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