Regulating the Home Inspection Industry
TREB is working with the Ontario Real Estate Association (OREA) on regulation of the home inspection industry by the Ontario Government.
Currently in Ontario, home inspectors are unregulated. In 2012, The Minister of Consumer Services, the Honourable Tracy MacCharles, started to work on developing mandatory minimum standards for home inspectors to enhance consumer protection. To ensure the creation of comprehensive regulations, the Ministry has been working with home inspection associations, consumer advocates, and the real estate industry, including TREB and OREA.
Both TREB(Toronto Real Estate Board) and OREA (Ontario Real Estate Association) support the provincial government’s current efforts to require minimum standards for home inspectors. Specifically, TREB’s positions on this issue are as follows:
•Increase Transparency of the Profession
◦Home inspectors should be regulated. Specifically, they should be regulated by a self-regulated at arm’s length body/agency.
•Ensure a minimum standard of training
◦Home inspectors should be required to have a minimum level of training and/or education.
◦Home inspectors should be required to update their skills, knowledge and training through continuing education.
◦Home inspectors should be required to abide by a code of ethics mandated by the regulatory body.
•Improve consistency in home inspections
◦Home inspectors should be required to follow a standardized visual inspection checklist. This checklist should include basic home structures and systems.
•Enhance consumer protection
◦Home inspectors should be required to carry valid errors and omissions insurance.
For more information on the province’s consultation, please see the link below, http://www.ontariocanada.com/registry/view.do?postingId=14645&language=en
OREA’s support of the Minister of Consumer Services’ efforts to regulate the home inspection industry, http://www.orea.com/About/News-Releases/Press-Releases/January-27-2014