e070315 Renting from Real Estate Brokers

Identifier: e070315

Date: 03/15/2007

Question

We are considering renting office cubicle space from a licensed realty company. We would be the only inspection company in a full facilitized office. Is this a conflict of interest or possibly a violation of ethics or law?

Response

Renting office space from a real estate agency does not violate any specific provision of the Code of Ethics, unless the arrangement involves a quid pro quo agreement to refer the home inspector, or involves payment of more than fair market value for the space, indicating that such an arrangement likely exists. However the practice is not recommended, since it could appear to compromise professional independence, and the integrity of the inspection.  Also, with regard to the law, we suggest you consult with an attorney in your home state