Terms of Service for Appraisal Services

Welcome to APPRAISEITNOW INC. By using our appraisal services, you agree to be bound by the following terms and conditions.

Last Updated – May 6, 2025

1. Introduction & Acceptance

By accessing, browsing, or otherwise utilizing any service, platform, or deliverable provided by APPRAISEITNOW INC. ("Company," "we," "our," or "us"), the individual or entity engaging such services ("Client," "you," or "your") acknowledges and affirms that they have read, understood, and agreed to be legally bound by these Terms of Service ("Terms").

2. Definitions

• Appraisal Services: Professional valuation, inspection, analysis, and reporting services conducted by duly qualified and credentialed appraisers.
• Report: Any documentation, narrative, certificate, valuation summary, or other deliverable produced in the course of providing Appraisal Services.
• Intended Use / Intended User: The specific purpose and identified audience for which the Report is prepared, as expressly stated therein; reliance by any party not identified is expressly prohibited.

3. Scope of Engagement

3.1 Initiation: An engagement shall be deemed commenced upon written confirmation by the Company and receipt of full payment or execution of alternative payment arrangements.

3.2 Standards of Practice: All valuations shall be conducted in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP) and any applicable governmental, industry, or regulatory frameworks.

3.3 Limiting Conditions: The Company may, in its sole discretion, incorporate extraordinary assumptions or limiting conditions where necessary, contingent upon the completeness or reliability of data furnished. Such conditions will be clearly disclosed and may materially affect the outcome of the Report.

4. Client Obligations

4.1 Provision of Information: The Client shall provide accurate, truthful, and complete data including, but not limited to, descriptive details, high-resolution imagery, provenance, certifications, and other relevant documentation.

4.2 Responsiveness: The Client agrees to provide supplemental materials promptly upon request. Delay in furnishing requested documentation may result in rescheduling or adjustment of anticipated delivery timelines.

4.3 Post-Engagement Submissions: Information provided following project initiation may, at the Company's discretion, require scope modification and be subject to additional charges.

4.4 Acknowledgment of Responsibility: The Client acknowledges that the integrity and defensibility of the resulting Report are contingent upon the quality and accuracy of the information submitted.

5. Fees, Payment Terms, and Refund Policy

5.1 Fee Quotations: All prices are denominated in United States Dollars (USD) and remain valid for thirty (30) calendar days from the issuance date, unless otherwise specified.

5.2 Payment Terms: Unless expressly agreed in writing, payment in full is required prior to initiation of services.

5.3 Refund Limitation: All fees become strictly non-refundable upon the earlier of: (i) submission of the final intake form, or (ii) commencement of substantive services by the Company.

5.4 Delinquency: Balances unpaid beyond agreed terms shall accrue interest at a rate of 1.5% per month (18% annualized), or the maximum rate permitted by applicable law. The Company reserves the right to withhold, suspend, or revoke any deliverables in the event of non-payment.

5.5 Ancillary Services: Court testimony, legal proceedings, or litigation-related support services shall be billed at the Company's hourly rate, specified in advance of project commencement.

6. Deliverables & Timelines

6.1 Estimated Delivery: All estimated completion dates are non-binding and may be revised to account for complexity, delays in data receipt, or external contingencies.

6.2 Transmission: Reports shall be delivered via secure electronic means unless otherwise agreed. Hard copies are available upon request and subject to applicable handling and shipping fees.

7. Review and Revision Policy

7.1 Timeframe: The Client may submit a written request for review within fourteen (14) calendar days of Report delivery.

7.2 Grounds for Consideration: Requests must be substantiated by material evidence or market data falling within the original scope of work. Unsubstantiated or speculative revisions will be declined.

7.3 Charges: One round of clarifications will be provided at no cost. Subsequent revisions or expansions of scope are subject to additional fees.

