I recently received a letter from FMLS, the agency that sponsors lockbox keys in Georgia, stating that Inspectors and Appraisers (affiliate members) will have:
a) To pay $600.00 per year, paid quarterly to maintain their lockbox key.
b) Provide documentation for $1,000,000 general insurance
c) Contact the listing agent to gain special code to gain entry
d) Surrender their key for a download of all properties visited.
I find this suspect and inconvenient. This sounds like they are attempting to squeeze out as many inspectors as possible. While this is good for me since fewer competitors means more business, however I believe this is unrealistic and unfair.
This fee is yet another barrier imposed on those of us who sought a profession that provides a real objective service to real estate buyers.
My questions to the group:
- A professional license is not required in Georgia (this state doesn’t require a license to do many professions – such as contractors, for example, so don’t loose your hat). Would a professional license abate this requirement?
- Does NACHI have a PAC or a legal arm that we can contact to obtain an injunction against this requirement?
- Does this apply to Georgia or is this a universal thing from GE Supra Security skylarks?
- Is this an issue to bring up with our Governor’s office of consumer affairs, congressional and state representatives?
- Who do I contact for further information in NACHI?
If it is cheaper to for me to become an agent, please let me know, because if the real estate agents out there really want to compete with an certified NACHI home inspector AND an appraiser, fine! Bring IT ON, but I advise them to really consider their actions. If the annual cost of a regular Joe Realtor license renewal is under $200.00, then I’ll just become an agent.
What do you people think?