McKissock 15hr National USPAP Practice Test

When evaluating how the subject property sits in today’s market, the essential data to examine is the current listings. These active on-market properties show what buyers are actually being asked to buy now, including price ranges, features, and how long properties stay listed. This provides a real-time benchmark for competition and price positioning that directly influences value estimates.

Other data like expired listings, pending listings, or off-market/MLS-excluded properties can offer additional context, but USPAP anchors the minimum analysis to current listings because they reflect live market conditions and available competition. Relying only on current listings also keeps the data consistent and readily verifiable, rather than mixing in potentially incomplete or transient data from outside MLS sources.