Utah § 2e-304 - Required disclosure -- Customary and reasonable compensation.

Full text of Utah Utah Code § 2e-304 — Required disclosure -- Customary and reasonable compensation., with citation guidance and answers to common questions.

§ 2e-304. Required disclosure -- Customary and reasonable compensation.

Effective 5/10/2016
61-2e-304.  Required disclosure -- Customary and reasonable compensation.
(1) Before an appraisal management company may receive money from a client for a real estate appraisal activity requested by the client, the appraisal management company shall disclose to the client the total compensation that the appraisal management company pays to the appraiser who performs the real estate appraisal activity.
(2) An appraisal management company shall compensate an appraiser for an appraisal at a rate that is:
(a) customary and reasonable for an appraisal in the geographic market area of the property being appraised; and
(b) consistent with a presumption of compliance under the Dodd-Frank Wall Street Reform and Consumer Protection Act, Pub. L. No. 111-203, and implementing federal regulations.
(3) The board may, with the concurrence of the division, define by rule made in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act:
(a) the disclosures required to be made by the appraisal management company to the appraiser;
(b) the disclosures required to be made by the appraiser in the appraisal report;
(c) the form and content of the disclosure required by Subsection (1); and
(d) the customary and reasonable compensation required to be paid to appraisers by appraisal management companies.


Amended by Chapter 25, 2016 General Session
Amended by Chapter 384, 2016 General Session

Source: official Utah text · Last verified 2026-08-27

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Frequently Asked Questions About Utah § 2e-304

What does Utah Code § 2e-304 cover?

Section 2e-304 ("Required disclosure -- Customary and reasonable compensation.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Utah § 2e-304?

A common citation format is "Utah Code § 2e-304" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Utah law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.

How does Utah § 2e-304 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Utah.