Differentiate between comparative market analysis andappraisals. Discuss the definition of market value. Explain the difference between value, price, and cost. Explain how and why a SMA is used. Explain the salesperson’s role in the valuation processand pricing properties. List the three approaches to determining value.
Measure square footage and acreage. Calculate commission. Calculate the net to seller. Calculate annual interest. Calculate percentage of profit and loss.
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