§ 61-24D-2. Definitions

As used in the Home Inspector Licensing Act: A. “ approved examination ” means a national home inspector licensing examination that has been third-party accredited as complying with the prevailing standards of the Standards for Educational and Psychological Testing and assesses an applicant's knowledge of: (1) roofing; (2) exterior; (3) interior; (4) structure; (5) electrical; (6) plumbing; (7) heating and cooling; (8) insulation; (9) fireplace and chimney; and (10) ethical business practices, professional standards and reports; B. “ board ” means the New Mexico home inspectors board; C. “ client ” means a person or an agent of the person who, through a written pre-inspection agreement, engages the services of a home inspector for the purpose of obtaining a report on the condition of residential real property; D. “ compensation ” means the payment for home inspection services pursuant to the written pre-inspection agreement; E. “ foreign home inspector ” means a home inspector who does not hold a license but who holds a current and valid home inspector license issued by another jurisdiction in the United States; F. “ home inspection ” means a noninvasive, nondestructive examination by a person of the interior and exterior components of a residential real property, including the property's structural components, foundation and roof, for the purposes of providing a professional written opinion regarding the site aspects and condition of the property and its carports, garages and reasonably accessible installed components. “ Home inspection ” includes the examination of the property's heating, cooling, plumbing and electrical systems, including the operational condition of the systems' controls that are normally operated by a property owner; G. “ home inspector ” means a person who performs home inspections for compensation; H. “ license ” means a home inspector license issued by the board in accordance with the Home Inspector Licensing Act; I. “ licensee ” means the holder of a license; J. “ pre-inspection agreement ” means the written agreement signed by the client and a home inspector by which a client engages the services of the home inspector and that sets forth at a minimum the following: (1) the amount of compensation due and payable to the home inspector for the home inspection and delivery of a report; (2) a list of all components and systems that will be inspected; and (3) the date by which the client will receive the report; K. “ report ” means a written opinion prepared by a home inspector pursuant to the terms of a pre-inspection agreement regarding the functional and physical condition of the residential real property as determined by a home inspection conducted by a home inspector; and L. “ residential real property ” means any real property or manufactured or modular home that is used for or intended to be used for residential purposes and that is a single-family dwelling, duplex, triplex, quadplex or unit, as “unit” is defined by the Condominium Act.