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This agreement is made as of the date indicated below between GSG Appraisal Management LLC (Business Owner) and the Independent Contractor below, an adult individual who is a state licensed or certified real estate appraiser. The parties, with the intent to be legally bound, agree as follows:
GSG Appraisal Management supports Appraiser Independence and requires strict adherence to the current legislation. Below is a list of statements that we believe will solidify our above stance and will protect all parties from any possible conflict.
I agree that it is prohibited to speak directly with the lender/client regarding an order from which the engagement was initiated by GSG Appraisal Management.
I agree that if I am contacted directly by the lender, I will contact GSG Appraisal Management and will stop work on the order until further instructions are received.
I agree to abide by the statutes and guidelines set forth in the Dodd-Frank and the Truth in Lending Legislation.
By signing this agreement, I (the appraiser) agree to maintain errors and omissions insurance, with a minimum of $500,000 liability coverage. I agree to maintain a worker's compensation insurance policy covering Appraiser and all Appraiser's agents and employees if required by the state in which I conduct business. I confirm that my appraisal license is active and in good standing, and I agree to inform G.S.G Appraisal Management should I ever have any disciplinary action or proceedings taken against my license.
I hereby certify that the information given herein is true and correct to the best of my knowledge and belief. Furnishing falsified information is grounds for immediate disqualification. I understand that the references I have provided may be contacted.
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