Property Valuation
Reconciliation in the appraisal process involves:
AAveraging the three approach values
BWeighing each approach and arriving at a final value estimate✓ Correct
CAdding all three approach values
DSelecting the highest of the three approaches
Explanation
Reconciliation is the process of analyzing and weighing the results of the three approaches (sales comparison, cost, income) based on their reliability and applicability to arrive at a single final value opinion.
Related Missouri Property Valuation Questions
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