2006 Utah Code - 61-2b-36 — Contingent fees.

     61-2b-36.   Contingent fees.
     (1) A person licensed or certified under this chapter who enters into an agreement to perform an appraisal as defined in Subsection 61-2b-2(1)(a) may not accept a contingent fee.
     (2) A person licensed or certified under this chapter who enters into an agreement to provide consultation services as defined in Subsection 61-2b-2(1)(f)(i)(A) may be paid a fixed fee or a contingent fee.
     (3) (a) If a person licensed or certified under this chapter enters into an agreement to perform consultation services for a contingent fee, this fact shall be clearly stated in each oral statement.
     (b) In addition to the requirements of Subsection (3)(a), if a person licensed or certified under this chapter prepares a written consultation report or summary, letter of transmittal, or certification statement for a contingent fee, the person shall clearly state in the report, summary, letter of transmittal, or certification statement that the report is prepared under a contingent fee arrangement.

Amended by Chapter 199, 2005 General Session