What responsibility does a listing broker have when there are concerns about appraised value?

A listing broker has the responsibility to provide comparable sales data when there are concerns about appraised value. This is crucial because comparable sales, or "comps," serve as a benchmark for determining the fair market value of a property. By presenting relevant comps, the broker can support the property's listed value and address any discrepancies that may arise during the appraisal process.

Using comparable sales data helps to demonstrate to buyers, sellers, and appraisers that the listing price is justified based on similar properties in the area. It provides tangible evidence that can help clarify any issues raised by the appraised value and potentially lead to a favorable resolution. This practice reinforces the broker's role as a knowledgeable professional in the real estate market, who can guide their clients based on data-driven insights.

While other options may seem viable at first glance, they do not directly fulfill the essential role of addressing appraised value concerns in the context of real estate transactions.