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 Kentucky
Kentucky State Requirement Details for Real Estate Broker and Sales Associate Continuing Education
Renewal Date: March 31st of even-numbered years. Mandatory CE must be completed by December 31st of each year. If a continuing education course is taken after December 21st of the calendar year, the licensee's license may be cancelled if the course is not timely completed.
Hours Required by the State: 12 hours (every two years)
- 6 hours in real estate law
- 6 hours of elective courses
Kentucky Real Estate Commission
Street Address: Mayo-Underwood Building, 500 Mero Street , 2NE09, Frankfort, Kentucky 40601
Mailing Address: Mayo-Underwood Building, 500 Mero Street , 2NE09, Frankfort, Kentucky 40601
Telephone: (502) 564-7760