Property Valuation
When an appraiser reconciles the three approaches to value, they assign weight to each approach based on:
AThe average of all three approaches
BThe highest value to ensure accuracy
CThe reliability and applicability of each approach given the property type and available data✓ Correct
DFREC guidelines for the specific property type
Explanation
In the reconciliation step of an appraisal, the appraiser assigns weight to each approach based on which approach provides the most reliable and applicable evidence for the specific property type and the quality of available market data.
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