Condos are not a very big part of the pie here in North Texas, but down on the coast it may be possible. I have never really given it any consideration since it would not be a business model possibility for me personally. I am sure condos would be a gray area for TREC, so some research into the specifics would be in order before pursuing that.
The law appears to be silent, but the FAQ from the TREC web site seems to assume that the SOP would apply on commercial inspections performed by a TREC inspector. So maybe I spoke out of turn.
Q. If a licensed professional inspector is conducting a commercial inspection, is he or she required to use the
inspection report form promulgated by TREC? Do the Standards of Practice apply?
A. A licensed TREC inspector is not required to use the promulgated form when inspecting property other than one to four family residential. A TREC licensed inspector may perform inspections on commercial property, as long as no other laws prohibit the inspector from doing so (please check with the Texas Board of Professional Engineering to determine when a Professional Engineer license is required). Yes, the Standards of Practice would apply to commercial property inspections to the extent that they apply.
RULE §535.223Standard Inspection Report Forms(a) The Texas Real Estate Commission adopts by reference Property Inspection Report, REI 7A-0, approved by the Texas Real Estate Commission in 1998 and published and available from the Texas Real Estate Commission, P.O. Box 12188, Austin, Texas 78711-2188.
(b) Except as provided by this section, inspections performed for a prospective buyer or prospective seller of one-to-four family residential property must be reported on Form REI 7A-0 ("the form").