Property Valuation
Reconciliation in the appraisal process means:
AAveraging the values from all three approaches
BThe appraiser weighs the results of each applicable approach and arrives at a final value estimate✓ Correct
CAdjusting the sales price for financing terms
DComparing the appraised value to the contract price
Explanation
Reconciliation is the final step where the appraiser evaluates the reliability and applicability of each approach used, then weighs them to arrive at a single final value estimate — not a simple average.
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