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Statutes » New York » EXC Law » Article 6-E

N.Y. EXC Law § 160-Y

This is the official text of N.Y. EXC Law § 160-Y, part of New York’s EXC Law — part of the compiled statutory law of New York, published by the state as "EXC Law." Browse the sections below, each linked to its official government source.

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Contingent fees

Official statutory text

§ 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.\n

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.