** Cancelled ** Pricing in a Competitive Market *4CE
25300 Bernwood Dr #1
Bonita Springs, FL 34135 United States
BEAR
Thursday, May 21, 2020 (9:00 AM - 1:00 PM)
(EDT)
Event Details
** Cancelled ** This course covers how an agent can learn to price properties in a competitive or changing market. The students are introduced to the concepts of appraisal versus a CMA, and the general descriptions of each, as well as the legal obligations that an agent has in Florida with respect to a CMA—when it can be done, what disclaimers apply, etc.
With close to 60% of all agents, nationwide, having tenure of less than 5 years in the real estate business, many of them have not experienced what some call a ‘down’ market, and others call a ‘normal’ market.
Objectives: At the end of this course, participants will be able to:
• define pricing, valuation, appraisals and CMA; define the three methods, or approaches, to value; how Florida Statute 475.612 relates to valuation reports;
• identify the challenges for pricing properties;
• know how to read a market; estimate supply and demand;
• calculate and apply the absorption rate;
• understand that the ‘market’ is actually comprised of several markets in a geographical area;
• understand why some price ranges will always be performing better than others;
• evaluate the market to value the property; how “Day’s on Market” Can Effect Pricing and protect the Consumer by adhearing to Article 1 of the Realtor® Code of Ethics
Instructor: Dave Dettmann
Additional Information
Event Contact:
Jennifer Driscoll
Contact Organization:
Bonita Springs-Estero REALTORS
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