(8) The transaction involves the purchase, sale, investment in, exchange of, or extension of credit secured by, a loan or interest in a loan, pooled loans, or interests in real property, including mortgaged-backed securities, and each loan or interest in a loan, pooled loan, or real property interest met OCC regulatory requirements for appraisals at the time of origination (ii) There is no advancement of new monies, other than funds necessary to cover reasonable closing costs (i) There has been no obvious and material change in market conditions or physical aspects of the property that threatens the adequacy of the institution's real estate collateral protection after the transaction, even with the advancement of new monies or (7) The transaction involves an existing extension of credit at the lending institution, provided that: (6) A lease of real estate is entered into, unless the lease is the economic equivalent of a purchase or sale of the leased real estate (ii) Is not dependent on the sale of, or rental income derived from, real estate as the primary source of repayment (i) Has a transaction value of $1 million or less and (5) The transaction is a business loan that: (4) A lien on real estate has been taken for purposes other than the real estate's value (3) The transaction is not secured by real estate (2) A lien on real estate has been taken as collateral in an abundance of caution (1) The transaction is a residential real estate transaction that has a transaction value of $400,000 or less An appraisal performed by a State certified or licensed appraiser is required for all real estate-related financial transactions except those in which: Having to regularly renew the certification ensures that the evaluators are staying up to date on any new home health testing techniques.§ 34.43 Appraisals required transactions requiring a State certified or licensed appraiser. The individual must keep their BPI certification in addition to the Healthy Homes Evaluator Certification. Like many certifications, the Healthy Homes Evaluator Certification must be renewed every 3 years. How often does the Healthy Homes Evaluator Certification last? Voluntary training is available before an exam is taken to receive the certification. How do obtain the Healthy Homes Evaluator Certification?Ī Healthy Homes Evaluator must first hold one of the certifications listed about through the Building Performance Institute. Being proactive is always best when it comes to the health and safety of your home. In addition to getting peace of mind, studies show that regular healthy home assessments can help lessen safety hazards in your home in the future. Learn more about the importance of indoor air quality for your home. Some health and safety hazards that are tested for include, but are not limited to: If you choose to work with a certified Healthy Homes Evaluator, you receive peace of mind knowing your home is being evaluated for home health and safety hazards. What are the benefits of working with a Healthy Homes Evaluator? In order to obtain the Healthy Homes Evaluator certification, it is required that one of the following through Building Performance Institute Inc. Ecotelligent Homes performs an indoor air quality test with every energy audit we conduct. What is a Healthy Homes Evaluator?Ī Healthy Home Evaluator includes a healthy home analysis into a home performance assessment. in partnership with Green & Healthy Homes Initiative. The certification is through Building Performance Institute Inc. We are the only Metro Detroit energy auditor to have the Healthy Homes Evaluator Certification. Ecotelligent Homes is proud to be a Healthy Homes EvaluatorĮcotelligent Homes recently received their certification as a Healthy Homes Evaluator (HHE).
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