Good post.
If I was marketing it that would be a cornerstone concept I would use. Heck it’s a cheap insurance policy using an INACHI Inspector. The more I talk about it the more I wonder about actually offering it. 
Nick,
I have not read the program plan but does the Inspector have to put in the $5 for every inspection they do? In the past 2 years easily 85%+ of my work has been new home phase construction including the finals. Obviously a new home owner won’t want this since they are usually happy with the house when I get done inspecting and the builder fixes their issues. Besides it’s their “Dream Home” and they’re more willing to live with it. So can an Inspector participate and still only kick in the $5 for the existing homes they inspect?
Lol, me too brother. I don’t see a down side at all as long as you are upfront about everything
There are no exceptions.
Should be a good tax write-off.
Glad to see you finally did the math on this one Bill. Pure genius on his part. Just raking it in on the newbie inspector.
Well look who the cat drug in…:mrgreen:
Indeed. I would be very surprised.
I did the math too: https://www.nachi.org/buy-formula.htm
If you “did the math” and have determined that $5 is too expensive, you can use my masons jar system to pocket the $5 yourself: Each time you do an inspection, put $5 in a masons jar. Use the money in your masons jar to pay for all your printed marketing pieces that you would have gotten for free if you participated in InterNACHI’s program. If you ever get a client who is upset about your inspection or simply wants out, use the rest of the $5 bills in your masons jar to buy their house back. After you buy their house back with the remaining $5 bills in your masons jar, you can keep any $5 bills leftover.
Lol, thats actually pretty funny.
. Thanks. I try to be entertaining when Bushart is in town. He has a good sense of humor.
Admit it. You miss Jim. 
Very much.
Come back JB.
As do I and many other members here.
Jim was the very first Member here to give me the time of day over 10 years ago!
I would imagine if I bought a shhhhhthole in Florida like the ones shown, and it only cost me $4800 of so to get out of the deal it would be fine.
Now then 6% of a $300k home is a few more shekels and no one is going to do it. I imagine someone indeed has a very big Mason Jar overflowing with Five Dollar Bills.
I would offer this program myself if I was not so terribly busy with MIC Inspections.
Yep. They are all tools and InterNACHI releases more and more of them. Not necessary to use all of them at once.
At one point in time I worked for a large volume home builder (over say 3,000 houses a year). It was amazing how many NEW home buyers got in and 2-4 months later had buyers remorse … didn’t like the neighborhood; hated the neighbors; heavy traffic made it too far from work OR school; wished they’d bought on the south side of town vs the north side; their kids didn’t like the school; they didn’t like something about the floorplan, etc, etc.
SO … even brand spanking new home buyers can be whiny babies wanting OUT. Therefore Nicks program can work for pre-owned AND new homes.
Across Ontario the typical commission is 5%. This is split 50-50 between the buying and selling agent.
If the agent is not the broker, they have to pay the broker between 15% and 35% of their commission and this arrangement is a fixed contract between broker and agent.
The agent also has to pay for office space rental, phones, fax use, printer paper (sometimes toilet paper) etc and this is on top of their commision split.
The broker of record has to pay the regional branch of the Realtor (e.g. Provincial office of Royal le Page, Re/Max, Coldwell Banker), and they may have to pay the area branch )e.g. Eastern, Central, Prairies, Western) and they have to pay the country (Canada) and where it is an international concern they may have to pay the international office. In Real-estate it’s called franchising. Anywhere else it would be called a pyramid scheme.
Anyway, the upshot is, typical commissions are 5% so the “The home must be listed with a real estate agent licensed in the jurisdiction where the home is located with a commission of no less than 6% split between listing and buyer brokers” blows out the Buy-back guarantee here in the majority of the cases in Ontario. FYI
It does however leave the door open for Inspectors to suggest to Realtors that if the Inspector uses the Buy-back program, then the Realtor could up their commissions to 6% gaining an extra valuable income from the sale of the property if they use the Inspector with the buy-back guarantee.
No conflict of interest there eh!!?? :twisted: