What is the meaning of "CMA" in real estate?

The term "CMA" in real estate stands for Comparative Market Analysis. A CMA is a tool that real estate professionals use to estimate the value of a property by comparing it to similar properties that have recently sold in the same area. This analysis takes into account various factors such as size, location, condition, and features of the properties to provide an informed opinion about what a property should sell for in the current market.

Using a CMA helps real estate agents set listing prices and assists buyers in making competitive offers. It is based on actual market data and reflects the current trends and conditions of the real estate market, which is crucial for making informed decisions whether one is buying or selling a property.

The other options do not accurately reflect the established terminology used in real estate markets. For example, a Certified Mortgage Advisor, while a recognized position, is not what CMA is widely understood to mean in real estate circles. Commission Market Average and Community Market Assessment are not commonly used terms and do not relate directly to the standard practices of valuing residential properties. Therefore, Comparative Market Analysis is the correct and widely accepted definition of CMA in the context of real estate.