Property Valuation
An appraiser's reconciliation process involves:
AAveraging the three approaches to value
BWeighting each approach based on its reliability for the property type and selecting a final value opinion✓ Correct
CSelecting the highest value among the three approaches
DAlways deferring to the income approach
Explanation
Reconciliation requires the appraiser to analyze each approach's reliability given the property type and available data, then weigh them appropriately to arrive at a single supported value conclusion.
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