As reported earlier this month by the Edmonton Journal, the Provincial government has passed some much-anticipated new rules affecting home inspections in Alberta.
Under the Home Inspection Business Regulation, Home Inspectors must:
- meet minimum qualification and education standards in order to be licensed by the province (those who already hold a Registered Home Inspector or Certified Master Inspector certificate are pre-qualified)
- carry $1 million in “errors and omissions” insurance
- post a $10,000 security fee in case of negligence or incompetence
Home Inspectors who don’t meet these requirements can apply a conditional licence, which expires in March 2013.
In addition, the new regulations put an end to contracts that limit…