Momentum Appraisal Group Job Expectation Summary

Purpose:
This page summarizes the content and essential intent contained in each individually-executed “Momentum Contractor Agreement”. A formal contractor agreement must be signed prior to the acceptance of any appraisal-related project (Download Formal Contract).


Professional Guidelines:
All appraisers associated with Momentum Appraisal Group, Inc. (“MAG”) are required to be either licensed or state certified and must comply with all local, state, and industry regulations, laws, bylaws, and standards.

A MAG appraisal sub-contractor (“the sub-contractor”) will be expected to perform, complete, and deliver appraisal assignments in a professional manner. The following items are basic process and procedural guidelines to be used by all appraisal sub-contractors:

Fees and Collections:
The sub-contractor and MAG jointly agree to MAG’s fee structure, expected report delivery schedules, method of report transmitting, administrative responsibilities, and payment. Any request to change an appraisal fee or time schedule will be made to the sub-contractor, either by phone or email, prior to any action by the sub-contractor taking place.

Once a payment is received for a completed report, MAG will process the sub-contract’s invoice for payment. The standard MAG billing and payment cycles are every two weeks. Payment for incomplete appraisals will not be made.


C.O.D. and Collect-At-The-Door Assignments:
Occasionally clients request that the appraisal fees should be collected at the time of the appraisal inspection. The sub-contractor will be required to collect the “total” fee prior to completing the inspection. All checks should be made out to Momentum Appraisal Group. If the sub-contractor should have any problems collecting from the property owner, he/she should contact the MAG main office immediately. The sub-contractor should send all collected checks to the MAG main office via Federal Express overnight delivery. MAG will provide a Federal Express account number to cover any shipping fees.


Questions and Comments:
Questions or comments about this summary may be directed to: Appraiser-Contracts@momentumweb.com