Property Valuation
An appraiser in Montgomery County uses the 'sales comparison approach' for a single-family home. After making all adjustments, the three comps indicate values of $310,000, $315,000, and $322,000. The appraiser reconciles to $315,000. This suggests:
AThe appraiser averaged all three values
BThe appraiser weighted the most reliable comparable(s) most heavily✓ Correct
CThe appraiser selected the middle value automatically
DThe appraiser is required to use the median value
Explanation
Appraisal reconciliation is not a simple average — the appraiser weighs each comparable's reliability. The most similar, most recent, and least adjusted comparable receives the most weight. Selecting $315,000 indicates the appraiser found the comparable supporting that value to be the most reliable indicator.
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