ORS 674.225
Payment to independent contractor appraiser

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Except in the case of breach of contract or substandard performance of real estate appraisal activity, an appraisal management company shall make payment to an independent contractor appraiser for the completion of an appraisal or appraisal review assignment:

(1)

Within 45 days after the appraiser provides the completed appraisal report to the appraisal management company; or

(2)

In accordance with another payment schedule agreed to by the appraiser and the appraisal management company. [2010 c.87 §6; 2011 c.447 §13; 2013 c.364 §1]

Note: See note under 674.200 (Definitions for ORS 674.200 to 674.250).

Source: Section 674.225 — Payment to independent contractor appraiser, https://www.oregonlegislature.gov/bills_laws/ors/ors674.html (accessed May 26, 2025).

674.010
Definitions 674.020
Purposes 674.100
Persons engaged in real estate appraisal activity required to be certified, licensed or registered 674.103
Consideration of energy efficient improvements 674.105
Authority of Appraiser Certification and Licensure Board to require fingerprints 674.120
Nonresident certificate or license recognized 674.130
Appraisal standards for federally related transactions 674.140
Grounds for discipline 674.145
Procedures to follow before instigating disciplinary proceedings 674.150
Maintenance of appraisal records 674.160
Reciprocal agreements with other states 674.200
Definitions for ORS 674.200 to 674.250 674.205
Registration requirement 674.210
Surety bond 674.215
Audits 674.220
Prohibited activities 674.225
Payment to independent contractor appraiser 674.230
Forwarding of complaints 674.235
Denial, suspension and revocation of registration 674.240
Duty to report unethical or unprofessional conduct 674.245
Documentation of training 674.250
Fees 674.305
Appraiser Certification and Licensure Board 674.310
Duties and powers of board 674.320
Continuing authority of board 674.330
Fees 674.340
Board funds 674.405
Adjustments to appraisal not required based on form of conveyance 674.410
Written report required to present testimony on appraisal 674.850
Civil penalties 674.990
Criminal penalties 674.995
Civil penalties for violation of ORS 674.200 to 674.250

Current through early 2026

§ 674.225. Payment to independent contractor appraiser's source at oregon.gov

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Location: https://oregon.public.law/statutes/ors_674.225

Original Source: Section 674.225 — Payment to independent contractor appraiser, https://www.oregonlegislature.gov/bills_laws/ors/ors674.html (last accessed May 10, 2025).