An appraiser, in arriving at an estimate of value secured under each of the three approaches in appraising:
A: Averages the estimates;
B: Assigns weights to the estimates and then averages them;
C: Chooses the approach the appraiser judges as best and uses that approach alone;
D: Explains why or why not the other approaches were not used, then chooses the one the appraiser believes to be the most appropriate approach.
Answer: D: Explains why or why not the other approaches were not used, then chooses the one the appraiser believes to be the most appropriate approach.
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