What is performed by real estate agents to assist their clients in determining a reasonable asking price for a listed property?

An Appraisal Price Opinion is typically prepared by a licensed appraiser rather than a real estate agent. While it can provide a valuation, it is more formal and not the common tool agents use to guide clients in pricing a home. It may serve as a secondary option, but it lacks the direct comparative analysis that a CMA offers.

A Real Estate Appraisal is a professional assessment conducted by a certified appraiser to determine a property's market value. While this process can inform a property's value, it is not directly performed by real estate agents and is more formal than a CMA, which is tailored specifically for pricing strategies.

Offer Price Analysis focuses on evaluating the offers made on a property rather than determining its asking price. This analysis is used after a property is listed and helps sellers assess incoming bids, but it does not assist in setting the initial asking price.