Property Valuation
What is 'reconciliation' in a Rhode Island appraisal report?
AA dispute resolution process between appraiser and client
BThe final step where the appraiser weighs the indicated values from different approaches to arrive at a final value opinion✓ Correct
CMatching the property description to the deed
DVerifying the property's tax assessment with the municipality
Explanation
Reconciliation is the final analytical step in the appraisal process where the appraiser considers the results from all applicable approaches (sales comparison, income, cost) and weights them to arrive at a final, supported opinion of value.
Related Rhode Island Property Valuation Questions
- In Rhode Island, an appraiser values a single-family home using the cost approach. After estimating the land value at $80,000 and the depreciated cost of improvements at $220,000, what is the indicated value?
- In Rhode Island, what is a 'drive-by appraisal' (or desktop appraisal)?
- Capitalization rate (cap rate) is used in the income approach and is calculated as:
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