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Aug 6th, 2022
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How to work in detail in the Home Inspection Services Contract

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[Music] today were going to talk a little bit about employment contracts and contracts with independent contractors employment contracts are widely used in the United States every state like in most situations has their own statutes and case law related to what can be in an employment contract and what types of things are enforceable generally speaking the employment contract should be the document between you and your employee that sets out the scope of the work theyre going to do the time period that the contract will be enforced and sets out certain obligations sometimes relative to insurance or other ancillary issues the big thing that we come across a lot with employment contracts and the thing that inspectors ask about the most are the enforceability of the terms related to the covenant not to compete or the restriction on use of confidential information or information generated during the employment related to possible clients for the future now as inspectors your ultimate dut

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(An inspection agreement typically includes a statement that the inspection report is NOT a guarantee or warranty regarding the present or future operation of the structure or its systems or components.
If, within the allotted time, the said inspection reveals major functional deficiencies in the property which the Purchaser is unwilling to accept or waive, and the Vendor is unable or unwilling to remedy or satisfy, this Offer shall automatically terminate.
Cabinets and trim. Foundation and basement. Exterior elements of a property, such as the chimney, gutters, drainage, driveway, lot grading and deck. Some inspections may also include fencing and garages (if attached to the house).
The home inspection clause in the agreement of purchase and sale read: This agreement is conditional upon the inspection of the property by a home inspector of the purchasers choice and expense, and receipt of a report satisfactory to him, in his sole and absolute discretion.
Definition of Subject to Inspection (STI) A home may be identified as Subject to Inspection if the seller has entered into a contract with a buyer but a successful closing is contingent on a home inspection and negotiation over any related repairs or concessions.
Specifically: Members shall avoid conflicts of interest or activities that compromise, or appear to compromise, professional independence, objectivity or inspector integrity. Members shall not inspect properties for compensation in which they have, or expect to have, a financial or vested interest of any kind.
Contingencies can include details such as the time frame (for example, the buyer has 14 days to inspect the property) and specific terms (such as, the buyer has 21 days to secure a 30-year conventional loan for 80% of the purchase price at an interest rate no higher than 4.5%).
An inspection contingency clause states something like, Buyers obligation to purchase is contingent upon Buyers inspection and approval of the condition of the property. Another variation states that the Buyer may hire a home inspector to inspect the property and that the Seller must fix any issues found by the

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