Property Valuation
Appraisal reconciliation is the process of:
AAveraging the results of all three appraisal approaches
BWeighing the results of the different valuation approaches to arrive at a final value estimate✓ Correct
CNegotiating the appraised value with the lender
DReconciling the appraised value with the purchase price
Explanation
Reconciliation is the final step in the appraisal process where the appraiser weighs the reliability and applicability of each approach used and develops a final value conclusion — not merely averaging the results.
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