{"data":{"id":"us-ny/n.y.-executive-law-160-y","jurisdiction":"us-ny","citation":"N.Y. Executive Law § 160-y","heading":"Contingent fees","body":"§ 160-y. Contingent fees. 1. A state certified or licensed real estate\nappraiser may not accept a fee for an appraisal assignment as defined in\nsection one hundred sixty-x of this article, that is contingent upon the\nappraiser reporting a predetermined estimate, analysis, or opinion or is\ncontingent upon the opinion, conclusion or valuation reached, or upon\nthe consequences resulting from the appraisal assignment.\n  2. A state certified or licensed real estate appraiser who enters into\nan agreement to perform specialized services, as defined in section one\nhundred sixty-x of this article, may be paid a fixed fee or a fee that\nis contingent on the results achieved by the specialized services.\n  3. If a state certified or licensed real estate appraiser enters into\nan agreement to perform specialized services for a contingent fee, this\nfact shall be clearly stated in each written report. In each written\nreport, this fact shall be clearly stated in a prominent location in\nsuch report and also in each letter of transmittal and in the\ncertification or authentication of the statements made by the appraiser\nin such a report.","path":["Executive Law","Article 6-E. State Certified and Licensed Real Estate Appraisers"],"source_url":"https://legislation.nysenate.gov/api/3/laws/EXC/160-Y","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"acb51df7d943ed156702e68dac31952b463d956debb1f3a0074c08f3c9aa7a4f","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-executive-law-160-x","next":"us-ny/n.y.-executive-law-160-z"},"notice":"GroundRules: Original legal text. Not legal advice."}