Ralph W. Spurlock
Florida Certified General Contractor CGC 006912
FHA 203K Loan Consultant A 0929
FHA 203K Loan Compliance Inspector L 755
Florida Certified Home Inspector HI 3298
Office (305) 251-5889
Cell (786) 258-1557
Primary Email: email@example.com
Alternate Email: firstname.lastname@example.org
Home and Building Inspection Agreement
A home and building inspection is a non-invasive, visual examination of a home or building performed for a fee. The inspection is designed to find material defects within specific components of the home or building, components may include any combination of mechanical, electrical, plumbing and/or other essential portions of the home or building.
The Purpose of the Inspection
The purpose of the inspection is to check the over-all condition of the home or building and is an observation of the visible and clear condition of the structure and its components on the date of the inspection. The inspection is not a prediction of future conditions
The Contents of Every Inspection Report Shall Contain the Following
* A written report that may be called Exhibit ‘A’
* A visual report that may be called Exhibit ‘B’
Exhibit B’s visual report contains digital photographs of the inspected property. Also contained in Exhibit B’s section are any/all relevant property search data that can be obtained by use of the internet, any/all found deficiency/deficiencies notation(s) that may have been omitted. Thus, any information contained in Exhibit ‘B’ shall be deemed included and part of ‘A’ and is pertinent to the final outcome of the property inspection report. Therefore, client(s) and/or their representative(s) are obligated to closely examine the written report (Exhibit ‘A’) and the visual report (Exhibit ‘B’), to fully ascertain the findings and recommendations included there within.
Cost Estimate to Correct Deficiencies
(Except For FHA 203 K-Estimate Cost Are Include in the Fees)
When an estimate or estimates are offered for cost to correct any deficiency/deficiencies found by the inspector, the estimate(s) are offered only as an estimate to provide client(s) and or their representative some idea for the potential cost to correct. When an estimate to correct deficiency or deficiencies is provided, cost estimates will be based on basic market valuations and conditions as believed to exist at the time the estimate was given, therefore no guarantee, expressed or implied is granted to the client(s) benefit. Cost estimates will only be provided when requested by the client in writing. The inspector will provide an additional cost proposal for the estimate.
FHA 203 K Loan Consultant Fees as Permitted by HUD/FHA
Property with repairs less than $7,500.00 $400; for repairs between $7,501 and $15,000 $500; for repairs between $15,001 and $30,000 $600; for repairs between $30,001 and $50,000 700; for repairs for repairs between$50.001 $75,000 $800; for repairs $75001 and $100,000 $900; for repairs $100,000 and above $1000. An additional fee of $50 can be charged for each additional unit in the property under the same FHA case number.
FHA 203 K Loan Draw Request Inspections
When draw request inspection is requested by the borrower or the borrower’s contractor the consultant will revisit the site and evaluate the draw request with the owner or contractor. Each such inspection will carry an additional fee of $150.00. An extra charge of $0.35 per mile for round trip mileage exceeding 30 miles shall apply.
FHA 203 K Loan Draw Request Inspections
When draw request inspection is requested by the borrower of the borrower’s contractor the consultant will revisit the site and evaluate the draw request with the owner or contractor. Each such inspection will carry an additional fee of $150.00. An extra charge of $0.35 per mile for round trip mileage exceeding 30 miles shall apply.
In the event of a dispute between any parties to the loan, lender, mortgage broker, borrower, contractor or consultant, such dispute will be resolved through binding arbitration. The cost of the arbitration will be shared by all parties to the arbitration.
When an inspection is requested at a location more than 30 miles round trip drive from Southwest Miami-Dade County a charge of thirty-five cents ($0.35) per mile will be applied in addition to all other inspection fees. When round trip travel time exceeds eight hours the inspector will book a motel room for overnight stay. The cost will be added to the inspection fee and travel expense. The per Diem of meals will also be reimbursed by the client or the client’s representative.
Consultant Signature_____________________ Date ________