Property Valuation
What is reconciliation in the appraisal process?
AResolving disputes between appraisers
BThe process of weighting and combining value indicators from different approaches into a final value estimate✓ Correct
CCorrecting mathematical errors in an appraisal
DComparing two appraisals of the same property
Explanation
Reconciliation is the final step in appraisal where the appraiser weighs the value indications from each approach (sales comparison, cost, income) based on their reliability and applicability, arriving at a final value estimate.
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