Property Valuation
An appraiser makes a final value conclusion by reconciling the three approaches. This process is called:
AValue synthesis
BCorrelation and reconciliation✓ Correct
CMarket averaging
DWeighted summation
Explanation
The final step in the appraisal process is reconciliation (also called correlation), where the appraiser weighs the results of all applicable approaches and reaches a final opinion of value.
Related Georgia Property Valuation Questions
- An appraiser determines that a property's contributory value of a swimming pool is $15,000. This means:
- The subject property in an appraisal refers to:
- The income approach to value is LEAST appropriate for which property type?
- The 'cost to cure' method of depreciation estimates functional obsolescence by calculating:
- 'Value in use' differs from 'market value' in that value in use is:
- When appraising a property using the income approach, the capitalization rate is determined by:
- The income capitalization approach to value assumes that value is:
- A capitalization rate for an income property is influenced by all of the following EXCEPT:
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