Axium Inspections owner Wade Williamson checks a window in a 107-year-old Denver home. (Cyrus McCrimmon, Denver Post file photo)A bill that would have required licenses for Colorado home inspectors — the only piece of the home-buying process not regulated in some way — was narrowly defeated in a state Senate committee Wednesday.The 5-4 vote by the Senate Business, Labor and Technology committee came despite repeated references to the alleged sexual assault of a 14-year-old girl by a home inspector last year.The senators also heard testimony in favor of the regulation from home-inspection associations that certify practitioners, from real estate brokers who work with them, and a state agency that recommended the oversight.”They are the only party in a real-estate transaction that is unregulated and given unfettered access to a person’s home,” said Ed Hardey, chairman of the Aurora Association of Realtors. “There are no requirements to be one. If you can print a business card, you can be a home inspector, no matter your prison record.”Senators said the “free market” could better regulate home inspectors than the state.”There’s only been one criminal prosecution,” committee chairman Sen. David Balmer, R-Centennial, said. “The free market is already regulating home inspectors and I think can continue to regulate them.”Sen. Nancy Todd, D-Aurora, sponsored SB-140 following a three-year process that included an official advance review by the Colorado Department of Regulatory Agencies.”The evidence of harm identified during the course of research for this sunrise review demonstrates financial, emotional and physical harm to consumers in Colorado,” the 22-page DORA report concludes.The bill would have required home inspectors to pass an exam, criminal background checks and complete continuing education. They would have answered to a seven-member board made up largely of other inspectors.It is unclear how many home inspectors work in Colorado today, though the nation’s three primary certification associations say it’s at least 800 and as many as 1,000.More than 96,000 homes were sold in Colorado in 2013, of which as many as 88 percent likely had a home inspection done.The weight of a home inspection in a real estate … – Click Here To Visit Article Source