Arkansas Real Estate Practice Exam

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What does a Broker's Price Opinion provide?

A varying level of detail about the real estate's condition, market, and neighborhood
An exact calculation of the property's value
A legal appraisal of property value
A homeowner's personal opinion on their property's worth

The correct answer is: A varying level of detail about the real estate's condition, market, and neighborhood

A Broker's Price Opinion provides a varying level of detail about the real estate's condition, market, and neighborhood. This includes information such as recent sales in the area, current market trends, and the overall condition of the property. It is not an exact calculation of the property's value like an appraisal, nor is it a legal document or the homeowner's personal opinion on their property's worth. Therefore, option A is the most accurate choice.