Residential Inspection for Real Estate Agents - Champions School of Real Estate Questions and Correct Answers 2024/2025

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 - Answer -The Committee consists of nine members appointed by the Commission as follows: (1) six members who have been engaged in the practice of real estate inspecting as professional inspectors for at least five years before the member's appointment and who are actively engaged in that practice; and (2) three members who represent the public, who are not registered, certified, or licensed by an occupational or regulatory agency in the real estate industry. Inpsection - Answer -A(n) ________ is defined as the process of looking at and examining accessible items, parts, systems, or their components and the reporting of any observed deficiencies. National, State - Answer -The examination for a real estate inspector license and for a professional inspector license consists of a ________ part and a ________ part. Departure - Answer -The ________ Provision recognizes that there are items that a client may not want to have inspected. Re-Sales, Substantially - Answer -The TREC Standards of Practice are directed at ________ or ________ completed houses. Advertisements - Answer -________ are all communications created or caused to be created by a licensed inspectorfor the purpose of inducing or attempting to induce a member of the public to use the services of the inspector. Inactive - Answer -________ inspectors may not perform inspections. Application - Answer -A