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by Nick Gromicko Former REALTOR Founder, International Association of Certified Home Inspectors  The seller has accepted your clients' offer and now, with your help, your clients must choose a home inspector. Should you steer them toward the inspector who writes the softest reports? Should you steer them toward the inspector who pays to be on your office's preferred vendor list? Should you help them find the cheapest inspector? The answers to these questions are of course No, No, and Hell, no. You have a fiduciary duty to your client and, therefore, must recommend the very best inspectors. If you recommend a patty-cake inspector, an inspector who indirectly pays for your recommendation, or a cheap inspector, you violate your fiduciary duty to your client. The National Association of REALTORs defines your duties in their Code of Ethics. Article 1 requires you to protect and promote your clients' interests. Article 6 requires you to disclose any financial benefit you may receive from recommending related real estate services (this also includes any benefit to your broker). Because most real estate agents get paid only if the real estate transaction successfully takes place, your personal interests and your fiduciary duties already conflict. Don't make your situation any worse. The best way to avoid negligent referral claims, to operate ethically, and to fulfill your fiduciary duty is to help your client find an inspector based solely on merit. And although no real estate agent can guarantee the thoroughness of any particular inspector, there is a strong correlation between an inspector's fees and his/her competence (in other words, you get what you pay for). Helping your client find a cheap inspector for the purchase of their lifetime is a violation of your fiduciary duty. When in doubt, shop price, and seek out the most expensive inspectors for your clients. Craftsman Home Inspections llc is a home inspection company proudly serving the Aurora CO and Denver CO Metro Areas. If you are looking for a Home Inspector in Aurora or Denver, please give us a call at 720-593-0383 or check us out online at CraftsmanColorado.com or simply schedule your home inspection below.
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2 Comments
12/25/2021 02:24:35 am
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Regular inspection of the residence or cars locks is very important to avoid crime incidents in your absence. Always contact local locksmith port orchard specialists because they fix all issues immediately at a low cost. Leave a Reply. |
AuthorCraftsman Home Inspections. We are your Aurora and Denver Colorado Home Inspectors. Here you will find useful information about the Home Inspection industry as well as home maintenance tips. Archives
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Craftsman Home Inspections llcAt Craftsman Home Inspections we are professionals who promise to give you our best Home inspection every time.
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