Section 34-27A-25 No fee for certain contingent appraisal assignments. - Alabama Statutes

Section 34-27A-25

No fee for certain contingent appraisal assignments.

A licensed real estate appraiser may not accept a fee for an appraisal assignment, as defined in Section 34-27A-24, that is contingent upon the appraiser reporting a predetermined estimate, analysis, or opinion, or is contingent upon the opinion or valuation reached, or upon the consequences resulting from the appraisal assignment.

(Acts 1990, No. 90-639, p. 1175, §25; Acts 1994, No. 94-117, p. 128, §1.)