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  1. #1
    johnmika1's Avatar
    johnmika1 Guest

    Default Preferred vendors, inspectors, and RESPA

    I found this on the ASHI reporter after having another agent tell me they hate "deal killers".
    We all really need to do something about this:

    "This session proved to be of great interest to the ASHI delegation. HUD’s representatives made it clear that preferred-vendor relationships between inspectors and real estate professionals are a clear-cut violation of RESPA. Fay expressed HUD’s desire and ability to vigorously pursue such violations and encouraged those in attendance to advise constituents to forward as much evidence of such relationships as possible to HUD. "

    For more information on RESPA, RESPA violations and prosecution of preferred-vendor violations, see the official Web site at RESPA - Real Estate Settlement Procedures Act Home Page - HUD.

    full article here: ASHI Attends ARELLO Midyear Meeting Home Inspector Track | The ASHI Reporter | Inspection News & Views from the American Society of Home Inspectors

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    Last edited by johnmika1; 09-22-2012 at 10:02 AM. Reason: grammar
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  2. #2
    Join Date
    Mar 2012
    Location
    North Central Texas
    Posts
    472

    Default Re: Preferred vendors, inspectors, and RESPA

    Reporting these would constitute a part-time job in the DFW Metroplex.

    Texas Inspector
    http://www.texasinspector.com
    What the plainspoken man lacks in subtlety, he makes up in clarity.

  3. #3
    Nolan Kienitz's Avatar
    Nolan Kienitz Guest

    Default Re: Preferred vendors, inspectors, and RESPA

    AM -

    More like a full-time job. Very few of us independents still inspecting.


  4. #4
    Join Date
    Jul 2008
    Location
    Lancaster, CA
    Posts
    153

    Default Re: Preferred vendors, inspectors, and RESPA

    My understanding is that the large offices don't construe the above mentioned as preferred vendor lists... it's "Advertising" or sharing the cost.

    Well, that clears that up


  5. #5
    Join Date
    Mar 2012
    Location
    North Central Texas
    Posts
    472

    Default Re: Preferred vendors, inspectors, and RESPA

    Texas Inspector
    http://www.texasinspector.com
    What the plainspoken man lacks in subtlety, he makes up in clarity.

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