Property Valuation
The reconciliation process in Indiana appraisal practice involves:
AAveraging the three approaches to arrive at a final value
BThe appraiser's analysis and weighting of the approaches to arrive at a final value opinion✓ Correct
CSelecting only the highest indicated value
DAveraging only the sales comparison and income approaches
Explanation
Reconciliation is the process by which the appraiser analyzes and weighs the results of the three approaches, giving more weight to the most reliable approach for that property type, and arrives at a final value opinion.
Related Indiana Property Valuation Questions
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