Property Valuation
A Washington appraiser assigns a final value of $525,000 after completing the sales comparison, cost, and income approaches. The final value is called the:
AAverage of the three approaches
BReconciled opinion of market value✓ Correct
CAssessed value
DReplacement value
Explanation
After completing and weighing each approach, the appraiser's reconciled opinion of market value is the final conclusion in the appraisal report. It represents the appraiser's professional judgment of the property's market value.
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