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List 3 reasons to have a property inspection.
- A property inspection may be a contingency on a contract to purchase a house.
- An inspection can identify the need for major repairs.
- If done by seller, it can put the house in better selling condition.
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What is the difference between a property inspector and a property appraiser?
A property inspector determines the condition of a structure, but an appraiser determines the value of a property.
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What specifically should an inspector note during an inspection?
- Whether each problem is a safety issue, major defect, or minor defect.
- Which items need replacement and which should be repaired or serviced.
- Items that are suitable for now but that should be monitored closely.
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What is included in a standard property inspection?
Major mechanical systems (electrical, plumbing, heating, cooling), construction from roof to foundation, exterior to interior
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What is included in a structural inspection?
Visual inspection of foundation elements, bearing walls, beams and columns, floor slabs, framing, crawlspace areas, and drainage all for signs of movement, distress, damage, and/or the ability to adversely affect the rest of the structure.
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What types of inspections are considered non-standard or additional services?
Pools, sprinkler systems, private wells, septic tanks, environmental inspections, pests, soil
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Name 3 types of findings that should be included on the inspection report.
- Which problems should be repaired
- Poor workmanship and deterioration
- Problems that would occur during remodeling
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What are the typical options the buyer and seller have based on the inspection report?
- Buyer can walk away from the purchase as long as the contract has an inspection contingency.
- Buyer can ask seller to pay for repairs.
- Buyer and seller can negotiate in order for the sale to go forward.
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What is the main shortcoming of a property inspection?
Since the inspection only checks for visual cues, it can't identify everything that might be wrong.
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Why have an inspection
- Contract may include inspection contingency
- Inspection may find major repair problems
- Allows buyer to learn about house before buying it
- Allows seller to get house in best selling conditio
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Pre-delivery inspection
Applies to_____
To ensure all terms of contract have been met and home is completed and in working order
Often called final______
newly built homes
walk-through
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Inspection types4
- Standard – major mechanical systems and construction
- Structural – foundation elements, bearing walls, floor slabs, framing, drainage, etc. for distress, damage, and movement
- Exterior – exterior walls, foundation, grading, garage or carport, roof
- Interior – plumbing, electrical, thermal imaging, heating, ventilation, air conditioning, water heater, kitchen appliances, laundry room fire safety, bathrooms
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What does it mean to say property inspectors are generalists?
They find most of the general problems.
They only look at the general issues of a home and not at specifics.
They are not experts in every field.
They are very good at finding general maintenance issues.
They are not experts in every field.
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A property inspection only checks for
structural issues.
major system issues.
visual cues to problems.
the issues included in the agreement between the inspector and the buyer.
visual cues to problems.
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Which type of inspection covers a home's major mechanical systems — electrical, plumbing, heating, and cooling — and its construction from roof to foundation, exterior to interior?
Structural inspection
Standard inspection
Advanced inspection
Extended inspection
Standard inspection
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In a plumbing inspection, the inspector will identify the location of what in particular?
The main bathroom
The garbage disposal
The main water shutoff valve
The septic system
The main water shutoff valve
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The property inspector should not note
whether a problem is a safety issue.
which items need replacement.
items that are not necessary to the functioning of the home.
which items should be repaired or serviced.
items that are not necessary to the functioning of the home.
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The property inspector should note
whether each problem is a safety issue.
whether each problem is a major defect.
whether each problem is a required repair.
whether each problem is a minor defect.
whether each problem is a required repair.
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Which of the following statements is TRUE?
A property inspection is an invasive, visual inspection of a building.
A property inspection is not designed to provide all the information a buyer needs to make an informed decision about a potential purchase.
A property inspection is an inspection to verify compliance with appropriate codes.
During a property inspection, no part of any building will be tampered with or dismantled.
During a property inspection, no part of any building will be tampered with or dismantled.
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What do the ASHI Standards of Practice and Code of Ethics prohibit?
Inspectors practicing without a license
Inspectors including swimming pools in the inspection
Inspectors failing to carry insurance
Inspectors engaging in conflict-of-interest activities that might compromise their objectivity.
Inspectors engaging in conflict-of-interest activities that might compromise their objectivity.
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Which type of inspection covers a home's major mechanical systems — electrical, plumbing, heating, and cooling — and its construction from roof to foundation, exterior to interior?
Structural inspection
Standard inspection
Advanced inspection
Extended inspection
Standard inspection
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Name the 10 most common environmental issues.
- Asbestos
- Carbon Monoxide
- Ground Water Contamination
- Septic Systems
- Illegal Drug manufacturing
- Lead-Based Paint
- Mold
- Radon
- Underground Storage Tanks
- Urea Formaldehyde
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What is required by the Lead-based Act of 1992?
A seller's agent must disclose any known lead problems in properties built before 1978 and must give the buyer or lessee a copy of the EPA-HUD-US Consumer Product Safety Commission booklet, "Protect Your Family from Lead in your home."
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What should licensees do to protect themselves from liability under CERCLA?
They should be aware of potential hazards, disclose known material facts, and distribute the HUD booklet.
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Under what conditions is asbestos dangerous?
When it filters into the air when it gets old and starts to disintegrate or during a remodeling project when it is damaged or improperly removed.
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Name five places where asbestos could be found in the home. (Additional answers can be found on Page 6.)
- Insulation in homes built between 1930 and 1950
- Walls and floors around wood-burning stoves
- Vinyl floor tiles
- Oil and coal furnaces
- Some roofing shingles
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Name five potential sources of carbon monoxide in the home.
