After completing a home inspection, a home inspector shall submit a written report to a client that does all of the following:
(a) Lists the items described in s. SPS 131.32 that a home inspector is required to inspect.
(b) Lists the items described in s. SPS 131.32 that a home inspector has inspected.
(c) Describes the condition of any item identified in s. SPS131.32.
(d) Describes any defect that is detected by the home inspector identified in s. SPS 131.32 that, if not repaired, will have significant adverse effect on the life expectancy of the identified item.
(e) Lists any material adverse facts that a home inspector has knowledge of or has observed.
2. A home inspector is NOT REQUIRED to report on any of the following aspects of items identified in s. SPS 131.32:
(a) Their life expectancy.
(b) The reason for the necessity of a major repair.
(c) The method of making any repair or correction, the materials needed for any repair or correction, or the cost of any repair or correction.
(d) The suitability for any specialized use of an improvement to residential real property.
(e) Whether they comply with applicable regulatory requirements.
(2m) A home inspector is not required to use the term “defect” in describing a defect in the written home inspection report described in this section.
(3) A home inspector may not report in writing or verbally on any of the following:
(a) The market value or marketability of a property.
(b) Whether a property should be purchased.
(3m) A home inspector may not use the term “defect” in the written home inspection report described in this section unless that use is consistent with s. SPS 131.02.
(4) A home inspector is not required to retain inspectors or
investigators to perform follow−up inspections or investigations of any material adverse facts that a home inspector has knowledge of or has observed under sub. (1) (d). History: Cr. Register, July, 1999, No. 523, eff. 8−1−99; correction in (1) (a), (b), (c), (d), (2) (intro.) made under s. 13.92 (4) (b) 7., Stats., Register November 2011 No. 671; CR 14−010: renum. 131.33 from SPS 134.04 and am. (1) (a), (b) Register August 2014 No. 704, eff. 9−1−14; corrections in (1) (c), (d), (2) (intro.) made under s. 13.92 (4) (b) 7., Stats., Register August 2014 No. 704; EmR1822: emerg. am. (1) (d), cr. (2m), (3m) eff. 9−23−18; CR 18−076: am. (1) (d), cr. (2m), (3m) Register May 2019 No. 761, eff. 6−1−19.