Property Valuation
A 'reconciliation' in a final appraisal report involves the appraiser:
AAveraging all three approach values
BWeighting and reconciling the results of each approach based on the property type, available data, and purpose of the appraisal✓ Correct
CChecking all math for accuracy
DConfirming the sale price with the parties
Explanation
Reconciliation is the appraiser's professional judgment process of weighting the indications of value from each approach, giving more weight to those most appropriate for the property type and best supported by data.
Related Arizona Property Valuation Questions
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- An Arizona appraiser who provides an appraisal report that omits negative information to help a transaction close is committing:
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