Utah Statutes
§ 61-2g-406 — Contingent fees.
Utah·Title 61 Securities Division - Real Estate Division·Ch. 61-2g Real Estate Appraiser Licensing and Certification Act·Part 61-2g-4 Operational Restrictions
(1)A person licensed or certified under this chapter who enters into an agreement to perform an appraisal may not accept a contingent fee.
(2)A person may accept payment of a fixed fee or a contingent fee when the person:
(2)(a) if the person is not licensed or certified under this chapter, presents or provides a price estimate or property tax information in accordance with Section 59-2-1017; or
(2)(b) if the person is licensed or certified under this chapter, enters into an agreement to provide consultation services.
(3)A person that accepts payment of a fee under Subsection (2) shall:
(3)(a) clearly state in each oral statement the fact that the person is accepting payment of a fee under a contingent fee arrangement and whether the person is licensed or certified under this chapter;
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Utah § 61-2g-406 (Contingent fees.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Chapter 384, 2016 General Session
Nearby Sections
15
§ 61-1-1
Fraud unlawful.§ 61-1-10
Registration by qualification.§ 61-1-101
Title.§ 61-1-102
Definitions.§ 61-1-103
Procedure for disclosure.§ 61-1-105
Remedies for employee bringing action.§ 61-1-106
Award for reporter.§ 61-1-13
Definitions.§ 61-1-14
Exemptions.