{
  "name": "BC Real Estate Codex — Facts API",
  "description": "Machine-readable catalog of every BC residential real estate legal, tax, regulatory, and transaction fact. Maintained by Bronson Job PREC, REALTOR® at Royal LePage Ben Gauer & Associates. Updated quarterly. CC BY 4.0 — cite us.",
  "version": "v1",
  "license": "https://creativecommons.org/licenses/by/4.0/",
  "canonical_url": "https://www.bronsonjob.com/api/v1/facts/index.json",
  "publisher": {
    "name": "Royal LePage Ben Gauer & Associates",
    "url": "https://www.bronsonjob.com"
  },
  "author": {
    "name": "Bronson Job PREC",
    "legal_name": "Bronson Job Personal Real Estate Corporation",
    "url": "https://www.bronsonjob.com/about/bronson-job",
    "job_title": "REALTOR®"
  },
  "cite_as": "Bronson Job PREC (2026). BC Real Estate Codex — Facts API. https://www.bronsonjob.com/api/v1/facts/.",
  "re_verification_cycle_days": 180,
  "contact": "bronson@bronsonjob.com",
  "generated_at": "2026-06-23T05:36:37.415Z",
  "fact": {
    "id": "bc.cma.overview",
    "label": "BC Comparative Market Analysis (CMA) framework",
    "description": "A Comparative Market Analysis (CMA) is a written report prepared by a BCFSA-licensed REALTOR® for a seller (or prospective seller) to support a recommended listing price. The CMA is not an appraisal under the BC Appraisal Institute framework; it is a market-opinion document and does not carry the regulatory standing of an appraisal report. A typical BC CMA includes (a) 3-6 recent comparable sales from the same neighbourhood or submarket, adjusted for square footage / lot size / condition / features; (b) current active listings as a competitive snapshot; (c) recently expired or withdrawn listings as overpricing signals; (d) the realtor's recommended listing range and pricing strategy. CMAs are widely used in BC for listing decisions, but do not satisfy lender appraisal requirements — lenders require a CRA / AACI / RI-designated appraiser under the federal Bank Act framework.",
    "value": {
      "definition": "realtor-prepared market-opinion report supporting a listing-price recommendation",
      "preparer_credential": "BCFSA-licensed REALTOR®",
      "regulatory_standing": "not an appraisal under the BC Appraisal Institute framework",
      "typical_components": [
        "3-6 recent comparable sales",
        "current active listings",
        "expired or withdrawn listings",
        "recommended listing range"
      ],
      "adjustment_factors": [
        "square footage",
        "lot size",
        "condition",
        "features",
        "view",
        "days-on-market"
      ],
      "lender_acceptance": "NOT accepted as the appraisal of record by federally-regulated lenders",
      "typical_use_cases": [
        "pre-listing pricing",
        "seller decision-support",
        "buyer offer-strategy benchmarking"
      ]
    },
    "unit": "rule-set",
    "version": 1,
    "effective_iso": "2018-06-15",
    "expires_iso": "2027-05-22",
    "domain": "legal",
    "tags": [
      "cma",
      "comparative-market-analysis",
      "pricing",
      "listing",
      "bc"
    ],
    "citations": [
      {
        "url": "https://www.bcfsa.ca/industry-resources/real-estate-professional-resources/knowledge-base/real-estate-services-rules",
        "org": "BCFSA",
        "title": "BCFSA — Real Estate Services Rules",
        "retrieved_iso": "2026-05-22"
      },
      {
        "url": "https://bcrea.bc.ca/standard-forms/",
        "org": "BCREA",
        "title": "BCREA Standard Forms — Listing Contract",
        "retrieved_iso": "2026-05-22"
      }
    ],
    "history": [],
    "superseded_by": null,
    "relatedGuides": []
  }
}