A California listing agent conducts a thorough visual inspection and documents all findings on the AVID form. One month later, a different buyer submits an offer. The agent conducted the original inspection for the first (failed) offer. Does the agent need to conduct a new inspection for the second buyer?
Correct Answer
B) No, the original inspection is valid for all buyers during the listing period as long as no material changes have occurred
If no material changes have occurred to the property since the original inspection, the agent's visual inspection remains valid for subsequent buyers. The agent should verify that conditions have not materially changed since the inspection was conducted. If conditions are the same, the original inspection documentation can be provided to the new buyer.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A material defect is a condition that significantly affects the value, desirability, or safety of a property and that would likely influence a reasonable buyer's decision to purchase or the price they would pay.
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- → A California salesperson's personal real estate blog states, 'I closed 50 transactions last year!' The actual number was 32. A competing agent reports this to the DRE. What is the most likely regulatory outcome?
- → A seller is selling a condominium in a California common interest development (CID). In addition to the TDS, which disclosure package is the seller required to provide under California Civil Code §4525?
- → A seller completing the Transfer Disclosure Statement in California must disclose various property conditions. All of the following must be disclosed on the TDS EXCEPT:
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- → A property in a California Mello-Roos district has a base Proposition 13 property tax of 1% on its assessed value of $600,000, plus a Mello-Roos special tax of $3,200 per year. What is the total annual property tax bill for this property?
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- → A California buyer's agent conducts a visual inspection and notices that the property's water heater is not strapped to the wall as required by California law for seismic safety. Under California Health and Safety Code §19211, water heaters must be braced. What should the buyer's agent do?
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