Failure Rates of Home Inspectors
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Failure to Pass the Licensing Exam
- The National Home Inspector Exam (NHIE), required in many states, has a pass rate of 55-60% on the first attempt.
- This means that 40-45% of test-takers fail on their first try.
- Some states have their own exams with different pass rates, but NHIE is the most widely recognized.
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Failure to Stay in Business
- Around 50% of new home inspection businesses fail within the first 3-5 years.
- Reasons for failure include lack of clients, poor marketing, competition, or business mismanagement.
- Those who network well with realtors and provide detailed reports tend to succeed.
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Mistakes Leading to Lawsuits or Complaints
- While exact statistics vary, about 1 in 5 home inspectors (20%) will face a lawsuit or formal complaint at some point in their career.
- The most common reasons include missing major defects (foundation, roof, HVAC issues, water damage, mold, or termites).
- Errors & Omissions (E&O) insurance is crucial to cover legal expenses and avoid financial ruin.
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