Practice & MathPregunta 94 de 100
The process of weighing the value estimates from multiple appraisal approaches into a final opinion of value is called:
a.Reconciliation
b.Amortization
c.Capitalization
d.Depreciation
Explicación
Reconciliation is the final step of an appraisal where the appraiser weighs the results of the different approaches to arrive at a single value opinion. It is a judgment process, not a simple averaging. The appraiser gives most weight to the most reliable approach for that property.
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