Application for Fee or Roster Personnel (Appraisers and Inspectors) Designation and Appraisal Report Forms

CAUTION—Your Action is Required Soon
OMB Approval No: 2502­
- 0538
(exp. 05/31/2014)

U.S. Department of Housing
and Urban Development
Federal Housing Administration (FHA)

For Your Protection:
Get a Home Inspection
You must make a choice on getting a Home Inspection. It is not done automatically.
You have the right to examine carefully your potential new home with a professional home inspector. But a home inspection is
not required by law, and will occur only if you ask for one and make the arrangements. You may schedule the inspection for
before or after signing your contract. You may be able to negotiate with the seller to make the contract contingent on the results
of the inspection. For this reason, it is usually in your best interest to conduct your home inspection as soon as possible i f you
want one. In a home inspection, a professional home inspector takes an in-depth, unbiased look at your potential new home to:
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Evaluate the physical condition: structure, construction, and mechanical systems;
Identify items that need to be repaired and
Estimate the remaining useful life of the major systems, equipment, structure, and finishes.

The Appraisal is NOT a Home Inspection and does not replace an inspection.
An appraisal estimates the market value of the home to protect the lender. An apprais al does not examine or evaluate the
condition of the home to protect the homebuyer. An appraisal only makes sure that that the home meets FHA and/or your lender’s
minimum property standards. A home inspection provides much more detail.

FHA and Lenders may not Guarantee the Condition of your Potential New Home
If you find problems with your new home after closing, neither FHA nor your lender may give or lend you money for repairs.
Additionally, neither FHA nor your lender may buy the home back from you. Ask a qualified home inspector to inspect your
potential new home and give you the information you need to make a wise decision.

Your Home Inspector may test for Radon, Health/Safety, and Energy Efficiency
EPA, HUD and DOE recommend that houses be tested and inspected for radon, health and safety, and energy efficiency,
respectively. Specific tests are available to you. You may ask about tests with your home inspector, in addition to the structural
and mechanical systems inspection. For more information: Radon -- call 1-800-SOS-Radon; Health and Safety – see the HUD
Healthy Homes Program at www.HUD.gov; Energy Efficiency -- see the DOE EnergyStar Program at www.energystar.gov.

Selecting a Trained Professional Home Inspector
Seek referrals from friends, neighbors, other buyers, realtors, as well as local listings from licensing authorities and loca l
advertisements. In addition, consult the American Society of Home Inspectors (ASHI) on the web at: www.ashi.org or by
telephone at: 1-800-743-2744.

I / We (circle one) have read this document and understand that if I/we wish to get a home inspection, it is best do so as soon as
possible. The appraisal is not a home inspection. I/we will make a voluntary choice whether to get a home inspection. A home
inspection will be done only if I/we ask for one and schedule it. Your lender may not perform a home inspection and neither FHA nor
your lender may guarantee the condition of the home. Health and safety tests can be included in the home inspection if I/we choose.

________________________________/__/___
(Signed) Homebuyer

Date

_______________________________/__/____
(Signed) Homebuyer

Date

Public reporting burden for this collection is estimated at an average of 30 minutes to review the instructions, find the information, and complete this form. This agency cannot conduct or sponsor a collection of
information unless a valid OMB number is displayed. You are not required to respond to a collection of information if this number is not displayed. Valid OMB numbers can be located on the OMB Internet page at
http://www.whitehouse.gov/library/omb/OMBINVC.html ­ HUD If desired you can call 1­800­827­1000 to get information on where to send comments or suggestions about this form.

HUD-92564-CN (expiration)