Property Valuation
In Mississippi, what is the purpose of the 'reconciliation of value' step in the appraisal process?
ATo average the three approaches to value
BTo make a reasoned judgment about the relative reliability of each approach and arrive at a final, supportable value conclusion✓ Correct
CTo present the highest indicated value to support the purchase price
DTo review the client's financial qualifications
Explanation
Reconciliation is the appraiser's professional judgment step where they weigh the relative strength and applicability of each value approach, considering data reliability and property type, to arrive at a single final value estimate.
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