2005 Arizona Revised Statutes - Revised Statutes §32-3636  Contingent fees

A. A state licensed or state certified appraiser may not accept a fee for an appraisal assignment that is contingent on the appraiser reporting a predetermined estimate, analysis or opinion or that is contingent on the opinion, conclusion or valuation reached or on the consequences resulting from the appraisal assignment.

B. A state licensed or state certified 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.

C. If a state licensed or state certified appraiser enters into an agreement to perform specialized services for a contingent fee, this provision shall be clearly stated in each written or oral report. In each written report, this provision shall be clearly stated in a prominent location in the report, in each letter of transmittal and in the certification statement made by the appraiser in the report.