Property Valuation
An appraiser reconciles the value indications from multiple approaches by:
AAveraging all three approaches equally
BGiving the most weight to the approach most appropriate for the property type and reliability of data✓ Correct
CUsing only the highest value indication
DUsing only the income approach
Explanation
Reconciliation is the process by which the appraiser weights the value indications from the approaches applied, giving the most weight to the approach most appropriate for the property type, market, and quality of data — not a simple average.
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