Exam (elaborations)
MN Contractor Licensing Exam (1)
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- NC Commercial Contractor
- Institution
- NC Commercial Contractor
MN Contractor Licensing Exam (1)
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MN Contractor Licensing ExamThe statement is false. You must fire contact the Minnesota secretary of state when filing for an
assumed name. - ANS-A contractor must first contact the department of Commerce when filing
for an assumed name? True or False?
The statement is false. You must notify the commissioner of any change in personal name,
trade name of business entity, or business location no later than 15 days after the change. -
ANS-A contractor must notify the Commissioner of any change in personal name, trade name or
business entity, or business location no later than 30 days after the change. True or false?
The statement is true - ANS-Within a written contract, words take priority over numbers. True or
false?
The statement is false. When building a new home or remodeling, the prime contractor is
working for the owner; all subcontractors are working under the direction of the prime contractor.
- ANS-When building a new home or remodeling, the prime contractor and all subcontractors
work under the direction of the property owner. True or false?
The statement is true. All Non Licensed independent contractors are required to be registered
with the DLI - ANS-Non-Licensed independent contractors are required to be registered with the
DLI? True or false?
The statement is true. - ANS-General liability insurance limits should be at least $100,000 per
occurrence and $300,000 aggregate limit for bodily injury. True or false?
The statement is false. The maxiumum recovery for the building contractor recovery fund is
$150,000 per licensee. - ANS-The maximum recovery for the Contractor Recovery Fund is
$300,000 per licensee. True or false?
The statement is false. Timely renewal for your license is every other year on march 1. -
ANS-Timely renewed for a license is every other year on march 31. True or false?
The statement is false. A licensed residential remodeler can remodel and do roofing, but cannot
pull permits for a new home, unless it is for own personal residence. - ANS-One of the benefits
of being a licensed residential remodeler is that a remodeler an also build new homes. True or
false?
The statement is true. - ANS-The Construction Codes and Licensing of the DLI publishes a free
quarterly newsletter called the CCLD Review. True or False?
, The statement is false. Whoever performs engineering or land surveying, or contributes labor,
skills, materials, or machinery for improvements to the real estate, shall have a lien upon the
land on which the improvement is located. - ANS-Any person or company providing a service for
the owner or contractor is eligible to file a lien against the property. True or false?
The statement is true. - ANS-Lien rights attach when the first item is furnished. True or false?
The statement is false. Contracts must include notice of lien rights within the contract and they
must be 10 point and bold type. - ANS-A lien notice is assumed for any work provided on a
property. True or false?
The statement is true. - ANS-Liens expire 120 days after the last item is furnished, unless the
lien is filed and the owner notified. True or false?
The statement is true. - ANS-The owner has 15 days after completion of work to request
information from all that submitted a properly filed notice. True or false?
The statement is false. The warranty commences when the building official has signed the
certificate of occupancy. - ANS-The warranty commences when the building is filed. True or
false?
The statement is false. The contractor is responsible for making any repairs to any claim made
by the home owner for up to two years. The contractors contract with the sub contractor may
require that the subcontractor stand behind the work for two years, but the contract and
warranty is between the owner and the prime contractor. - ANS-Subcontractors are responsible
for making repairs to any claim made by the homeowner for up to two years. True or false?
The statement is true. - ANS-Mold inside a wall cavity is considered a structural defect and
covered under the 10 year warranty. True or false?
The statement is false. Terms of the warranty are included in Minnesota law and the warranty
terms are required to be in your contract. - ANS-Terms of the warranty are included in
Minnesota law; therefore, the warranty terms are not required to be in your contract. True or
false?
The statement is true. - ANS-When there is warranty claim, you can use the NOR law and the
ENE process. True or false?
It is the process of analyzing each task to control time and costs. - ANS-What is project
management?
The statement is false. There is federal minimum wage, and some states, like Minnesota, have
a state minimum wage. - ANS-The minimum wage is established by the federal government and
can only be changed by the federal government. True or false?
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