6. You are a CRA-designated appraiser who specializes in waterfront properties. If you come across a situation involving you must decline the assignment, due to the scope of practice limitations of the CRA designation. A. riparian or littoral rights B. a property that is legally non-conforming due to setbacks c. archaeological findings of historic importance D. landlocked parcels (1) All of these fall outside the permitted scope of practice for CRAS, (2) A and D only (3) B and Conly (4) None of these factors require a CRA to decline an assignment. THE NEXT TWO (2) QUESTIONS ARE BASED ON EXAMPLE 7.1: You are appraising a property with 250 feet of waterfront. Based on the sales evidence, what is the best market value estimate of the site? (1) $375,000 (2) $275,000 (3) $300,000 (4) $130,000 7. 8. You discover that the property is bisected by a rural road, there is 250 feet of waterfront located below the road and 20 acres of treed, and moderately sloped land above the road. Which of the following statements regarding this finding is TRUE with reference to Example 7.1? (1) The value per acre is now likely to be a more appropriate measure of market value. (2) It is highly probable that the market value of this site will be less than the comparables in Example 7.1 because the 20 acres of treed land above the road is not likely to be considered as valuable to buyers interested in waterfront properties. (3) This may warrant a positive adjustment to the comparables in Example 7.1. (4) Under the 4-3-2-1 method, this increases the value of the property's front quarter. 9. Geographic information systems (GIS) offer a number of useful features for waterfront appraisal. Which of the following is NOT one of these features? (1) Measures the lineal distances for driveways, waterlines, waterfront lengths, distance improvements setback from the water's edge, as well as distance to schools, town, or paved roads. (2) Measures areas for a total area calculation, effective size measurement or size of negative influences like swamps, steep banks, or cliffs. (3) Generates values for waterfront properties, though the quality is dependent on statistics and data quality (4) Shows zoning, OCP, and other restrictions like flood areas