Property Valuation
In Louisiana, a licensed appraiser must NOT accept an appraisal assignment where their fee is:
ABased on hourly billing
BContingent on the property achieving a specific value or the transaction closing✓ Correct
CA flat fee agreed in advance
DPaid by the lender directly
Explanation
USPAP and federal regulations prohibit appraisers from accepting assignments where their fee is contingent on reaching a specific value, the closing of a transaction, or any predetermined outcome — this creates bias that undermines appraisal independence.
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