Arkansas § 17-14-413 Compensation of appraisers

Arkansas Statutes

§ 17-14-413 — Compensation of appraisers

Arkansas § 17-14-413

Title17

This text of Arkansas § 17-14-413 (Compensation of appraisers) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 17-14-413 (2026).

Text

(a)An appraisal management company shall:

(1)Except in cases of breach of contract or substandard performance of services, pay an appraiser for the completion of an appraisal or valuation assignment not later than the sixtieth day after the date the appraiser provides the initial appraisal or valuation assignment to the appraisal management company; and (2) Compensate appraisers at a rate that is reasonable and customary for appraisals being performed in the market area of the property being appraised consistent with the presumptions under federal law.

(b)An appraiser who is aggrieved under this section may file a complaint with the State Board of Appraisers, Abstracters, and Home Inspectors against the appraisal management company.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) An appraisal management company shall: (1) Except in cases of breach of contract or substandard performance of services, pay an appraiser for the completion of an appraisal or valuation assignment not later than the sixtieth day after the date the appraiser provides the initial appraisal or valuation assignment to the appraisal management company; and (2) Compensate appraisers at a rate that is reasonable and customary for appraisals being performed in the market area of the property being appraised consistent with the presumptions under federal law. (b) An appraiser who is aggrieved under this section may file a complaint with the State Board of Appraisers, Abstracters, and Home Inspectors against the appraisal management company.