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In our office, agents are forbidden from investing in this kind do the job. A close cousin for the BPO will be the CMA, which stands for comparative (or sometimes "competitive") market analysis and involves an agent researching sales on location Multiple Listing Service (MLS). The agent who hopes to now list residence compares house to other homes for the market, and to homes that recently sold, and offers you a rough estimate in the it would sell for on capabilities. An appraisal is a valuation of property developed by a LICENSED appraiser.