Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES, Florida Waterfront and Country Club Living (Tropic Shores Realty - Ich spreche Deutsch!)

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Rainmaker
2,943,544
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Here in NH the buyer does not have to give the seller the inspection report. It Could be a privacy issue.  Most buyers will say they paid for it. A good listing agent already goes through a home when they list it. As a buyer agent, i want my own inspection, i would not trust anything from any one else. 

Feb 20, 2018 05:13 AM
Rainmaker
3,049,971
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

I heard about that - it was announced at Keller Williams annual conference - which we did not attend.  More reading needed to think things through.  In AZ at least the contract stipulates that Buyers must share copies of the inspection reports with the Seller.

Feb 20, 2018 04:46 AM
Ambassador
3,191,083
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Privacy would be a concern for me as well, Silvia. It will change the dynamics of others who bring their buyers to this firm's agents.

I'm sure the other brokerages will encourage their buyers agents to encourage their buyers NOT to share inspection reports with anyone from that particular brokerage.

OR, they will have a new clause in the Contract that states that the seller is not permitted to share the transactional documents (including inspections) with anyone else. 

I'm curious what NAR has to say about this. 

Feb 20, 2018 05:27 AM
Rainer
223,242
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

I know inspections here are the buyers. This makes me wonder about dual agency repercussions, initially. Then, I thought about how the known issues of a property would be available and if sellers would update the Property Disclosures. Our Board removed Property Disclosures for closed properties about five years ago. I hate it because it makes it tough to know what has affected a property in the past, now 

Feb 20, 2018 04:55 AM
Ambassador
2,344,789
Fred Griffin presently on Leave of Absence
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

      A group of real estate agents who have no legal relationship with a property owner, are going to release "previous" inspection reports on that property, to the general public.

     Lawyers are going to enjoy this. 

Feb 20, 2018 06:17 AM
Rainmaker
2,979,402
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

This will be interesting to see, as in fact, inspection reports are the property of the buyer who paid for one... and it would require permission to release them. And frankly, I'm not sure what added value there is to having these inspection reports... too many variations on quality of inspectors and appraisers don't get into inspection issues when valuing a home. 

Feb 20, 2018 05:13 AM
Rainmaker
4,796,551
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I doubt this will have any special effect on either their market position or accuracy of their CRM's

Feb 20, 2018 05:00 AM
Ambassador
1,613,619
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Sounds clever and looks like it is more marketing than anything else. Privacy would be the first problem I would think of.

Feb 20, 2018 04:45 AM
Rainmaker
1,507,415
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

This is obviously being suggested by someone who does not know real estate. Why would buyers release their inspections? How would that make for a better CRM? 

Agents pool their data now, it's the MLS or RPR!

Feb 20, 2018 05:57 AM
Rainmaker
3,172,300
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

An insoection is the opinion of the inspector and often incorrectl So sharing that brings up all kinds of issues. And, the franchise has your CRM if you leave and you, do not!

Feb 20, 2018 05:55 AM
Rainmaker
417,716
Greg Cremia
Shore Realty of the Outer Banks - Nags Head, NC

So a listing agent will have to go through the history of a house they are listing to see if there are any defects in a previous home inspection and verify whether these defects were remidied or risk not disclosing something they should have known. The same goes for a buyers agent.

Feb 20, 2018 05:26 AM
Ambassador
3,045,245
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

Inspection reports belong to the buyers who order and pay for them. I have to get their permission in writing for me to use it. Not our whole company...

Feb 20, 2018 12:19 PM
Rainmaker
1,026,222
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

My brokerage offers a CRM to the agents, but is not shared with anyone else.  Your account is not shared with anyone else in the office/company.

Feb 20, 2018 10:31 AM
Rainmaker
693,542
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Data sharing? I wonder what type of data... Inspection reports and such? I see..... Owned by thirds parties? But shareable? Swell, more lawsuits on the horizon - we'll be targets. Lets read the fine print in home inspection reports.... the report becomes moot when used by third parties.

I did see the KW article, but did not read it.... There's a lot of competition among the large national brand name franchisors and there are some ideas or gimmicks being floated around to do agent recruiting or retention as many agents are leaving the big names to create their own brokerages or join a team.

Arizona has seen the largest exodus of agents from the major brand name franchisors.

Interesting.

Feb 20, 2018 08:01 AM
Rainmaker
4,873,359
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

sounds like this could be one very slippery slope....

Feb 20, 2018 08:00 AM
Rainer
149,606
Michael Thacker - Re/Max Real Estate Center - Louisville
Re/Max Real Estate Center - The Thacker Group - Louisville, KY
Your best friend who just happens to be a Realtor

I don't share my clients information with others. I wonder if that would be legal anyway, unless you had a signed document saying a clients information would be "shared"?

