2011 Utah Code
Title 61 Securities Division - Real Estate Division
Chapter 2g Real Estate Appraiser Licensing and Certification Act
Section 406 Contingent fees.

61-2g-406. Contingent fees.
(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 licensed or certified under this chapter who enters into an agreement to provide consultation services 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.