Home Inspection 64 Questions And Answers

False (A home inspection is not a code compliance inspection.)

True (Most home inspections are performed for buyers. Most purchase agreements include an inspection contingency that gives the buyer the right ti have the home inspected, and the buyer hires the inspector.)

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.)

False (Only member s of the National Association of REALTORS may refers to themselves as REALTORS.)

the fee for the inspection and when payment is due, the limit to the inspector's liability for claims or damages arising out of the inspection and the method for resolving disputes. (An inspection agreement typically includes a statement that the inspection report is NOT a guarantee or warranty regarding the present or future operation of the structure or its systems or components. All of the other items listed are often included in an inspection agreement.)

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.)

Insurance that protects the insured against liability for committing an error or omission while performing professional duties.

Insurance that protects against bodily injury and property damage claims.

An unbiased, systematic, noninvasive, visual inspection of a home.

A program that covers repairs or replacements of certain components of the home for a specified period of time, often one year.