Property Valuation
Reconciliation in the appraisal process refers to:
ACorrecting mathematical errors in the appraisal
BThe appraiser's process of analyzing and weighting the results of the three approaches to arrive at a final value opinion✓ Correct
CReconciling the listing price with the appraised value
DAdjusting comparables for differences from the subject
Explanation
Reconciliation is the final step in the appraisal process where the appraiser analyzes the results from each approach, considers which is most reliable for the property type, and arrives at a final value conclusion.
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