis typically evaluates the financial performance of a property over time, looking at potential returns on investment, which is not the primary concern for a seller looking to list their property. A title report verifies the legal ownership and status of a property, ensuring there are no liens or claims against it, which is more relevant during the closing process rather than initial listing discussions with sellers.

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