N.M. Admin. Code § 16.66.6.9
Current through Register Vol. 35, No. 23, December 10, 2024
Section 16.66.6.9 - CONFLICTS OF INTEREST 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; orF. 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.N.M. Admin. Code § 16.66.6.9
Adopted by New Mexico Register, Volume XXXI, Issue 23, December 15, 2020, eff. 1/15/2021