Exam 3: Business Operations

You have a relationship with a real estate agent who offers to refer additional clients your way if your findings for a particular site are favorable to the prospective buyer. How do you handle this offer?

Your pre-inspection contract clearly states that you are only conducting a standard inspection and details all exclusions and limitations. Several months after purchasing the home, your client sues you because of a defect that was not included on your report that cost them $3,000 to repair. Which of the following statements is true about this situation?

When you first meet with a client, you should NOT disclose which of the following?

A home inspector may test for which of the following?

While conducting an inspection, you notice a problem with the furnace but forget to include it in the inspection report. After purchasing the home, your client files a complaint against you. Which type of insurance protects you in this situation?

Why is important to have a business plan even if you are an independent contractor?

The buyer and seller offer to split the inspection fee. Can you accept payment from both parties in this situation?

You learn that another inspector is working with a real estate broker to illegally speed up the purchase of vacant homes. As an independent contractor, you know it is impossible for a single inspector to conduct the number of inspections reportedly completed in the identified time period. What should you do with this information?

Upon conclusion of the inspection, your client wants your opinion on whether or not you would purchase the home. How do you respond to your client?

A real estate agent contacts you and proposes a partnership so she can include your home inspection services in her marketing materials. In accordance with professional standards and the code of ethics for home inspectors, you

Home inspectors should be prepared to have which of the following documents before conducting their first inspection?

Your client asks for the name of a good pest control specialist. You want to recommend your brother, who is well known and has an excellent reputation in the community. What is the BEST way to refer your client to your brother?

How should you respond if a client asks about your professional objectivity?

As a housing inspector, you do not want people wandering around while you are reviewing the property. Should the client be present during the home inspection?

Is it true or false that you should not inspect any component or system that is not specifically included in the Standards of Practice for home inspectors?

It is not uncommon for clients to have complaints about inspections, especially after they have purchased a home and realized the cost of certain repairs. If you get a complaint from a client, how should you handle it?

Which of the following activities should home inspectors engage in to build their reputations?

After accepting compensation from your client, the seller approaches you and offers you $100 to "soft sell" deficiencies you identify during the inspection. What is the appropriate response to this situation?

You are interested in buying a home when a client contacts you to inspect that exact home for them. How should you handle this situation?

There are times when you may need to return to a property for a follow-up inspection. What is required of you during a re-inspection?