Property Valuation
In Wyoming, the reconciliation step in an appraisal report requires the appraiser to:
AAverage the three approaches to value mathematically
BWeigh the reliability and applicability of each value indication and arrive at a final value conclusion✓ Correct
CUse only the highest value indication
DUse whichever approach the lender prefers
Explanation
Reconciliation requires the appraiser to weigh each approach's indication based on the quality and quantity of data, the property type, and the reliability of each approach for the specific assignment. The final value conclusion is not a mathematical average but a reasoned judgment.
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