 

Feb 20, 2018 07:44 AM
Rainmaker
999,596
Corinne Guest
Corinne Guest, REALTOR® | Barrington Realty Company - Barrington, IL
Barrington Lifestyles

I tell me buyers to never hand over inspection reports. If I ever found an agent doing this under my hat, they would be shown the door. BAD BAD BAD idea.

Feb 20, 2018 07:21 AM
Rainmaker
4,318,900
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Silvia...

Privacy?  How many agents do you know than can keep their lips zipped?  And how the heck does that differentiate agents as local experts....more blah, blah, blah, and poor very poor marketing!  A

Feb 20, 2018 06:54 AM
Rainmaker
1,367,327
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES I don't see what utility this has other than showing probable repairs that were needed. Are they also going to release the Addendum showing the repairs were made? Without it, the report to me has no value.

Feb 20, 2018 06:17 AM
Rainmaker
724,785
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Sharing listings and reports (with consents) is okay, but I would not share prospect/buyer/seller contact info as it would be "stolen" most likely, or sold to other agents as leads.

Feb 20, 2018 05:59 AM
Rainmaker
4,023,847
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

That does not sound good! 

Feb 22, 2018 02:06 PM
Ambassador
4,063,334
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

I am sure that there will be documents for the owners of these reports to sign.

Feb 20, 2018 09:23 PM
Ambassador
4,298,246
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES - and I thought home inspection reports are 'private' property of the buyers. Why should it be shared?

Feb 20, 2018 09:03 PM
Ambassador
3,981,962
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Many agents never see their clients reports so I can see that sharing this information my not be in the best interest of clients and could result in problems later.

Feb 20, 2018 07:24 PM
Rainmaker
3,765,828
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

On inspections reports here in Austin inspectors write on the report that this inspection is not to be shared. I can't imagine who came up with this idea that is infringing on the rights of buyers (In Austin) who pay for the reports. Terrible idea!

Feb 20, 2018 06:59 PM
Rainmaker
608,406
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Raleigh - Cary Triangle Real Estate 919-602-8489

I just returned from that conference. I'm not sure about that specific quote. I know there was mention of home inspectors who use particular software programs owned by third parties is basically sharing the data on that property with the owner of the software. The owner of the software is data mining. There was also mention of a company who owns a particular appraisal software who is also collecting data on homes. There are many 3rd party companies out there who are collecting data on homeowners. I'm guessing every Real Estate agent is using one or more of those companies not realizing it. It's a bit scary. KW is creating a platform which allows agents to own their data and prevents homeowners data from being "mined" or collected by third parties. There's so much more to it.  

Feb 20, 2018 06:48 PM
Rainmaker
3,977,717
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I wold worry that my possible clients may be sent to other agents.

Feb 20, 2018 04:35 PM
Rainmaker
730,490
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Lots of potential issues in my opinion. sound sa lame self serving attempt to bs the public.

Feb 20, 2018 11:21 AM
Rainmaker
443,466
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Sounds like a legal battle looking to happen.

Feb 20, 2018 09:29 AM
Rainmaker
1,818,046
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Change is constant

Feb 20, 2018 08:35 AM
Rainmaker
1,212,209
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Ok, let's look at this.  You review 10 inspection reports from a variety of inspectors, some worth their weight in gold... some just came from a Tide Pod buffet.  The best you can hope for is "homes tend to have issues with X".  You have no idea if the issues are related to builder defects, homeowner use or what.  You also have no way of knowing if it's been repaired or not.

 

Now, as to the legality of someone else seeing the report the buyer paid for, I'm sure some shrewd agent will bring a class action lawsuit the first time this impacts them.

Feb 20, 2018 08:31 AM
Rainer
199,815
Macy Babb ... North Georgia Realtor
Re/Max Around Atlanta Realtor - 404-234-6166 - Cartersville, GA
Realtor, SFR, HUD/REO Certified

I cannot count how many inspection reports I have seen with inaccurate information on and now they want to share it with agents with no knowelege of the entire deal... this seems like a "smart" thing to do... and thats without even considering privavcy issues.... or that a large company tinks they have "rights" to my client base

Feb 20, 2018 08:22 AM
Rainmaker
2,765,118
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Privacy Issues. Breach of Confidentiality. This will be a field law for the legal profession.  

Feb 20, 2018 08:18 AM
Rainmaker
5,266,230
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Home inspection reports should not be shared. 

Feb 20, 2018 06:56 AM
Rainmaker
912,017
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Greag Hague and The Plan To Save Real Estate has actually taken this a huge step further: Check It Out!

Coming March 5... The Ultimate Homebuyer Advantage

Feb 20, 2018 05:55 AM
Rainmaker
744,492
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

You do not identify the the brokerage.

 

Feb 20, 2018 05:06 AM