The Ontario government has passed legislation to regulate the home inspection industry. “This is a crucial, necessary step,” says Dan Steward, president and CEO of Toronto based Pillar To Post Home Inspectors.
A home inspector was ordered to pay almost $19,000 to a buyer, all because he reported on a significant defect verbally, rather than in writing, in a legal decision that will likely keep home inspectors up at night.
Until now, though, there hasn’t been a consistent set of minimum requirements for Canadian home inspectors to follow or for home buyers to compare services. Here’s what every Realtor needs to know about the new standards.
Choosing your recommendations to your clients with care is all part of the exceptional service you provide as a real estate professional. Be sure to look for these four key things when choosing a home inspector for your clients.
A ground-fault circuit interrupter, or GFCI, is a fast-acting circuit breaker (surge detector) designed to cut off electric power in the event of a ground-fault. Arc-fault circuit interrupters or AFCIs provide additional safety for electrical circuits inside the home.
REM (Real Estate Magazine) is Canada’s premier monthly magazine for real estate professionals. REALTORS®, real estate agents, sales representatives, brokers, owners, administrators, and other real estate industry stakeholders read REM every month for news, analysis, and commentary on Canadian real estate.
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