Preparing a Market Analysis - Best Practices (3hr)
Whether for a buyer or seller, the comparative market analysis, properly done, can mean several thousands extra dollars in their pockets, and can determine whether a deal can be struck at all. But because it’s such a well-worn tool, it’s tempting for a licensee to get complacent with the CMA, and “phone it in.”
Don’t be that licensee!
This course covers the how-tos of a professionally researched comparative market analysis.
Course Highlights:
- The three-step approach to market analyses: the market, the property, the numbers
- Sources for subject property data and market data
- Using expired and active listings to inform pricing strategy
- How to prioritize criteria when selecting comparables
- How to adjust and homogenize selected comparables
- How to weight selected comparables when selecting a list price range
State Requirements For Alabama
Alabama State Requirement Details for Real Estate Continuing Education
Renewal Date: 8/31 every even-numbered year
CE Due Date: 9/30 every even-numbered year
Hours Required: 15 hours every 24 months including 3 mandatory hours in Risk Management
- 3 hours – Mandatory hours
- 12 hours – Elective hours
Alabama Real Estate Commission
Street Address: 1201 Carmichael Way, Montgomery, AL 36106
Telephone: 334.242.5544
Fax: 334.270.9118