CMA’s When Buying Personal Residences

When negotiating to purchase a property for yourself, as a licensee, you are required to provide the seller with BPO or CMA.

TREC Rule 535.16(c) states: “A real estate license holder is obligated to provide a broker price opinion or comparative market analysis on a property when negotiating a listing or offering to purchase the property for the license holder’s own account as a result of contact made while acting as a real estate agent.”