I've been holding on to this agreement that a new client sent over. Bare in mind that my prelimary client in this case will be a broker who should hold initial responsibility for the appraisal payment. Perhaps you Appraiser's have received one of these letters:
" THIRD PARTY SERVICE PROVIDER NOTIFICATION
The xxx State Department of Revenue requires that we enter into with you as a service provided a master service agreement for services performed in order to eliminate a business and operation tax as described in the attached Excise Tax Advisory.
xxx Bank is required to notify you that as a condition of the loan application process the applicant has agreed to be solely liable for payment of your services.
Additionally, xxx Bank will not be secondarily liable for payment as long as xxx Bank, acting as agent for the applicant for payment purposes only, has collected funds from the applicant either in advance or simultaneous to, ordering services and in fact delivers such funds to the service provider upon request for payment.
Please review, sign and return a copy of this letter by mail, fax, or email. "
Does the above letter holds any legal bearing at all?
One satisfactory option that I can come up with is to accept these conditions as long as they will accept that I not complete any appraisal report until payment has cleared. The other would be that the report always be in my client's name (the broker).
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