Final answer:
The subject of this question is Business. The final step in estimating a property's value is called Valuation. Various appraisal approaches are considered and their findings are reconciled to arrive at a final estimated value for the property.
Step-by-step explanation:
The subject of this question is Business.
The final step in estimating a property's value, which involves weighing data from different appraisal approaches and is also called reconciliation, is called Valuation.
During the Valuation process, various appraisal approaches such as the sales comparison approach, income approach, or cost approach are considered, and their findings are analyzed and reconciled to arrive at a final estimated value for the property.