Property Valuation
Reconciliation in the appraisal process refers to:
AMatching the appraisal fee to market rates
BThe appraiser's process of weighing the results of the three approaches to arrive at a final value estimate✓ Correct
CCorrecting errors in comparable sales data
DReconciling the appraisal with the purchase price
Explanation
Reconciliation is the final step in the appraisal process where the appraiser weighs and correlates the value indications from each approach (sales comparison, cost, income) to arrive at a final, supportable value estimate.
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