Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Reconciliation process- (worth 10 points total. RUBRIC= 1pt for each correct T/F, 1pt each for relevant explanation as to why). Indicate if each Statement is

Reconciliation process- (worth 10 points total. RUBRIC= 1pt for each correct T/F, 1pt each for relevant explanation as to why). Indicate if each Statement is True or False AND describe why this is the case. 1. Reconciliation is used to combine different value indicators into a single estimate of value. 2. Using a greater number of value indicators increases the disparity between them and makes the final estimate less reliable. 3. When value indicators differ, the appraiser must and will repeat the reconciliation process until each value indicator is exactly the same. 4. One reason why an appraiser might need to reconcile the values of different comparables is to find an indicator of the site value of the Subject property in the Cost Approach. 5. In the Sales Comparison Approach, an appraiser may have to reconcile value indicators that are based on different units of comparison.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Financial Management

Authors: Eugene F. Brigham, Joel F. Houston

13th edition

978-1285027371, 128502737X, 978-1133541141

More Books

Students also viewed these Finance questions