Property Valuation
A Michigan appraiser's 'reconciliation' process does NOT include:
AEvaluating the quantity and quality of data used in each approach
BWeighing the applicability of each approach to the property type
CMathematically averaging the three approach values✓ Correct
DConsidering which approach best reflects how buyers and sellers view the property
Explanation
Reconciliation is not a simple mathematical average of the three approaches. It involves the appraiser's professional judgment about the reliability and applicability of each approach based on the property type, available data, and market behavior.
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