"Inspection report" means an analysis, opinion or conclusion, regarding the condition of a structure, that is:
1. Provided after an inspection, in a written report, for or with the expectation of receiving compensation for the report; and
2. Designed to describe and identify the inspected systems or structural components of the structure, their physical condition, any material defect and any recommendation for evaluation by another person.
(Added to NRS by 1997, 1792)