"NEW SECTION.  Sec. 1   (1) The department of licensing shall conduct a study of the home inspector profession and make recommendations to the legislature as to whether the home inspector profession should be regulated for the purpose of protecting the public interest under the criteria set forth in RCW 18.118.010.
     (2) In conducting the study, the department shall consider the factors, to the extent appropriate, in RCW 18.118.030.
     (3) The department must hold public hearings as part of its study. The department must file notice of the hearings with the code reviser for publication in the Washington State Register. The notice must state that information is sought regarding possible regulation of the home inspector profession; and when, where, and how public members may present information about the home inspector profession and possible regulation. The department must request names of interested individuals and organizations from legislators and other identified interested parties and send these individuals and organizations copies of the notice filed with the code reviser.
     (4) The department shall submit a report detailing its findings and recommendations under this section to the appropriate legislative committees by December 1, 2007."