Certified Relocation Professional (CRP) Practice Exam

What is the estimated normal marketing time for a property if the transferee will have 30 days post-appraisal to market it?

1. 30 days

2. 60 days

3. 90 days

4. 120 days

The correct answer is: 60 days

The estimated normal marketing time for a property, in this case, is often derived from the combination of the post-appraisal time period and typical real estate market conditions. Given that the transferee will have 30 days after the appraisal to actively market the property, the total estimated marketing time would usually account for additional factors that can impact selling efficiency. In many markets, properties generally require more time than just the immediate marketing period to attract buyers, negotiate offers, and complete sales transactions effectively. A typical timeframe, considering these factors, could indeed extend to around 60 days, providing a more realistic window for the sales process to unfold. This estimate reflects the need for not just exposure but also the time involved in the negotiation and closing stages of the sale, making 60 days a logical choice in many situations. Thus, taking into account both the direct marketing time after appraisal and additional considerations of the selling process, the answer points toward that 60-day mark as a reasonable expectation for the property to sell.