Certified Relocation Professional (CRP) Practice Exam

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Enhance your relocation knowledge and skills with the CRP Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

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What is typically not confirmed by the homeowner when completing the ERC BMA report?

  1. Personal property items left with the home

  2. Estimated home value

  3. Necessary safety repairs

  4. Items in the local marketplace

The correct answer is: Estimated home value

In the context of the ERC BMA (Employee Relocation Council's Broker Market Analysis) report, the homeowner typically does not confirm the estimated home value. This is because the estimated home value is usually derived from market analysis conducted by real estate professionals rather than being directly provided or confirmed by the homeowner. The homeowner's perspective may be influenced by personal attachments or subjective beliefs about their property's worth, which could skew the representation of its market value. On the other hand, personal property items left with the home, necessary safety repairs, and items in the local marketplace are aspects that the homeowner is often responsible for confirming. These elements are important for accurately assessing the condition of the property and its marketability, which are essential factors in the relocation process.

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