CRP Test Broker Market Analysis and Strategy wk 4 100+ (2025-2026 A+ Verified) Exam Questions | Verified Solutions | Correct
Answer Keys
CRP Test Broker Market Analysis
and Strategy wk 4
100+ (2025-2026 A+ Verified) Exam Questions |
Verified Solutions | Correct Answer Keys
VERIFIED ANSWERS
Question 1
What is worldwide ERC
Correct Answer
Worldwide ERC Networks workforce mobility professionals and HR innovators
Question 2
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.
Question 3
The ERC Broker's Market Analysis and Strategy Report is also known as?
Correct Answer
BMA
Question 4
How many times has the BMA form been revised?
Correct Answer
3
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, CRP Test Broker Market Analysis and Strategy wk 4 100+ (2025-2026 A+ Verified) Exam Questions | Verified Solutions | Correct
Answer Keys
Question 5
In what years was the BMA form revised?
Correct Answer
1991, 1996, 2008
Question 6
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.
Question 7
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.
Question 8
Lack of standardization resulted in inaccuracies and required additional time for questions and clarification.
Correct Answer
True
Question 9
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.
Question 10
The 2008 BMA was created to meet the needs of the industry, not the specific economic market.
Correct Answer
True
Question 11
Focus groups, surveys, and field tested feedback were collected to ensure user needs were addressed.
Correct Answer
True
Question 12
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
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, CRP Test Broker Market Analysis and Strategy wk 4 100+ (2025-2026 A+ Verified) Exam Questions | Verified Solutions | Correct
Answer Keys
Question 13
The BMA looked at the property from the ___________ perspective.
Correct Answer
Real Estate Broker's
Question 14
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.
Question 15
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
Question 16
The broker or agent preparing the BMA should make sure that the information in the report is consistently reported
throughout the form.
Correct Answer
True
Question 17
The ERC Brokers Market Analysis and Strategy Report was created in
Correct Answer
1989
Question 18
Page 1 of the Worldwide ERC Broker's Market Analysis and Strategy Report:
Correct Answer
1 -Describes the purpose of the report
2 -Asks for basic information regarding the BMA assignment
3 -Has basic identifying information about the subject property, location and misc. aspects of the subject.
4 - Describes some procedural guidelines
Question 19
The BMA form is designed to enable the real estate broker to perform a diligent analysis of:
Correct Answer
The subject property's condition, competition and future marketability.
Trusted by thousands of students and professionals worldwide Page 3 of 17
Answer Keys
CRP Test Broker Market Analysis
and Strategy wk 4
100+ (2025-2026 A+ Verified) Exam Questions |
Verified Solutions | Correct Answer Keys
VERIFIED ANSWERS
Question 1
What is worldwide ERC
Correct Answer
Worldwide ERC Networks workforce mobility professionals and HR innovators
Question 2
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.
Question 3
The ERC Broker's Market Analysis and Strategy Report is also known as?
Correct Answer
BMA
Question 4
How many times has the BMA form been revised?
Correct Answer
3
Trusted by thousands of students and professionals worldwide Page 1 of 17
, CRP Test Broker Market Analysis and Strategy wk 4 100+ (2025-2026 A+ Verified) Exam Questions | Verified Solutions | Correct
Answer Keys
Question 5
In what years was the BMA form revised?
Correct Answer
1991, 1996, 2008
Question 6
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.
Question 7
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.
Question 8
Lack of standardization resulted in inaccuracies and required additional time for questions and clarification.
Correct Answer
True
Question 9
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.
Question 10
The 2008 BMA was created to meet the needs of the industry, not the specific economic market.
Correct Answer
True
Question 11
Focus groups, surveys, and field tested feedback were collected to ensure user needs were addressed.
Correct Answer
True
Question 12
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
Trusted by thousands of students and professionals worldwide Page 2 of 17
, CRP Test Broker Market Analysis and Strategy wk 4 100+ (2025-2026 A+ Verified) Exam Questions | Verified Solutions | Correct
Answer Keys
Question 13
The BMA looked at the property from the ___________ perspective.
Correct Answer
Real Estate Broker's
Question 14
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.
Question 15
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
Question 16
The broker or agent preparing the BMA should make sure that the information in the report is consistently reported
throughout the form.
Correct Answer
True
Question 17
The ERC Brokers Market Analysis and Strategy Report was created in
Correct Answer
1989
Question 18
Page 1 of the Worldwide ERC Broker's Market Analysis and Strategy Report:
Correct Answer
1 -Describes the purpose of the report
2 -Asks for basic information regarding the BMA assignment
3 -Has basic identifying information about the subject property, location and misc. aspects of the subject.
4 - Describes some procedural guidelines
Question 19
The BMA form is designed to enable the real estate broker to perform a diligent analysis of:
Correct Answer
The subject property's condition, competition and future marketability.
Trusted by thousands of students and professionals worldwide Page 3 of 17
