Home Inspection Exam Questions and Answers |New Update with 100% Verified Answers
A home inspector inspects the structure for compliance with building codes. False (A home
inspection is not a code compliance inspection.)
Most home inspectors are hired by buyers. 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.)
A home inspection take place before the seller and buyer sign the purchase agreement.
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.)
All licensed real estate agents may refer to themselves as REALTORS False (Only member s
of the National Association of REALTORS may refers to themselves as REALTORS.)
Which of the following provisions are often included in an inspection agreement? 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.)
Inspections of older homes typically take larger than inspections of newer homes. 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.)
Errors and Omissions (E&O) Insurance Insurance that protects the insured against liability
for committing an error or omission while performing professional duties.
, General Liability Insurance Insurance that protects against bodily injury and property
damage claims.
Home Inspection An unbiased, systematic, noninvasive, visual inspection of a home.
Home Warranty A program that covers repairs or replacements of certain components of
the home for a specified period of time, often one year.
Inspection Contingency The contract clause that gives a buyer the right to have a home
inspected during a specified period of time.
Inspection Period The time frame specified in the purchase agreement during which the
buyer has the opportunity to conduct an inspection.
Prelisting Inspection A home inspection conducted for a homeowner before the owner puts
the home on the market.
Technically Exhaustive Inspection An inspection that involves extensive measurement and
testing, such as measuring and testing loads in the electrical system, pressurizing the water and
drainage systems and measuring flow rate, etc., which is beyond the scope of a normal home
inspection.
A home inspection conducted for a homeowner before the owner puts the home on the market
is known as a preexisting inspection (Some seller select to have a home inspection before
putting their home on the market. This type of inspection is referred to as a preexisting
inspection.)
Most home inspectors are hired by buyers (Most home inspections are performed for
buyers. The buyer, not the agent, should choose the inspector to reduce the agent's liability.)
A home inspector inspects the structure for compliance with building codes. False (A home
inspection is not a code compliance inspection.)
Most home inspectors are hired by buyers. 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.)
A home inspection take place before the seller and buyer sign the purchase agreement.
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.)
All licensed real estate agents may refer to themselves as REALTORS False (Only member s
of the National Association of REALTORS may refers to themselves as REALTORS.)
Which of the following provisions are often included in an inspection agreement? 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.)
Inspections of older homes typically take larger than inspections of newer homes. 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.)
Errors and Omissions (E&O) Insurance Insurance that protects the insured against liability
for committing an error or omission while performing professional duties.
, General Liability Insurance Insurance that protects against bodily injury and property
damage claims.
Home Inspection An unbiased, systematic, noninvasive, visual inspection of a home.
Home Warranty A program that covers repairs or replacements of certain components of
the home for a specified period of time, often one year.
Inspection Contingency The contract clause that gives a buyer the right to have a home
inspected during a specified period of time.
Inspection Period The time frame specified in the purchase agreement during which the
buyer has the opportunity to conduct an inspection.
Prelisting Inspection A home inspection conducted for a homeowner before the owner puts
the home on the market.
Technically Exhaustive Inspection An inspection that involves extensive measurement and
testing, such as measuring and testing loads in the electrical system, pressurizing the water and
drainage systems and measuring flow rate, etc., which is beyond the scope of a normal home
inspection.
A home inspection conducted for a homeowner before the owner puts the home on the market
is known as a preexisting inspection (Some seller select to have a home inspection before
putting their home on the market. This type of inspection is referred to as a preexisting
inspection.)
Most home inspectors are hired by buyers (Most home inspections are performed for
buyers. The buyer, not the agent, should choose the inspector to reduce the agent's liability.)
