A narrative report separates market analysis, individual valuation approaches, property description and a final value opinion section. In this outline, where should the concluding reconciliation be presented?
Correct Answer
B) Final value opinion section
In the stated outline, the final-value section logically presents the concluding reconciliation. This is an organizational answer about the supplied outline, not a requirement that every report use that exact heading. The communication must still adequately explain the conclusion.
Why This Is the Correct Answer
In the stated outline, the final-value section logically presents the concluding reconciliation. This is an organizational answer about the supplied outline, not a requirement that every report use that exact heading. The communication must still adequately explain the conclusion.
More Reconciliation Questions
An appraiser signs, finalizes and electronically transmits a residential appraisal report to the client on March 15. Its value opinion has a March 1 effective date. The client does not open the transmitted report until March 20. What is the report date?
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A client asks an appraiser to raise a completed report’s value conclusion by $15,000 solely to match the contract price, without providing new evidence. What should the appraiser do?
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