Property Valuation
The 'reconciliation' step in an appraisal involves:
AAveraging the three appraisal approach values
BWeighting and analyzing the results of all approaches to arrive at a final value opinion✓ Correct
CReviewing the property's deed history
DVerifying the zoning classification of the property
Explanation
Reconciliation is the process by which the appraiser weighs the results of the three approaches to value (sales comparison, cost, income) and arrives at a final, supportable value opinion. It is NOT a simple average.
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