Property Valuation
Reconciliation in the appraisal process involves:
AAveraging the three approaches to value
BThe appraiser weighing each approach and explaining the final value conclusion✓ Correct
CAdjusting the assessed value for tax purposes
DBalancing the trust account
Explanation
Reconciliation is the final step where the appraiser weighs the results of the applicable approaches (cost, sales comparison, income) and provides a reasoned conclusion of value, not simply averaging the results.
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