Property Valuation
A Hawaii residential appraiser considers three comparable sales in a neighborhood. After adjustments, the values are $850,000, $855,000, and $848,000. The best estimate of value would be approximately:
A$840,000
B$851,000✓ Correct
C$860,000
D$870,000
Explanation
The appraiser would reconcile the three adjusted values by weighting those with fewer adjustments more heavily. The range clusters around $851,000, making it the most supportable estimate.
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