Property Valuation
A North Dakota appraiser reconciles three approaches to value at $310,000, $325,000, and $315,000. The appraiser assigns the most weight to the sales comparison approach and concludes $315,000. This process is called:
AAveraging
BReconciliation✓ Correct
CRegression analysis
DValue blending
Explanation
Reconciliation is the appraisal process of analyzing and weighing the results of all approaches used to arrive at a final value estimate. Rather than averaging, the appraiser assigns weight based on data quality and approach reliability for the specific property type.
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