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Appraise the market value of rural lakefront acreage

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Reference no: EM133535345

Question

ABC Lending Corp has approached you to appraise the market value of a rural lakefront acreage. The property is to be used as security for a home equity line of credit. The 20-acre site features a residential dwelling on prime waterfront. Ten acres of the property are leased to a local farmer for pasture land for dairy cows. The five-acre parcel near the lake is rented out to campers in summer. Is this assignment within the CRA's scope of practice? If not, how might the assignment be structured to permit this?

Reference no: EM133535345

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