Darryl August: Institute of Building Surveyors' President says stricter regulation of building reports is needed

A call for stricter regulation of building reports to address major discrepancies that could be affecting buyer decisions. The industry’s finding the quality of the $1000 reports vary, with some overstating minor issues and spooking potential buyers. One real estate agent has told OneRoof he's seen 11 inspection reports for a single property — each with a different opinion. Institute of Building Surveyors' President Darryl August told Mike Hosking the New Zealand standard for pre-purchase inspections should be looked at too. “That’s almost 20 years old, and in my opinion, probably needs an update. It excludes things like rental property tenancy inspections.” LISTEN ABOVESee omnystudio.com/listener for privacy information.