Property Valuation
In an appraisal, what does reconciliation mean?
ACorrecting errors in the sales comparison approach
BThe process of reviewing and weighing the results of the different appraisal approaches to arrive at a final value✓ Correct
CAdjusting the comparable sales for market conditions
DVerifying the title is clear before closing
Explanation
Reconciliation (or correlation) is the appraisal step where the appraiser reviews the values indicated by each approach used and uses professional judgment to arrive at a final opinion of value.
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