The very idea of a home inspection company sending a kickback to a real estate broker makes me want to puke.
I can think of no better example of abusing a fiduciary duty and one more great reason for consumers to ignore referrals coming from their real estate agent when selecting inspection companies.
Savvy consumers should hire inspectors who are not suffering from conflicts of interest such as maintaining a referral relationship with the real estate agent. That basic conflict alone is sufficient warning to beware, but add a kickback to the equation and you've got a more serious problem than a RESPA violation.
Friday, July 04, 2008
home inspections and home warranties
Here's a comment I posted in a conversation on the Inman site. They are discussing referral fees.