Crp TesT Broker MarkeT analysis and sTraTegy Wk 4
QuesTions & ansWers solved 100% CorreCT ||CurrenT
updaTe 2025!
What is worldwide ERC - CORRECT ANSWER-Worldwide ERC Networks workforce mobility professionals
and HR innovators
Worldwide ERC promise - CORRECT ANSWER-innovative solutions for workforce mobility and talent
strategy in a community of colleagues who value exploration and collaboration, so our members and
their companies are prepared and powerful; we listen and learn, then we teach; we sustain quality and
integrity throughout all our meetings, educational products, tax and legal efforts, and survey capabilities;
we create powerful networking for everyone in our industry.
The ERC Broker's Market Analysis and Strategy Report is also known as? - CORRECT ANSWER-BMA
How many times has the BMA form been revised? - CORRECT ANSWER-3
In what years was the BMA form revised? - CORRECT ANSWER-1991, 1996, 2008
Before the first standardized BMA report, corporations with in-house purchase programs, relocation
mgmt. firms and many real estate professionals used: - CORRECT ANSWER-their own unique forms to
provide a market analysis and price opinion.
List other names of forms used for market strategy other than the BMA. - CORRECT ANSWER-Broker's
Price Opinion; Competitive Market Analysis; Broker's Opinion of Value.
, Lack of standardization resulted in inaccuracies and required additional time for questions and
clarification. - CORRECT ANSWER-True
Who formulated the structure and content of the most recently revised BMA form? - CORRECT ANSWER-
A task force of individuals from different segments of the mobility industry.
The 2008 BMA was created to meet the needs of the industry, not the specific economic market. -
CORRECT ANSWER-True
Focus groups, surveys, and field tested feedback were collected to ensure user needs were addressed. -
CORRECT ANSWER-True
The ERC BMA form was initially designed in 1989 to be used: - CORRECT ANSWER-In conjunction with
the appraisal process during a traditional homesale buy-out
The BMA looked at the property from the ___________ perspective. - CORRECT ANSWER-Real Estate
Broker's
Marketing assistance companies obtain the BMA as part of the effort to: - CORRECT ANSWER-Locate a
potential buyer for the transferee's home prior to the homesale buy-out being implemented.
The BMA report is used in: - CORRECT ANSWER-Home marketing assistance programs
Evaluation of distressed properties or REOs
Cross-check of appraisals
Corporate Homesale Buyout Program
Page 6 of the BMA is designed so that: - CORRECT ANSWER-various sections build upon one another
culminating in the Market Strategy and the Value Analysis.
Most likely Sales Price (MLSP) - CORRECT ANSWER-is the amount the buyer will pay for the subject in its
present condition, without recommended repairs and improvements, concessions or incentives.
QuesTions & ansWers solved 100% CorreCT ||CurrenT
updaTe 2025!
What is worldwide ERC - CORRECT ANSWER-Worldwide ERC Networks workforce mobility professionals
and HR innovators
Worldwide ERC promise - CORRECT ANSWER-innovative solutions for workforce mobility and talent
strategy in a community of colleagues who value exploration and collaboration, so our members and
their companies are prepared and powerful; we listen and learn, then we teach; we sustain quality and
integrity throughout all our meetings, educational products, tax and legal efforts, and survey capabilities;
we create powerful networking for everyone in our industry.
The ERC Broker's Market Analysis and Strategy Report is also known as? - CORRECT ANSWER-BMA
How many times has the BMA form been revised? - CORRECT ANSWER-3
In what years was the BMA form revised? - CORRECT ANSWER-1991, 1996, 2008
Before the first standardized BMA report, corporations with in-house purchase programs, relocation
mgmt. firms and many real estate professionals used: - CORRECT ANSWER-their own unique forms to
provide a market analysis and price opinion.
List other names of forms used for market strategy other than the BMA. - CORRECT ANSWER-Broker's
Price Opinion; Competitive Market Analysis; Broker's Opinion of Value.
, Lack of standardization resulted in inaccuracies and required additional time for questions and
clarification. - CORRECT ANSWER-True
Who formulated the structure and content of the most recently revised BMA form? - CORRECT ANSWER-
A task force of individuals from different segments of the mobility industry.
The 2008 BMA was created to meet the needs of the industry, not the specific economic market. -
CORRECT ANSWER-True
Focus groups, surveys, and field tested feedback were collected to ensure user needs were addressed. -
CORRECT ANSWER-True
The ERC BMA form was initially designed in 1989 to be used: - CORRECT ANSWER-In conjunction with
the appraisal process during a traditional homesale buy-out
The BMA looked at the property from the ___________ perspective. - CORRECT ANSWER-Real Estate
Broker's
Marketing assistance companies obtain the BMA as part of the effort to: - CORRECT ANSWER-Locate a
potential buyer for the transferee's home prior to the homesale buy-out being implemented.
The BMA report is used in: - CORRECT ANSWER-Home marketing assistance programs
Evaluation of distressed properties or REOs
Cross-check of appraisals
Corporate Homesale Buyout Program
Page 6 of the BMA is designed so that: - CORRECT ANSWER-various sections build upon one another
culminating in the Market Strategy and the Value Analysis.
Most likely Sales Price (MLSP) - CORRECT ANSWER-is the amount the buyer will pay for the subject in its
present condition, without recommended repairs and improvements, concessions or incentives.
