During the reconciliation within the sales comparison approach, what does the appraiser consider?

• A. The date of sale
• B. The validity of each element for each sale compared to the subject property
• C. The commission rate
• D. The listing price

Answer: (B)

During reconciliation, the appraiser focuses on how credible and applicable each adjustment element is for each comparable in relation to the subject. This means evaluating whether the differences identified between each sale and the subject reflect real market factors, are supported by data, and are transferred appropriately to the subject’s value. The goal is to judge the reliability and relevance of every element—price, time, property features, conditions, and other differences—for each sale, and then weigh the adjusted prices accordingly to reach a final estimate. Other items like the exact date of sale or listing price aren’t the central focus of reconciliation, and commission rate isn’t used to determine value.