The normal method to reach a final estimate of value in a narrative appraisal is
A) an adjusted average of the approaches to value as determined by the judgment of the appraiser.
B) whatever value is shown by the major approach.
C) a mathematically determined average of all approaches.
D) only the capitalized value as determined by the current market rate of return.

Question

Quizplus · Accepted Answer

The normal method to reach a final estimate of value in a narrative appraisal is an adjusted average of the approaches to value as determined by the judgment of the appraiser. This means that the appraiser will consider all relevant information and data from various approaches to value and then use their professional judgment to arrive at a final estimate of value through a process of adjustments and refinement.

The Normal Method to Reach a Final Estimate of Value