Description

This course covers how an agent can learn to price properties in a competitive or changing market. The students are introduced to the concepts of appraisal versus a CMA, and the general descriptions of each, as well as the legal obligations that an agent has in Florida with respect to a CMA- when it can be done, what disclaimers apply, etc. With close to 60% of all agents, nationwide, having a tenure of less than 5 years in the real estate business, many of them have not experienced what some call a 'down' market, and others call a 'normal' market. Students will learn how to read supply and demand in a market, calculate absorption rate, and critically evaluate what comparable data is still germane. The goal is to learn how to price property properly, to avoid carrying listings for a long time, and also to not disappoint any property owners.