Real Estate Home Appraisal

REAL ESTATE HOME APPRAISAL AGREEMENT

Parties

Client Name:

Appraiser Name:

WHEREAS

WHEREAS, Client Name: (the "Client") has requested a professional appraisal of the real property described below;

WHEREAS, Appraiser Name: (the "Appraiser") represents that the Appraiser is licensed and qualified to perform real estate appraisal services and agrees to perform those services under the terms set forth herein;

NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties agree as follows.

Property Identification

Owner-occupied Tenant-occupied Vacant

Scope of Work

The Appraiser shall perform a real property appraisal and provide a written appraisal report that sets forth the Appraiser's opinion of market value, premised upon the following scope of work and in accordance with the Uniform Standards of Professional Appraisal Practice where applicable.

Payment Terms

Client agrees to pay Appraiser the fees described below for performance of the appraisal services. Payment obligations are independent of the appraisal conclusion and reflect compensation for services rendered in accordance with this Agreement.

Late payments shall accrue interest at the rate set forth below and Client shall be responsible for any collection costs and reasonable attorneys' fees incurred to collect overdue amounts.

Term and Termination

This Agreement commences on the Effective Date below and shall continue until the Appraiser delivers the final appraisal report or earlier termination as set forth herein.

Effective Date:

Estimated Completion Date:

Either party may terminate this Agreement upon written notice to the other if the other materially breaches any term and fails to cure such breach within the notice period above. Termination shall not relieve Client of obligation to pay for services performed to the date of termination.

Confidentiality

The Appraiser shall maintain the confidentiality of non-public information obtained from Client and shall not disclose such information except as required by law or as necessary to perform the appraisal. The Client acknowledges that the Appraiser may disclose appraisal conclusions to intended users identified herein and to third parties as required by professional standards or legal process.

Limiting Conditions and Assumptions

The appraisal is subject to the assumptions and limiting conditions stated in the final report. The Appraiser's conclusions are opinions of market value and not guarantees of price or marketability.

Certification

The Appraiser certifies that the appraisal report will be prepared with impartiality, objectivity, and independence, and that no undisclosed interest in the subject property exists that would impair objectivity. The Appraiser further certifies compliance with applicable professional standards and licensing requirements.

Appraiser License/Registration Number:

Governing Law; Entire Agreement

This Agreement shall be governed by and construed in accordance with the laws of the State of without regard to conflicts of law principles.

This Agreement constitutes the entire understanding between the parties with respect to its subject matter and supersedes all prior oral or written agreements. Any amendment or modification must be in writing and signed by both parties.

Miscellaneous Provisions

If any provision of this Agreement is determined to be invalid or unenforceable, the remaining provisions shall continue in full force. The parties acknowledge that monetary damages may be insufficient to remedy a breach of confidentiality and agree that equitable relief may be sought in addition to other remedies.

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