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When looking for a home inspection school please remember your home inspection education can only be as good as its home inspection instructors. If I wanted to become a home inspector I would look a home inspection education from a home inspection school providing instructors who have a minimum of five years on the job experience as a home inspector, who owns or has owned his or her own company and who have performed at least a thousand home inspections. New Jersey home inspection schools can be found at: NJ home inspection schools Can you realistically expect a first class home inspection education if your home inspection school's instructor has no first hand knowledge of how to perform a home inspection?
If a school says they can teach a new home inspector to CONSISTENTLY KEEP $500 or more a day five days a week, fifty weeks per year ask them for the names of a few former students making 1/2 that or better yet ask for a a written money back guarantee!
Home inspectors typically are paid a percentage of the home inspection fee. I have heard of home inspectors being paid anywhere from $60 to $175 per home inspection. Think about it for a second, can your boss pay you 100% of what he or she takes in? Who pays for the insurance, vehicle expenses, marketing expenses, postage, people who answer the phones, vacation time, etc. Each home inspection takes a good 5 hours of time when all the off site time is added up, if you doubt this click on Where does my time go and Where does my money go or try these free Excel versions you can plug your own numbers into moneygo.xls timego.xls.
Consider about 8,000,000 people live in New Jersey. If three people live in each home and if 5% of the homes are sold each year that would be about 133,333 sales per year. Lets guess and say about 120,000 home inspections occur. Right now there more than 620 licensed home inspectors plus some unlicensed ones. 120,000 / 620 = 194 home inspections per licensed home inspector. If an inspector charges $500 per inspection (many inspectors charge much less some charge more) and performs 194 home inspections that inspector would take in $ 97,000 per year, minus expenses that eat up at something like half the gross. Make sure your budget includes $16,000 +/- for keeping your state mandated $500,000 errors and omission claims made insurance coverage for at least four years after you stop inspecting homes.
Sure, you can make money as a home inspector. I do very well. However it takes years of time, investment and effort. It is not an easy way to make a million and there is no possible way it can not be learned in a few weeks or months time.
All information on this site is the personal opinion of Michael Del Greco. He does NOT represent the Home Inspection Advisory Committee, The Division of Consumer Affairs , Office of the Attorney General or any other State Agency.
New Jersey Home Inspector Licensing
Requirement List
A3983 amended Section 8 of P.L.1997, c.323 (C.45:8-68) to read
as follows:
To be eligible for licensure as a home inspector, an applicant
shall fulfill the following requirements:
a. Be of good moral character; and
b. Have successfully completed high school or its equivalent;
and
c. (1) Have successfully completed an approved course of study
of 180 hours, as prescribed by the board, after consultation with the State
Department of Education, which shall include not less than 40 hours of unpaid
field-based inspections in the presence of and under the direct supervision of a
licensed home inspector, which inspections shall be provided by the school
providing the approved course of study or
(2) Have performed not less than 250 fee-paid home inspections in the
presence of and under the direct supervision of a licensed home inspector who
oversees and takes full responsibility for the inspection and any report
produced; and
d. Have passed an examination administered or approved by the
committee. The examination may have been passed before the effective date of
this act.
6. Maintain an errors and omissions insurance
policy in the minimum amount of 500,000 per occurrence.
6. Fill out a home inspector application and pay the application fee as
set forth in N.J.A.C.
13:40-15.23($500.00)
Home inspectors in New Jersey
are regulated by the:
Office Of The Attorney General Department Of Law and Public Safety
Division Of Consumer Affairs Home Inspection Advisory Committee
124 Halsey Street, 3 rd floor; P.O. Box 4503, Newark NJ 07101
Phone (973) 504-6233 FAX: (973) 273-8020
* Please be advised that, effective mid 2005, the requirements
to become licensed as a home inspector under the grandfather provision have been
changed. In addition to amending the method by which persons can become
“grandfathered” as a licensed home inspector, this bill extends the deadline
by which a person may become licensed as a home inspector.
In order to become licensed as a home inspector under the
grandfather provision, an individual must:
11. During the first 180 days
after the enactment date of this amendatory and supplementary act, the committee
shall, upon application, issue a home inspector license to any person who at any
time prior to or during that 180-day period held a license as an associate home
inspector, provided that the applicant: (1) had been engaged in the practice of
home inspections for compensation for not less than three years prior to
December 30, 2005 and had performed not less than 300 home inspections for
compensation prior to December 30, 2005; or (1) had performed not less
than 400 home inspections for compensation prior to December 30, 2005.
b. During the first 180 days after the enactment date of this
amendatory and supplementary act, the committee shall, upon application, issue a
home inspector license to any individual: (1) whose application for an associate
home inspector license had been approved by the committee prior to December 30,
2005; or (2) who had satisfied the requirements set forth in section 9 of
P.L.1997, c.323 (C.45:8-69) and had completed not less than 40 hours of unpaid
field-based inspections in the presence of and under the direct supervision of a
licensed home inspector prior to December 30, 2005.
If you believe that you meet the new licensing requirements
for a home inspector’s license pursuant to the grandfather provision
referenced above, you may obtain a licensure application by downloading it from
the Board’s Website at www.state.nj.us/lps/ca/nonmed.htm#eng8
or by calling the Committee office at 973-504-6233.
Finally, while you are not currently required to be
licensed as a home inspector to perform home inspections, licensure will be
required effective December 30, 2005.
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