Invoicing the Appraisal Fee-A Broker Accountability Contract

[Brad in SAC]

Several months ago I saw an outline for an agreement which is used for keeping brokers accountable for their outstanding invoices but I have not been able to find it on the Forum. Does anyone have a good sample letter/contract I could use? Also, is it important to get their social security number?

 

[Jo Ann Meyer Stratton]

I have two statements at the bottom of my order form:

"Client's signature above represents acceptance of full financial responsibility for this appraisal assignment, regardless of loan closing or cancellation of the loan process. Any exceptions to the above should be promptly discussed with the appraiser prior to the commencement or completion of this appraisal process."

"In Compliance with the Uniform Standards of Professional Appraisal Practive, the engagment and compensation of the appraiser in this assignment will not be contingent upon developing or reporting predetermined results, opinion of value or direction of value, attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of the appraisal assignment."