Which of the following people is most likely to perform a CMA or BPO?

Prepare for the Texas Real Estate Appraisal Exam. Test your knowledge with flashcards and multiple choice questions, all with hints and explanations. Pass with confidence!

The person most likely to perform a Comparative Market Analysis (CMA) or a Broker Price Opinion (BPO) is a real estate licensee. CMAs are often used in the real estate industry to help sellers set an appropriate listing price, or to assist buyers in understanding the market value of a property they are interested in. Real estate agents and brokers routinely conduct CMAs as part of their services to clients, leveraging their market knowledge, access to real estate data, and understanding of local trends.

A licensed home inspector's role is to assess the physical condition of a property, which does not include pricing evaluations or market analyses. A certified general real estate appraiser is trained to provide formal appraisals, which are different from CMAs and BPOs in that they follow specific methodologies and standards, often required for loans or legal proceedings. Similarly, a mortgage loan servicer focuses on the financial aspects of managing loans and does not typically engage in property valuation in the same context as real estate licensees do. Therefore, the training and daily functions of a real estate licensee align directly with conducting CMAs and BPOs, making this option the most suitable choice.

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