Property Valuation
A Missouri appraiser's reconciliation process involves:
AAveraging the three approach values
BWeighing each approach's reliability and relevance to arrive at a final value opinion✓ Correct
CAlways selecting the highest value
DSelecting the lowest value to protect the lender
Explanation
Reconciliation in appraisal is the process of analyzing and weighing the results of the three approaches (sales comparison, cost, income) based on the quantity and quality of data and the property type to arrive at a final value opinion.
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