Property Valuation
Reconciliation in the appraisal process refers to:
AMatching the appraised value to the contract price
BAnalyzing and weighing the values from different approaches to arrive at a final estimate✓ Correct
CReviewing the comparable sales with the lender
DReconciling the appraisal with the tax assessment
Explanation
Reconciliation is the final step in the appraisal process where the appraiser analyzes and weighs the value indicators from each approach (sales comparison, cost, income) to develop a final value conclusion.
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