- Unvented gas space heaters
- Leaking chimneys
- Gas stoves
- Tobacco smoke
- Car exhaust from attached garages
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What are five ways ground water can become contaminated?
From septic tanks, agricultural runoff, highway de-icing, landfills, and pipe leaks
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What should a licensee tell his or her sellers that buyers’ agents will be telling prospective buyers about the well on the property?
Agents will advise prospective buyers to have the water tested by a health or private laboratory at least once a year to check for contamination. If a well becomes contaminated, the new owners may need to have a new well dug.
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What type of test is required when a new septic system is to be installed?
A percolation test to determine the absorption rate of the soil.
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What impact does the manufacture of drugs have on the sale or lease of a property?
If a property has been the site of the manufacturing of drugs, the property should not be sold or leased until an investigation is done and the possible health hazards have been disclosed to the potential buyers. If a property is currently being used to manufacture drugs, the government can confiscate the property, even if the owner has no knowledge of what’s going on.
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Under what circumstances does lead from lead-based paint enter the body?
When eaten or when the dust is inhaled
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What are the requirements for notifying buyers or tenants of any known lead-based paint hazards?
- The Protect Your Family from Lead in Your Home brochure must be given to buyers and tenants.
- All parties must sign a disclosure which states lead-based paint hazards exist.
- Buyers must be given a 10-day chance to have a risk assessment or inspection done.
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Agent Tim knows that a home he is listing has had water problems in the basement. What responsibility does he have since he has this knowledge?
Tim should disclose any knowledge of flooding or water damage to potential buyers, since water damage can start mold growing, often in places where it can’t readily be seen.
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Of all the environmental hazards, which is the easiest to detect and mitigate?
radon
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Why are underground storage tanks considered an environmental issue?
Their contents can leak into the environment when the tanks corrode or are installed or maintained incorrectly. The tanks can contain petroleum or other hazardous substances that can contaminate ground water when the tanks leak. They can also pose fire or explosion risks.
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What is urea formaldehyde and where in the home might it be found?
It is a foam insulation that emits formaldehyde gas. It might be found in particleboard used for sub-flooring or cabinetry; in hardwood plywood paneling used for wall covering and in cabinets; or in medium density fiberboard used for drawers, cabinets, and furniture.
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What does CERCLA give the EPA authority to do?
CERCLA gives the EPA the authority to either clean up the area themselves and sue a wide range of responsible parties for reimbursement, or the EPA can, either by an administrative order or a court order, require the potentially responsible parties (PRPs) to conduct the clean-up themselves.
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What are the licensee's responsibilities regarding homes with environmental hazards?
The licensee should recognize any potential hazards and recommend that sellers get expert advice from an attorney. The licensee should also make sure the seller has a disclosure form regarding the hazard and that the buyer understand the risks they might be taking by purchasing a home with these hazards.
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Lead-based Paint Act of 1992 requires seller or seller agent to disclose known lead problems in a property built before____
1978
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Only licensed______ is allowed to test, remove, or encapsulate lead-based paint
lead professional
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licensee should advise homeowner to have well water tested by lab_____ a year for bacteria, nitrates, lead, radium, and other contaminants
once
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Lead; buyer has __days for risk assessment
10
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Lead:
exempt properties include housing for elderly or disabled without children under___, rental property certified by inspector as lead free, units with no bedrooms or separation between living and sleeping areas, properties rented for less than___ days with no renewal
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Underground Storage Tanks
tank and any underground piping system connected to tank with at least__% of its volume underground
10
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What suggestion should a licensee make when representing a seller of a property with environmental issues?
Get the issues cleaned up.
Keep quiet about the issues to the buyer.
Take the home off the market.
Have an attorney draft the disclosure regarding the hazards.
Have an attorney draft the disclosure regarding the hazards.
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Under CERCLA, what can licensees be held responsible for?
Not having a property inspected for environmental contaminants
Improperly disclosing environmental hazards present on a property
Not referring a client to an environmental professional
Selling a property that contains an environmental hazard whether or not disclosed to a buyer
Improperly disclosing environmental hazards present on a property
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___________ provided the guidelines and procedures needed to respond to releases and threatened releases of hazardous substances, pollutants, or contaminants.
EPA
HUD
NCP
FHA
NCP
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Exposure to high concentrations of formaldehyde can cause
lung cancer.
damage to the spleen.
asthma attacks.
infertility.
asthma attacks.
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It is important that licensees make sure that buyers understand
how to look for environmental issues.
that environmental issues are common and nothing to worry about.
the magnitude of the liability they may be assuming if they purchase a home with environmental issues that have not been addressed.
the licensee's role versus the buyer's role in addressing environmental issues.
the magnitude of the liability they may be assuming if they purchase a home with environmental issues that have not been addressed.
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In which of these places is asbestos not likely to be found?
Roofing
Drywall
Textured paint
Vinyl floor tiles
Drywall
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The CERCLA law authorizes two kinds of response actions:
short-term removals and short-term remedial response actions.
long-term removals and short-term remedial response actions.
short-term removals and long-term remedial response actions.
long-term removals and long-term remedial response actions
short-term removals and long-term remedial response actions.
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When mold spores land on a damp spot indoors, what happens?
They begin growing and digesting whatever they are growing on.
The spores release and contaminate the air.
The spores eventually die when the damp spot dries.
They begin growing into mildew.
They begin growing and digesting whatever they are growing on.
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