What is Comparables (Comps)? | REAL-ESTATE-SALESPERSON Exam Prep

Comparables (comps) are recently sold properties similar to a subject property in location, size, features, and condition, used by appraisers and agents to estimate market value. 📚 Learn more about Comparables (Comps) and other key terms for your REAL-ESTATE-SALESPERSON exam at Open Exam Prep. 🎯 This term appears on: REAL-ESTATE-SALESPERSON 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Comparables (Comps) definition: https://www.open-exam-prep.com/glossary/comparables 💡 Exam Tip: Adjust the COMP, not the subject. Comp Better = Subtract (CBS). Comp Inferior = Add. Use recent sales within 3-6 months. --- #real-estate #examprep #financeexam #real-estate-salesperson