Property Valuation
The term 'reconciliation' in an appraisal report refers to:
ACorrecting mathematical errors in the appraisal
BThe appraiser's process of weighing the evidence from multiple approaches to reach a final value conclusion✓ Correct
CMatching the appraised value to the purchase price
DExplaining differences between the subject and comparables
Explanation
Reconciliation is the analytical process in which the appraiser considers the strengths and weaknesses of each approach to value, weighs the evidence from all applicable approaches, and arrives at a single final value conclusion (or range).
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