Property Valuation
When a Montana appraiser reconciles the three approaches to value, they are:
AAveraging the three indicated values
BAnalyzing the reliability of each approach given the property type and available data, then developing a final value opinion✓ Correct
CUsing the highest indicated value for conservative estimates
DRequired to use all three approaches equally
Explanation
Reconciliation involves the appraiser analyzing the strengths and weaknesses of each approach given the property type, data quality, and intended use. The appraiser weighs each approach appropriately and develops a final value opinion—not a simple average of the three indications.
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