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Property Inspection Essentials Unit 25 Exam Questions and Answers
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Property Inspection Essentials Unit 25 Exam Questions and Answers
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Property Inspection Essentials Unit 25Exam Questions and Answers
Why have a property inspection? - Answer -to verify the condition of the property. This
contingency typically provides that, if significant defects are revealed by a property
inspection, the buyer can back out of the offer, free of penalty, within a certain
timeframe.
What are benefits of the inspection to a seller? - Answer -Seller-can make repairs to put
home in better selling condition.
What are the benefits of an inspection to the buyer? - Answer -Buyer can learn about
the property before buying and identify major repairs needed or builder oversights
What does the home inspector check? - Answer -A qualified property inspector can
assess the condition of a property's roof, foundation, heating and cooling systems,
plumbing, electrical work, water and sewage, and some fire and safety issues. In
addition, the property inspector will look for evidence of insect, water or fire damage or
any other issue that may affect the value of the property.
What is a property inspection? - Answer -noninvasive, examination of the property's
condition, not to access compliance with building codes, carried out by a fully qualified
professional trained and experienced in evaluating buildings and their components.
The inspector should note: - Answer -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
Explain pre-delivery inspection. - Answer -means the buyer has the option (or
requirement, depending upon how the real estate contract is written) to inspect the
property prior to closing or settlement. These inspections generally take place up to a
week before a closing, and they generally allow buyers the first opportunity to inspect
their new home.
What is the difference between a property inspector and a property appraiser? - Answer
-A property inspector determines the condition of a structure, but an appraiser
determines the value of a property.
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