Section 61-2g-406 - Contingent fees(1) A person licensed or certified under this chapter who enters into an agreement to perform an appraisal may not accept a contingent fee.(2) A person may accept payment of a fixed fee or a contingent fee when the person: (a) if the person is not licensed or certified under this chapter, presents or provides a price estimate or property tax information in accordance with Section 59-2-1017; or(b) if the person is licensed or certified under this chapter, enters into an agreement to provide consultation services.(3) A person that accepts payment of a fee under Subsection (2) shall: (a) clearly state in each oral statement the fact that the person is accepting payment of a fee under a contingent fee arrangement and whether the person is licensed or certified under this chapter; and(b) clearly state in any written consultation report or summary, letter of transmittal, certification statement, price estimate, or property tax information that the document is prepared under a contingent fee arrangement and whether the person is licensed or certified under this chapter.Amended by Chapter 384, 2016 General Session ,§ 22, eff. 5/10/2016.Amended by Chapter 180, 2013 General Session ,§ 6, eff. 5/14/2013.Renumbered and Amended by Chapter 289, 2011 General Session