Residential Inspection for Real Estate Agents - Champions School of Real Estate Questions and Correct Answers 2024

Residential Inspection for Real Estate Agents - Champions School of Real Estate Questions and Correct Answers 2024 Deficiency - Answer -A ________, in the reasonable judgment of the inspector, is a condition that adversely and materially affects the performance of a system, or component. Inspection - Answer -Process of examining accessible items, and reporting their condition RESPA - Answer -Prohibits abusive practices like undisclosed referral fees and kickbacks. Designed to help consumers become more knowledgeable of settlement services costs. Departure Provision - Answer -The inspector may not inspect an item if the inspector and client agree that it is not to be inspected Standards of Practice (SOP) - Answer -Directed at re-sales or substantially completed homes. However, the inspection of houses under construction is a growing segment of the inspection business. Most inspectors offer a three-phase package to clients who want their new home inspected. TREC - Answer -Texas is one of the few states that licenses home inspectors. Inspectors are licensed by the same agency as real estate license holders. In Texas, real estate inspectors must follow the Standards of Practice as established by Accessible - Answer -any area that can be reached without the use of tools and will not disassemble items other than covers or panels intended to be removed for inspection. Capable of being approcahced, entered, or viewed without specialized equipment, or hazard Standard Inspection ReportForm - Answer - Code organization - Answer -A non-profit organization whose primary mission is to develop and advocate scientifically-based codes and standards relating to one or more of the systems found in an improvement to real estate. Trade association - Answer -A cooperative, voluntarily joined association of business or professional competitors that is designed to assist its members and its industry or profession in dealing with mutual business or professional problems and in promoting their common interest. The Texas Real Estate Inspector Committee - An