What is the primary function of a comparative market analysis (CMA) in real estate transactions?

The primary function of a comparative market analysis (CMA) in real estate transactions is to provide an estimate of a property's market value. A CMA involves analyzing similar properties in the area that are currently on the market, recently sold, or expired listings to determine the most likely price a property will sell for. This information is crucial for both buyers and sellers to make informed decisions about pricing and offers.

The other options are incorrect because:

• A is incorrect because while a CMA may assist in developing a marketing strategy, its primary function is to determine market value.

• C, D, and F are incorrect as they do not relate to the main purpose of a CMA, which is determining the market value of a property.

• E is incorrect because a CMA focuses on the current market value of a property rather than forecasting future values.