Practice Quiz

Home Inspection

Category - Business Operations

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Your best friend is a remodeling contractor. The two of you agree to refer clients to one another for a $25 referral fee. Which of the following statements is true about this situation?
  1. You are violating ethical and professional standards.
  2. You are violating ethical but not professional standards.
  3. You are not violating ethical standards.
  4. You are not violating professional standards.
Explanation
Answer: A - Your best friend is a remodeling contractor. The two of you agree to refer clients to one another for a $25 referral fee. By doing this, you are violating ethical and professional standards. Home inspectors should not accept any type of referral fee for recommending contractors, including home remodelers. There is an inherent conflict of interest in this relationship. If an inspection is required after the remodeling is completed, your best friend may expect a favorable inspection report from you.
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