Property Valuation
The reconciliation step in an appraisal involves:
ABalancing the appraiser's bank account
BWeighing the results of the three approaches to arrive at a final value estimate✓ Correct
CAveraging the three approaches mathematically
DChecking the math in the appraisal report
Explanation
Reconciliation is the process where the appraiser reviews and weighs the results of all applicable approaches to value and arrives at a single, well-reasoned final value estimate—not simply averaging the results.
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