Tennessee Statutes
§ 62-39-331 — Certain contingent fees prohibited - Exception
Tennessee·Title 62
(a)A state licensed or certified real estate appraiser may not accept a fee for an appraisal assignment that is contingent upon the appraiser reporting a predetermined estimate, analysis or opinion or is contingent upon the opinion, conclusion or valuation reached or upon the consequences resulting from the appraisal assignment.
(b)A state licensed or certified real estate appraiser who enters into an agreement to perform specialized services may be paid a fixed fee or a fee that is contingent on the results achieved by the specialized services.
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Legislative History
Acts 1990, ch. 865, § 40.
Nearby Sections
15
§ 62-1-101
Short title§ 62-1-102
Legislative intent§ 62-1-103
Chapter definitions§ 62-1-109
Persons certified under prior law§ 62-1-111
Revocation, suspension or refusal to renew license - Other penalties - Hearings - Procedure - Costs§ 62-1-112
Injunctions and restraining orders§ 62-1-113
Prohibited activities