Property Valuation
A Washington property has unusual characteristics that make it difficult to find comparable sales. The appraiser has three approaches to value that yield widely different results. In the final reconciliation, the appraiser should:
AAverage all three approaches equally
BWeight each approach based on its reliability and applicability to this specific property type and available data✓ Correct
CAlways use the highest value to protect the lender
DUse only the approach that produces the middle value
Explanation
Reconciliation is a reasoned analysis — the appraiser weights each approach based on its reliability, the quality of data, and its applicability to the specific property type. Equal averaging or mechanical selection of the middle value does not reflect professional judgment.
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