The Real Estate Agent’s Duty
Natasha Gromicko Jan 14, 2024 2 min read The Real Estate Agent’s Duty Just for a moment, let’s assume that you’re a real estate agent. The seller has accepted your clients’ offer and now, with your help, your clients must choose a home inspector. Should you steer them toward the inspector who writes the softest reports? Should you steer them toward the inspector who pays to be on your office’s preferred vendor list? Should you help them find the cheapest inspector? The answers to these questions are of course, No, No, and Heck, no. Real estate agents have a fiduciary duty to their clients and, therefore, must recommend the very best inspectors. If a real estate agent recommends a patty-cake inspector, an inspector who indirectly pays for an agent’s recommendation, or a cheap inspector, the agent potentially violates their fiduciary duty to their client. The National Association of REALTORs defines an agent’s duties in their Code of Ethics. Article 1 requires an agent to protect and promote their clients’ interests. Article 6 requires an agent to disclose any financial benefit they may receive from recommending related real estate services (this also includes any benefit to an agent’s broker). The inspection image shows water marks in the corner of the ceiling. The water marks indicate that the water leak has been taking place for some time. One could assume that the homeowner would likely know of this water leak problem since it has been an issue for some time. Because most real estate agents get paid only if the real estate transaction successfully takes place, the personal interests and the fiduciary duties may already conflict. Agents should not make the situation any worse. The best way to avoid negligent referral claims, to operate ethically, and to fulfill the fiduciary duty is to help the client find an inspector based solely on merit. And although no real estate agent can guarantee the thoroughness of any particular inspector, there is a strong correlation between a home inspector’s fees and the inspector’s competence (in other words, you get what you pay for). An agent that helps their client find a cheap inspector for the purchase of their life seems to be a violation of the agent’s fiduciary duty. When in doubt, the agent and client should shop price, and seek out the most expensive inspectors for the agent’s clients. And for you inspectors, compete with each other on value, not price. Facebook-f Linkedin-in Link
A Homeowner’s Questions
Natasha Gromicko Jan 14, 2024 2 min read A Homeowner’s Questions Every homeowner has similar concerns and questions related to maintaining their home. The following questions are those that all homeowners ask themselves: “How do things in my house work?” “How do I maintain them?” “What does a real problem look like?” “How should it be corrected?” The answers to these questions are in this blog. This blog will guide you through the systems and components of a typical house, how they work, and how to maintain them. You will also learn about what common house problems look like and how they can be corrected.The main systems of a residential building include the following: roof; exterior; basement, foundation, crawlspace, and structure; heating; cooling; plumbing; electrical; fireplace; attic, insulation, and ventilation; doors, windows, and interior. By reading this blog, you will learn what is required to be inspected during a home inspection, including all of the systems and certain components within those systems. Not everything is inspected during a home inspection. And not every defect (or house problem) will be discovered during an inspection. That’s an impossible task for anyone, not just professional home inspectors. It’s not possible to find every problem that exists or could exist by performing a home inspection, because many house systems and components are simply hidden, covered up, and not visible. Most homes do not have major defects, but some do. And that’s the main reason to get a home inspection. And in this blog, we will learn a lot about what problems in a home look like, how to find them, and how to repair them.Next, let’s talk a little about real estate agents. Facebook-f Linkedin-in Link
The Home Inspector’s Responsibility
HereNatasha Gromicko Jan 14, 2024 2 min read The Home Inspector’s Responsibility The home inspector is not an expert but a generalist. The home inspector can inspect a home and report upon the home’s condition as it was at the time of the inspection. That is the main responsibility of the home inspector. A home inspection does not include predictions of future events, house warranties, or guarantees that nothing will ever go wrong. Future events (such as roof leaks, water intrusion, plumbing leaks, and heating failures) are not within the scope of a home inspection and are not the responsibility of the home inspector. Who’s responsible? The homeowner. The most important thing for a homeowner to understand is that things will break. As time goes on, parts of the house will wear out, break down, deteriorate, leak, or simply stop working. The inspection image shows water marks in the corner of the ceiling. The water marks indicate that the water leak has been taking place for some time. One could assume that the homeowner would likely know of this water leak problem since it has been an issue for some time. In a real estate transaction, the inspection report is only supplementary to the seller’s disclosure (what the seller knows about the home), and the report provides additional information to the home buyer. The inspection image of the roof shows a shingle tab that lifted up in the wind and cracked in half. This is a roof defect that happened after a home inspection was performed. This problem is not the responsibility of the home inspector, but of the homeowner. And it’s likely that the homeowner wasn’t aware of the problem. Future conditions are not the responsibility of the home inspector Facebook-f Linkedin-in Link