RPR app: How do I create a CMA?

RPR’s CMA (Comp Analysis) workflow is a process where you will confirm the property facts, choose comps, make adjustments, review your result, and create a Seller’s Report. Tap the Create Comp Analysis button on the Property Details screen to begin. See below for step-by-step instructions.

Step-by-Step Instructions

Click on the tabs below to see step-by-step instructions.

Step 1 – Access

  • Enter a property address in the search bar and tap the magnifying glass.

  • On the Property screen, scroll down to the Create Comp Analysis button and tap it.

Step 2 – Add Comps

  • Tap a map pin to review a property as a possible comp.

  • Tap the Add button to choose a property as a comp. Tap the map to continue reviewing properties.

  • Tap the Next button when you are finished choosing comps.

Step 3 – Review and Adjust Comps

  • Review your comps. If you would like to delete a comp from your CMA, tap the Remove link. Next, rate each comp as it compares to the subject property.

  • Move the slider to the left or right to indicate that a comp is worse or better than the subject property. Moving the slider changes the price per square foot that is applied when calculating the subject property estimate.

  • Moving the slider to the left indicates that the comp is worse than the subject property and increases the subject property estimate. Moving the slider to the right indicates that the comp is better than the subject property and decreases the subject property estimate.

  • Each comp’s price per square foot is multiplied by the subject property’s living area. The results for all your selected comps are averaged, yielding the subject property estimate.

  • Add a note at the bottom of each comp column if you choose.

  • Tap the Next button when you are finished.

Step 4 – Review Result and Run Report

  • Review the result of your CMA. Tap Edit if you want to edit the result or range (e.g. round up or narrow range).

  • Choose to download or email your Seller’s Report.

  • Tap the Run Report button when finished.

Frequently Asked Questions

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The CMA Result is calculated by multiplying the price per square foot of your lowest and highest comps to the living area of your subject property creating the range.  The CMA Result is the median.

Lowest price per square foot comp x number of square feet of subject property = low end of range.
Highest price per square foot comp x number of square feet of subject property = high end of range.
The median = Comparative Analysis result

The CMA Range is the price range bracketing your Comp Analysis Result. It is calculated by applying the price per square foot of your lowest and highest comps to the living area of your subject property.

The properties used to generate a subject property’s RVM® or AVM do not necessarily yield the same result when applied in the CMA tool. This is because the mechanism used to generate an RVM® or AVM  estimated  value uses different math than what is used in the CMA.  The RVM® and AVM uses sophisticated algorithms that build in a great deal of comparison logic to arrive at an estimate for a property.

Need Help?

If you need additional assistance, contact RPR Member Support at (877) 977-7576 or open a Live Chat from any page of the website.

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