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Real Estate Licensing Maryland-Real-Estate-Salesperson Exam - Topic 15 Question 6 Discussion

Actual exam question for Real Estate Licensing's Maryland-Real-Estate-Salesperson exam
Question #: 6
Topic #: 15
[All Maryland-Real-Estate-Salesperson Questions]

Which of the following is a method a real estate licensee uses to determine an appropriate listing price range?

Show Suggested Answer Hide Answer
Suggested Answer: B

Comprehensive and Detailed Explanation From Exact Extract of Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course:

Only licensed or certified appraisers may perform an appraisal for a fee in a federally related transaction.

A real estate licensee, however, may prepare a Comparative Market Analysis (CMA) or Broker Price Opinion (BPO) to help a seller decide on a listing price or a buyer to make an offer.

A CMA compares recent sales, active listings, and expired listings of similar properties to estimate a realistic price range.

This procedure is emphasized in the ''Appraisal and Valuation'' module as a permitted pricing tool for real estate professionals.

Reference (Maryland Source):

-- Maryland 60-Hour Principles and Practices of Real Estate Pre-Licensing Course, Valuation and CMA section.

-- Business Occupations and Professions Article 17-511 (b).


by Chana at Nov 20, 2025, 08:06 AM

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Minna
10 hours ago
Wait, is D) Proforma even related to listing prices? Seems off.
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Willie
6 days ago
I agree, B is the best choice!
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Emogene
11 days ago
I thought A) Appraisal was more common for pricing.
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Hermila
16 days ago
Definitely B) Comparative market analysis! That's the go-to method.
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Pok
21 days ago
Haha, D. Proforma? What is this, a commercial real estate exam?
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Kizzy
26 days ago
B all the way! Comps are the key to nailing that listing price.
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Flo
1 month ago
D. Proforma? Really? Who uses that for pricing a house?
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Tijuana
1 month ago
B is the correct answer. Gotta love those comps!
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Ashley
1 month ago
I thought the market process was more about trends rather than setting a price, but I guess it could be related somehow.
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Chanel
2 months ago
I feel like I've seen questions about this before, and I think the answer might be B, but I could be mixing it up with something else.
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Josephine
2 months ago
Comparative market analysis, that's the one! I remember learning that's the key tool real estate agents use to determine the right listing price. B is definitely the answer I'm going with on this exam question.
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Mary
2 months ago
Okay, let me walk through this step-by-step. We use a comparative market analysis to look at recent sales of similar properties in the area. That helps us price the listing competitively. I'm pretty confident B is the right answer here.
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Scot
2 months ago
I remember studying appraisals, but I can't recall if they are specifically for listing prices or just for valuations in general.
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Mabel
2 months ago
I think the comparative market analysis is the most common method, but I'm not entirely sure if it's the only one used.
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Gilberto
2 months ago
Definitely B. Comparative market analysis is the way to go for real estate pricing.
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Ronny
3 months ago
I'm a little confused on this one. Is it B, comparative market analysis? Or could it be C, market process? I'll have to review my notes to make sure I understand the difference between those two methods.
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Bernardo
3 months ago
I'd say A. An appraisal is the most reliable method to determine a listing price.
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Margarett
3 months ago
Hmm, I'm not totally sure about this one. I know we use appraisals and market processes, but I can't remember if comparative market analysis is the right term. I'll have to think this through carefully.
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Stevie
3 months ago
I think I know this one - it's got to be B, comparative market analysis. That's how we look at similar properties to determine the right listing price.
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