Valuation
Reconciliation
A concise definition for the California Real Estate Exam study guide.
Definition
The final step in appraisal where the appraiser weighs the reliability and relevance of the three approaches to arrive at a final value opinion. It is NOT simply averaging the results.
Why it matters on the California real estate exam
Know the definition, recognize how the term appears in a fact pattern, and compare it with related concepts before choosing an answer.
Study this topic in context
Read the related chapter for the surrounding concepts, examples, and exam tips.
Chapter 6: Valuation & Appraisal →