Property Valuation
A Connecticut appraiser identifies three comparable sales. After adjustments, the indicated values are $490,000, $495,000, and $492,000. The appraiser gives greatest weight to the most comparable sale, arriving at a final value of $492,000. This is called:
AAveraging
BReconciliation✓ Correct
CInterpolation
DCorrelation
Explanation
Reconciliation is the appraisal step where the appraiser analyzes, weighs, and selects among the values indicated by different comparables and approaches to arrive at a final value opinion.
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