New Mexico Administrative Code
Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING
Chapter 66 - HOME INSPECTION LICENSING
Part 6 - CODE OF ETHICS
Section 16.66.6.9 - CONFLICTS OF INTEREST
Current through Register Vol. 35, No. 18, September 24, 2024
A licensee shall avoid conflicts of interest or activities that compromise, or appear to compromise, professional independence, objectivity, or inspection integrity. To that end, a licensee shall not:
A. Inspect a property for compensation in which the licensee has, or expects to have, a financial interest;
B. Inspect a property under a contingent arrangement whereby any compensation or future referral is dependent on reported findings or on the sale of the property;
C. Directly or indirectly compensate realty agents, or other parties having a financial interest in closing or settlement of real estate transactions, for the referral of inspections or for inclusion on a list of recommended inspectors, preferred providers, or similar arrangements;
D. Receive compensation for an inspection from more than one party unless the client consents in writing to the compensation arrangement;
E. Accept compensation, directly or indirectly, for recommending contractors, services, or products to clients or other parties having an interest in an inspected property; or
F. Perform, or offer to perform, for an additional fee any repair to a structure on which the home inspector or the home inspector's company has prepared a report at any time during the twelve months immediately prior to the repair or offer to repair.