8. Valuation Disclaimer

8.1 Nature of Opinion: All appraisals rendered are professional opinions of value based on prevailing conditions and data available at the time of analysis. They do not constitute forecasts or guarantees of market behavior.

8.2 Subjectivity of Value: Disparities between Client expectations and the appraised value shall not constitute grounds for refund or revision, absent verifiable factual error.

8.3 Non-Authenticity: Should the subject property be determined to be counterfeit or materially misrepresented, the Company shall not be obligated to issue a refund or further analysis.

9. Use of Report

9.1 Permissible Use: The Report is intended solely for use by the Client and identified Intended User(s) for the stated Intended Use.

9.2 Prohibitions: Any dissemination, duplication, or third-party disclosure requires prior written authorization from the Company.

9.3 Third-Party Disclaimer: No liability shall be assumed by the Company for any unauthorized reliance by individuals or entities not expressly named within the Report.

10. Intellectual Property and Confidentiality

10.1 Ownership: All Reports, methodologies, analysis, and related intellectual property remain the exclusive property of the Company.

10.2 License: A limited, revocable, non-transferable license is granted to the Client for use solely as intended and agreed.

10.3 Restrictions: Modification, republication, or distribution of materials without prior written consent is strictly prohibited.

10.4 Confidentiality: Both parties shall maintain the confidentiality of non-public information exchanged throughout the engagement. This obligation survives termination of services.

11. Disclaimers and Limitations

11.1 No Legal or Tax Advice: The Company does not provide legal, tax, or investment advisory services. Clients must seek independent professional counsel.

11.2 Reliance on External Data: The Company may rely on third-party databases or public records which are presumed reliable but not guaranteed.

11.3 No Obligation to Update: The Company is under no obligation to revise or update a Report due to changes occurring after the effective date.

12. Warranty Disclaimer

All services are provided on an “as-is” and “as-available” basis. The Company disclaims all warranties, express or implied, including without limitation those relating to merchantability, fitness for a particular purpose, or non-infringement. No assurance is made regarding uninterrupted or error-free service.

13. Limitation of Liability

In no event shall the Company’s total cumulative liability exceed the total fees actually paid by the Client for the services giving rise to the claim. The Company shall not be liable for any indirect, consequential, incidental, or special damages, including lost profits.

14. Indemnification

The Client agrees to indemnify, defend, and hold harmless the Company, its officers, directors, employees, agents, and contractors from and against any and all claims, liabilities, losses, and expenses (including reasonable attorney’s fees) arising out of or related to:

• Client’s breach of these Terms;
• Misuse or misrepresentation of the Report;
• Third-party reliance based on Client-supplied data.

15. Dispute Resolution

15.1 Informal Resolution: The Parties shall endeavor in good faith to resolve any disputes within fifteen (15) business days of written notice.

15.2 Mediation: If no resolution is achieved, the matter shall proceed to non-binding mediation under the rules of the American Arbitration Association (AAA) in New York, NY. Costs shall be shared equally.

15.3 Arbitration: Failing resolution via mediation, the dispute shall be submitted to final and binding arbitration before a single arbitrator under the AAA Commercial Arbitration Rules in New York, NY. Judgment on the arbitrator’s award may be entered in any court of competent jurisdiction.

16. Governing Law and Jurisdiction

These Terms shall be governed and construed in accordance with the laws of the State of New York, without regard to conflicts of law principles. Any legal proceedings shall be venued exclusively in New York County, New York.

17. Modifications

The Company reserves the right to modify these Terms at any time. Any such modifications shall be effective upon publication. Continued use of the Company’s services following such modification constitutes acceptance thereof.

18. Severability

Should any provision of these Terms be held invalid or unenforceable, the remaining provisions shall remain in full force and effect.

19. Entire Agreement

These Terms, in conjunction with any executed engagement letter or service agreement, represent the entire agreement between the parties and supersede all prior oral or written communications.

20. Contact Information

All formal notices or inquiries shall be directed to info@appraiseitnow.com.