FREQUENTLY ASKED QUESTIONS
30. “Discounted” Appraisal Fees
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Question: |
Is it a violation of USPAP to offer reduced appraisal fees for clients that send me a large volume of business? Could I also offer a discount for the method of payment, such as collecting the fee from the borrower at the time of inspection?
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Response: |
An appraiser may establish his or her fees based on a number of factors, including the amount of business received, business relationships, method of payment, client-specific requirements, etc. However, appraisers must ensure that they comply with the Management section of the ETHICS RULE. |
USPAP 2008–2009 Edition
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