10/12/2023
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CODE OF ETHICS #6
Home inspectors shall not, directly or indirectly compensate, provide or receive a thing of value, inducement or reward:
a. to realtors, brokers or other parties having a financial vested interest in the closing or settlement of real estate transactions.
b. for the referral of any business to the inspector or the inspection company, or for inclusion on a list of recommended inspectors, preferred providers, or similar arrangements.
This is an important point of the Code of Ethics, and one that definitely crosses the line when it comes to choosing someone you trust. Over the years, we’ve seen monetary amounts, bottles of alcohol, and other heavy kickbacks back to realtors over the years. It’s very important that home inspectors have a careful relationship with realtors. Of course, relationship marketing to realtors does happen, and it’s important that realtors are aware of a good inspector’s reputation and business practices; but there should be no inducements, or financial vested interest. Many inspectors over the years have developed good relationships with realtors who understand that in many cases, a good inspector who has integrity and develops an honest report also benefits them.
Home inspectors who belong to the Home Inspectors Association BC adhere to a crucial ethical guideline: they shall not, directly or indirectly, compensate, provide, or receive a thing of value, inducement, or reward.
This rule in the Code of Ethics ensures the integrity of the inspection process, preserving objectivity and transparency. By refraining from any form of bribery or enticement, inspectors maintain their commitment to unbiased assessments of homes. This principle safeguards the interests of both buyers and sellers, promoting trust and fairness in real estate transactions. Upholding this standard is not just a matter of professional ethics; it's a fundamental step in safeguarding the integrity of the home inspection industry.
Unfortunately, if an inspector doesn’t belong to HIABC, the rules aren’t quite as stiff. Although they may adhere to this particular code, many do not. It’s important to vet your inspector. Find yours at hiabc.ca/find-an-inspector or ask “Do you belong to the Home Inspectors Association BC”?