EXAMS AND CERTIFICATIONS50 Terms|Home Inspection 50 Questions And Answers
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Terms in this set
50
A home inspector inspects the structure for compliance with building codes.
true or false
false. a home inspection is not a code compliance inspection
A home inspection takes place before the seller and buyer sign the purchase agreement.
true or false
false. the inspection takes place after the seller and buyer sign the purchase agreement, which typically includes an inspection contingency giving the buyer the right to have the home inspected.
which of the following provisions are often included in an inspection agreement? select all that apply
A. the fee for the inspection and when payment is due
B. a guarantee or warranty regarding the present or future operation of the structure or its systems or components
C. the limit to the inspectors liability for claims or damages arising out of the inspection
D. the method for resolving disputes
A,C and D
Inspections of older homes typically take longer than inspections of newer homes.
true or false
true. an inspection can take longer for an older home, which may have a unique foundation, room additions, an older electrical system, an older plumbing system, or a combination of old and new electrical and plumbing systems
Which systems or components are commonly addressed in a home inspection? select all that apply
A. fire sprinkler or fire suppression systems
B. insulation and ventilation
C. lawn sprinkler systems
D. plumbing systems
B and D
A home inspection conducted for a homeowner before the owner puts the home on the market is known as a
A. preemptive inspection
B. prelisting inspection
C. premarket inspection
D. warranty inspection
B
A home inspection is a
A. engineering study
B. estimate of the cost of repairs
C. survey of the property
D. unbiased, systematic, noninvasive, visual inspection
D
When are most home inspections conducted?
A. after the buyer's offer is accepted and the buyer and seller have signed a contract.
B. after the buyer submits an offer but before the seller accepts it
C. before the buyer makes an offer on the property
D. before the property is listed for sale
A
A home inspection is all of the following EXCEPT
A. invasive
B. systematic
C. unbiased
D. visual
A
Buyer Marta fails to schedule an inspection during the inspection period specified in the purchase agreement. Buyer Marta
A. is allowed an automatic 7 day extension of the inspection period
B. may be obligated to buy the property in its current condition
C. may cancel the contract and receive a refund of her earnest money
D. must forfeit her earnest money deposit to the seller