Lender Appraisal Order Form (Page 2 of 2) in pdf

LETTER OF AGREEMENT FOR APPRAISAL SERVICES.

1. ALL REQUEST FOR APPRAISAL SHALL BE ORDERED ON THE APPRAISAL REQUEST PROVIDED BY

THIS COMPANY AND SHALL BE CONSIDERED AN AGREEMENT FOR THE APPRAISAL SERVICES AND

IS MADE PART OF THIS AGREEMENT.

2. THE FEE AND METHOD OF PAYMENT SHALL BE AGREED UPON PRIOR TO ACCEPTING ANY

ASSIGNMENT BUT MAY BE SUBJECT TO REVISIONS AS THE RESEARCH PROGRESSES.

3. THE REQUESTED TURN TIME SHALL BE AGREED UPON PRIOR TO THE ACCEPTANCE OF ANY

ASSIGNMENT. THIS IS SUBJECT TO MY SCHEDULE AND THE AVAILABILITY OF THE PROPERTY TO

BE INSPECTED. THE CLIENT SHALL BE ADVISED OF ANY DELAYS, NO INSPECTIONS WILL BE

COMPLETED ON AN OCCUPIED PROPERTY WITHOUT AN ADULT ESCORT.

4. IT IS UNDERSTOOD THAT THIS APPRAISER STRIVES TO COMPLY WITH ALL USPAP, FANNIE MAE,

HUD OR OTHER APPROPRIATE STANDARDS INCLUDING CONDUCT OF BUSINESS. ALL REPORTS

WILL BE MADE TO COMPLY WITH APPROPRIATE STANDARDS.

5. ALL PURCHASE ASSIGNMENTS WILL INCLUDE A COPY OF THE SALES AGREEMENT INCLUDING

ANY CONCESSIONS, GIFTS TO BORROWERS, OR PERSONAL PROPERTY INCLUDED IN THE SALE. IT

SHALL ALSO INCLUDE THE TRANSFER DISCLOSURE STATEMENT.

6. ALL FEES ARE NON-REFUNDABLE IN COMPLIANCE WITH EITHIC RULES OF USPAP.

7. A $100.00 FEE SHALL BE ADDED TO ALL CANCELLED OR MISSED APPOINTMENTS WITH LESS

THEN 24 HOURS NOTICE. THE CLIENT SHALL BE RESPONSIBLE FOR THESE FEES IN CASE OF

CANCELLATION. THE FEE IS ADDED TO ANY OTHER FEES ALREADY AGREED TO AND NO WORK

WILL BE COMPLETED UNTIL PAID.

8. ALL ORDERED APPRAISALS SHALL BE COMPLETED REGARDLESS OF VALUE OR CONDITION OF

PROPERTY. IF AN ESTIMATE OF VALUE IS REQUIRED AHEAD OF TIME; COMPS ONLY CAN BE

SENT.IF THE CLIENT DETERMINES THAT THEY DON’T WISH TO GO FORWARD PRIOR TO THE 24

HOURS PRIOR TO THE INSPECTION THEN NO FEE WILL BE INCURED. NO ESTIMATE OF VALUE

CAN BE MADE PRIOR TO THE COMPLETED REPORT.

9. NO PERSONAL CHECKS ARE ACCEPTED FROM BORROWERS, SELLERS, THIRD PARTIES OR

AGENTS. ONLY MONEY ORDERS OR CASH ARE ACCEPTED. IF A PERSONAL CHECK IS RECEIVED A

10 DAY HOLD ON THE REPORT IS REQUIRED TO ALLOW THE CHECK TO CLEAR.

10. ANY PROPOSED CONSTRUCTION PROJECT ORDERS MUST INCLUDE A COPY OF THE PLANS AND

SPECS FOR THE APPRAISERS PERMANENT FILE ALONG WITH ANY COST ESTIMATES AND SALES

CONTRACTS INVOLVED IN THE TRANSACTION.

11. ALL RECONSIDERATIONS OF VALUES MUST BE IN WRITING ALONG WITH ANY COMPS THAT

MAY BE CONSIDERED SUPERIOR TO THOSE USED IN THE REPORT. THE VALUE

RECONSIDERATIONS MUST COME THROUGH THIS CLIENT.

12. ALL CLIENT CONDITIONS FOR ALTERATIONS TO THE REPORT OR ADDITIONAL DATA OR

INFORMATION MUST BE SUBMITTED IN WRITING FROM THE CLIENT. ANY REQUEST FOR EXTRA

COMPS WILL INCUR EXTRA FEES, IF ADDITIONAL APPROPRIATE SALES ARE AVAILABLE.

13. THE CLIENT IS RESPONABLE FOR ALL COPIES OF THE REPORT TO THEIR CLIENT.

14. ANY ORDERS FOR MANUFACTURED HOUSES WILL REQUIRE A COPY OF THE 433A FORM FROM

THE CLIENT. IT CAN BE OBTAINED FROM THE TITLE COMPANY. A SAMPLE CAN BE PROVIDED.

15. IN COMPLIANCE WITH USPAP; THE APPRAISAL MAY NOT BE REASSIGNED OR READDRESSED

TO ANOTHER PERSON OR CLIENT. THE CLIENT IS THE ONLY ENTITY WHO THE APPRAISER CAN

DISCUSS THE APPRAISAL WITH. THE REPORT WILL COME WITH A PASSWORD TO CONFIRM THAT

THE REPORT WAS RECEIVED BY THE INTENDED CLIENT.

THE CLIENT HAS READ AND AGREES TO ACCEPT THE CONDITIONS AS SET FORTH ABOVE.

AUTHORIZED SIGNATURE

PRINTED NAME

TITLE

DATED

Lender Appraisal Order Form Page 2

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