Preparing a Market Analysis - Best Practices (3hr)
Whether for a buyer or seller, the comparative market analysis, properly done, can mean several thousands extra dollars in their pockets, and can determine whether a deal can be struck at all. But because it’s such a well-worn tool, it’s tempting for a licensee to get complacent with the CMA, and “phone it in.”
Don’t be that licensee!
This course covers the how-tos of a professionally researched comparative market analysis.
Course Highlights:
- The three-step approach to market analyses: the market, the property, the numbers
- Sources for subject property data and market data
- Using expired and active listings to inform pricing strategy
- How to prioritize criteria when selecting comparables
- How to adjust and homogenize selected comparables
- How to weight selected comparables when selecting a list price range
State Requirements For New York
New York State Requirement Details for Real Estate Continuing Education - Broker and Sales License
Renewal Date: Every two years by the exact day of your license anniversary date
Hours Required: 22.5 hours
- 2 hours implicit bias
- 2 hours cultural competency
- 3 hours fair housing
- 2.5 hours ethical business practices
- 1 hour legal matters
- 1 hour agency (2 agency hours for initial license renewal)
- 11 elective hours
New York Department of State
Street Address: One Commerce Plaza, 99 Washington Avenue, Albany, NY 12231
Mailing Address: P.O. Box 22001, Albany, NY 12201-2001
Phone: 518.474.4429
Fax: 518.473.6648