1. The seller has the right to cure, the buyer gives a notice of defects within the deadline and the seller does not want to cure. Which of the following does not terminate or void the offer?

a. The seller delivers notice of his intent to not cure the defects to the buyer within 10 days of the seller’s receipt of the notice of defects.
b. The seller does nothing.
c. The buyer proposes an amendment to the seller withdrawing the notice of defects.
d. The seller delivers a CAMR to the buyer and the buyer signs it.

2. The buyers had a home inspection and now they want to go on the property again. Do they have a right to further inspections?

a. No, it is unreasonable and unnecessary to inconvenience the seller, and it takes too much time and costs too much money.
b. Yes, if the home inspection report recommends that a foundation contractor inspect the basement it is a follow-up inspection authorized at lines 303-305 of the WB-11 offer.
c. Yes, if the lender is requiring that a pest control service inspect the home due to the bat droppings observed by the appraiser.
d. Both b and c above.

3. The buyer gave a notice to the seller listing repairs to be done and describing how the seller was to cure the defects. Should a notice of defects or an amendment be used if the buyer requires the seller to use a specific roofing contractor?

a. A notice of defects is fine, as long as a copy of the inspection report accompanies it.
b. If the buyer wants to have the repairs done in a certain manner or by certain contractors, an amendment must be used because a buyer cannot unilaterally dictate contract terms.
c. The buyer was smart because now if the seller elects to cure the defects, he will have to abide by the repair specifications.
d. The buyer should use a notice of defects so the seller cannot negotiate and change roofing contractors.

4. The buyers had a friend who is a builder conduct the home inspection. The seller had the right to cure. The builder found that the roof needed repairs and the chimney flue was cracked. The buyers did not submit a notice of defects and instead just told the listing agent what the defects were. The buyers then decided they did not want the house and asked for their earnest money, citing the roof defects. Will the buyers get out of the contract?

a. No, there was no notice of defects so the buyer accepted the property as is.
b. Yes, because a builder has more expertise than a registered Wisconsin home inspector.
c. Yes, if the seller does not elect to cure the roof defects.
d. No, the buyers have to take the property and the builder must repair the roof and chimney.

5. If the first offer falls through, what does the seller do with her copy of the first buyer’s home inspection report?

a. Put it in the bottom of her birdcage because it is no good to a buyer who did not hire the home inspector and pay for the report.
b. Use it as the basis for amending the RECR if it reveals new defects.
c. Give it to the listing agent so he can have another copy.
d. Tell the second buyer he can rely on the inspection report.

6. The home inspection was completed and the buyer submitted a notice of defects to the seller and a copy of the home inspection report. The notice also indicated that the buyer is canceling the deal because of the reported defects. The home inspection contingency gives the seller the right to cure. Is the offer cancelled?

a. Yes, the buyer may cancel the contract in this manner.
b. Yes, as long as the defects are serious issues like lead-based paint or radon.
c. No, a notice of defects would nullify the offer only if the seller did not have the right to cure.
d. No, the seller does not have a secondary offer to put in its place.

7. The inspection contingency deadline was Thursday and on Friday the buyer personally delivered to the seller a notice of defects written by the builder, for the buyer, on a plain piece of paper. Is this notice of defects valid?

a. No, the notice of defects is late.
b. Yes, only licensees must put the notice of defects on a WB-41 notice form.
c. Yes, the builder does not need to attach the inspection report because he is a qualified expert.
d. No, the cooperating agent should have drafted an amendment.

8. Which of the following is a defect that may be listed on a notice of defects?

a. The house has 60-amp electrical service.
b. The screws are loose on the bedroom light switch plates.
c. The home inspector said that the 18-year old roof is not leaking but should be replaced in a year or two.
d. The chimney built in 1914 has holes in the mortar, smoke stains on the mantel and cracks in the exterior stucco.

9. Who must receive a copy of the home inspection report the buyer receives from the home inspector?

a. The seller and the listing broker, as an attachment to any notice of defects.
b. The seller and the listing broker, even if there is no notice of defects given.
c. The DRL because they regulate home inspectors.
d. Both a and b above.

10. A home inspector is not required to

a. Give the buyer a repair cost estimate and recommendation for the best repair technique and materials.
b. Inspect cosmetic items such as wallpaper, carpet, or window treatments.
c. Move furniture, equipment, debris, etc., that obstructs access or visibility of improvements or components.
d. All of the above.

11. A home inspector must

a. Advise the buyer regarding the value and marketability of the subject property.
b. List any material adverse facts known to or observed by the home inspector.
c. Disclaim liability and limit the amount of damages resulting from a failure to comply with minimum standards.
d. Tell the buyer whether to buy the property and whether to give the seller a right to cure.

12. Which of the following statements is true?

a. Some home inspectors will conduct building permit searches for an additional fee but this is not within the scope of a normal home inspection.
b. Home inspections are not necessary for condominium units because the condominium association inspects and maintains the property.
c. The home inspector must inspect washers and dryers, and spas and swimming pools, but need not observe the chimney or skylights.
d. Home inspections are not necessary for new homes.

For resources pertaining to home inspections, see the online REALTOR^® Resource page at www.wra.org/ResourcePagesInspection.

ANSWERS:

1.c
2.d
3.b
4.a
5.b
6.c
7.a
8.d
9.d
10.d
11.b
12.a