Property Valuation
What does 'reconciliation' mean at the end of a Delaware appraisal?
AChecking the arithmetic in the appraisal report
BThe process of weighing the value indications from different approaches to arrive at a final value opinion✓ Correct
CAdjusting the appraised value to the lender's target value
DVerifying the comparables with the MLS
Explanation
Reconciliation is the final step in the appraisal process where the appraiser weighs the value indications from the cost, income, and sales comparison approaches and, based on their relevance and reliability, arrives at a final value opinion.
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