Property Valuation
Vermont's 'reconciliation' in an appraisal report refers to:
AResolving disputes between buyers and sellers
BThe appraiser's final weighing of the results of the three approaches to arrive at a final value conclusion✓ Correct
CBalancing the closing statement
DComparing the appraisal to the tax assessment
Explanation
In the appraisal process, reconciliation is the step where the appraiser analyzes the results of all applicable value approaches, weighs their reliability and relevance, and arrives at a final value conclusion.
Related Vermont Property Valuation Questions
- The principle of substitution in Vermont real estate valuation states that:
- In Vermont, a 'distressed sale' (foreclosure, estate sale under time pressure) may be considered:
- In Vermont's rural market, which appraisal approach is typically given the most weight for single-family residential properties?
- Vermont appraisers are required to hold which license or certification under federal law?
- Vermont's 'contributory value' of an improvement measures:
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- A Vermont appraiser notes that a property is in a 'declining market.' How should this affect the appraisal?
- Vermont's 'appraisal review' process involves:
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