Property Valuation
An appraiser uses three comparable sales and makes adjustments. Comparable A adjusted to $310,000, B to $315,000, and C to $308,000. What is the reconciled value if the appraiser weights them equally?
A$310,000
B$311,000✓ Correct
C$315,000
D$308,000
Explanation
Equal-weighted reconciliation: ($310,000 + $315,000 + $308,000) ÷ 3 = $933,000 ÷ 3 = $311,000. Using the values given ($310,000,, $315,000,), apply the appropriate formula.. The correct answer is $311,000.. This is a common calculation on the Minnesota real estate exam.
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