Practice Quiz

Home Inspection

Category - Business Operations

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The buyer and seller offer to split the inspection fee. Can you accept payment from both parties in this situation?
  1. No, this is against the law.
  2. No, this is a conflict of interest.
  3. Yes, this is acceptable as long as the split is 50/50.
  4. Yes, this is acceptable as long as both parties agree upfront.
Explanation
Answer: D - The buyer and seller offer to split the inspection fee. You can accept payment from both parties in this situation as long as both parties agree upfront. You will need to keep both parties informed of findings since they both are your clients. Each party gets a copy of the inspection report.
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