Property Valuation
When a New Jersey appraiser reconciles value indications from multiple approaches, the weight given to each approach should reflect:
AEqual weighting always for objectivity
BThe relevance and reliability of each approach given the property type and available data✓ Correct
CWhichever approach produces the highest value
DThe client's preferred value indication
Explanation
In the reconciliation step, an appraiser weighs each value indication based on the quantity and quality of data available and the appropriateness of each approach for the specific property type. The sales comparison approach typically receives the most weight for residential properties.
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