Residential Builder's Salesperson Practice Exam Questions With Complete Solutions
In a typical construction loan, the interest rate is locked for the entire term of the loan. correct answer: True Both company overhead and project overhead should be accounted for in a projects estimate. correct answer: True Salespeople shall not begin selling until they receive their license and pocket ID card. correct answer: True A material breach of contract is the most serious of contract breaches. correct answer: True If a sale was initiated and completed by a salesperson at a person's home, the customer has a right to cancel that contract within __________days. correct answer: 3 If a contract is negotiated on the premise of price per square foot of material installed, this would be a ____________ correct answer: Unit Price contract Costs that a contractor incurs such as administrative costs to service the project while under construction are called _________ correct answer: Company Overhead Company overhead can include correct answer: Office expenses, facility maintenance expense, electrical expenses
Written for
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- Michigan builders license
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- July 20, 2023
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residential builders salesperson practice exam qu
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