What does the abbreviation CMA stand for in real estate?

The abbreviation CMA in real estate stands for Comparative Market Analysis. A Comparative Market Analysis is a process used by real estate professionals to evaluate a property's value by comparing it to similar properties (comps) that have recently sold in the same area. This analysis takes into account various factors such as the property's location, size, condition, and features, as well as the prices of comparable properties.

Real estate agents typically conduct a CMA to help their clients understand the current market conditions and to assist sellers in setting a competitive and realistic listing price for their home. Similarly, buyers can use a CMA to guide their offers on properties based on recent sales data.

The other options provided do not accurately reflect the commonly used terminology in real estate for assessing property value. Therefore, Comparative Market Analysis is considered the correct and widely recognized term within the industry.