Jeff Horton
Senior Member
- Joined
- Jan 15, 2002
- Professional Status
- Certified Residential Appraiser
- State
- Alabama
Untill recently I have never had a problem with COD's. But I have decided to create a receipt to go along with the form I created. Input is welcome! I used the Colorado(?) receipt someone mentioned as a starting point
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Receipt for Appraisal Fee
(Name of firm or appraiser) is accepting direct payment of the fee of $ ________ for the appraisal and appraisal report of the property known as __________________________________________ from _______________________ as a courtesy to our client, _____________________________________.
Our report of the appraisal will be delivered only to our client. Under the Confidentiality section of the ETHICS RULE of the Uniform Standards of Professional Appraisal Practice we are under a strong obligation to our client, and may not discuss the results of the appraisal with others, or provide copies of the report to others, without written permission from our client. You must request a copy of the appraisal from your lender.
This means that the appraiser cannot discuss the Appraisal results with you even though you are paying me. You must contact you your lender/my client with any questions and they will in turn contact me. Even if they refer you to me I cannot discuss the appraisal with you.
All Appraisers are required to comply with the Uniform Standards of Appraisal Practice (USPAP). The Ethics Rule in USPAP states:
"It is unethical for an appraiser to accept compensation for performing an assignment when it is contingent upon:
the reporting of a predetermined result (e.g., opinion of value), or
1. a direction in assignment results that favors the cause of the client, or
2. the amount of a value opinion, or
3. the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the appraiser 's opinions and specific to the assignment's purpose."
Payment Methods and Terms
Appraisals paid for by personal check will not be completed and/or delivered until the check has had sufficient time to clear the bank.
Appraisals may be paid for by Credit card on our website using PayPal or BidPay Services. Appraisals will not be completed and/or delivered until we receive conformation of payment. (Unusually within 1 hour of payment with PayPal. BidPay may take 2 or 3 days)
Appraisals are not delayed with cash payment.
I have read and understand the above terms and agree to them
____________________________________
Borrower signature
____________________________________
Print name
_______________________
Date
~~~~~~~~~~~~~~~~~~~~~~`
Receipt for Appraisal Fee
(Name of firm or appraiser) is accepting direct payment of the fee of $ ________ for the appraisal and appraisal report of the property known as __________________________________________ from _______________________ as a courtesy to our client, _____________________________________.
Our report of the appraisal will be delivered only to our client. Under the Confidentiality section of the ETHICS RULE of the Uniform Standards of Professional Appraisal Practice we are under a strong obligation to our client, and may not discuss the results of the appraisal with others, or provide copies of the report to others, without written permission from our client. You must request a copy of the appraisal from your lender.
This means that the appraiser cannot discuss the Appraisal results with you even though you are paying me. You must contact you your lender/my client with any questions and they will in turn contact me. Even if they refer you to me I cannot discuss the appraisal with you.
All Appraisers are required to comply with the Uniform Standards of Appraisal Practice (USPAP). The Ethics Rule in USPAP states:
"It is unethical for an appraiser to accept compensation for performing an assignment when it is contingent upon:
the reporting of a predetermined result (e.g., opinion of value), or
1. a direction in assignment results that favors the cause of the client, or
2. the amount of a value opinion, or
3. the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the appraiser 's opinions and specific to the assignment's purpose."
Payment Methods and Terms
Appraisals paid for by personal check will not be completed and/or delivered until the check has had sufficient time to clear the bank.
Appraisals may be paid for by Credit card on our website using PayPal or BidPay Services. Appraisals will not be completed and/or delivered until we receive conformation of payment. (Unusually within 1 hour of payment with PayPal. BidPay may take 2 or 3 days)
Appraisals are not delayed with cash payment.
I have read and understand the above terms and agree to them
____________________________________
Borrower signature
____________________________________
Print name
_______________________
Date