Solved:
Answered by AI, Verified by Human Experts
Before making a listing presentation to a prospective property seller, a real estate sales associate should
Before making a listing presentation to a prospective property seller, a real estate sales associate shouldA) prepare a comparative market analysis.
B) consider the seller's purchase price of the property and the rate of inflation.
C) consider the seller's needs to determine what a likely asking price for the property should be.
D) appraise the property.
Final answer:Before making a listing presentation to a prospective property seller, a real estate sales associate should prepare a comparative market analysis.Explanation:Before making a listing presentation to a prospective property seller, a real estate sales associate should prepare a comparative market analysis (option A).A comparative market analysis involves collecting data on recently sold properties in the area that are similar to the property being listed. This data helps determine the current market value of the property and provides a basis for setting a realistic asking price.By analyzing the recent sales prices of similar properties, the sales associate can present the seller with a range of prices that are likely to be achievable in the current market. This helps both the seller and the sales associate to set realistic expectations and increases the chances of a successful sale....