Property Valuation
An Ohio appraiser identifies three comparable sales. After adjustments, the indicated values are $310,000, $315,000, and $308,000. The final value opinion could be reconciled to:
AThe average: $311,000
BAny value within the range, weighting the most reliable comparable more heavily✓ Correct
CAlways the median value
DAlways the highest value to protect the lender
Explanation
Reconciliation is not a simple average. The appraiser weights the most reliable comparable (fewest adjustments, most similar) more heavily and exercises judgment to produce a final credible value opinion.
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