Which of the following terms refers to properties used for comparison when conducting a CMA?

The term that refers to properties used for comparison when conducting a Comparative Market Analysis (CMA) is known as "comparables," often abbreviated as "comps." These are properties that are similar in characteristics to the subject property, such as location, size, age, and features.

Using comparables allows real estate professionals to establish a fair market value for a property based on actual sales data. By analyzing recently sold properties that closely match the subject property, agents can provide accurate pricing recommendations to buyers and sellers. This practice is essential for establishing a competitive price in the current market.

Other terms listed, such as market analysis, while related to the overall process of evaluating the market conditions and pricing strategies, do not specifically denote the properties used as benchmarks in the analysis. Similarly, rate of return pertains to financial returns on investments rather than property comparisons, and assessment records refer to official documents that outline property values for tax purposes, which do not directly assist in the CMA process.