In reconciliation, the appraiser weighs each indication primarily by:
Correct Answer
B) The reliability of its data and the extent of adjustment required
Why this is correct: Reconciliation weighs each value indication by the reliability of its data and the extent of adjustment required. Less adjustment and verified data increase confidence. Why the other choices are wrong: The recency of the sale date, regardless of any other factor is wrong; recency matters but isn't sole factor. The number of comparables that produced a similar figure is part of weighting but not primary. Whichever indication is closest to the contract price on the subject is inappropriate; contract price isn't a weighting criterion. Exam tip: Weight comparables by data quality and similarity, not by outcome.
Why This Is the Correct Answer
Why this is correct: Reconciliation weighs each value indication by the reliability of its data and the extent of adjustment required. Less adjustment and verified data increase confidence. Why the other choices are wrong: The recency of the sale date, regardless of any other factor is wrong; recency matters but isn't sole factor. The number of comparables that produced a similar figure is part of weighting but not primary. Whichever indication is closest to the contract price on the subject is inappropriate; contract price isn't a weighting criterion. Exam tip: Weight comparables by data quality and similarity, not by outcome.
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