Property Valuation
A Florida appraiser uses three comparable sales to estimate a home's value: $305,000, $312,000, and $298,000. After adjustments, the weighted reconciled value is $305,500. This final step is called:
ACorrelation
BReconciliation✓ Correct
CExtrapolation
DRegression
Explanation
Reconciliation (correlation) is the final step in the appraisal process where the appraiser weighs the results from all valuation approaches and comparable sales to arrive at a final opinion of value.
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