Exam (elaborations)
Michigan Residential Builder Licensing Exam 2024
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- Michigan Residential Builder Licensing Exam 2024
Michigan Residential Builder Licensing Exam 2024
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Michigan Residential Builder LicensingExam 2024
M&A contractors include: - -A = Carpentry
B = Concrete
D = Excavation
G = Insulation Work
I = Masonry
J = Painting & Decorating
K = Siding
M = Roofing
-If more than one office is used for work, the branch office must be
__________ - -Licensed
-The one who obtains the residential builder's license is called a
_____________ ____________ - -Qualifying Officer
-First Offense for practicing without a license - -Misdemeanor fine of $5,000
- $25,000
or prison for not more than 1 year, or both.
-Second offense for practicing without a license - -Misdemeanor fine of
$5,000 - $25,000
or prison for not more than 2 years, or both.
-Death or serious injury - -Felony fine of $5,000 - $25,000 or prison for not
more than 4 years, or both.
-Define a Residential Builder - -A person or entity who is involved in the
construction of a residential structure or a combination residential and
commercial structure.
-Define M&A contractor - -Person who for a fixed sum/price other than
wages for personal labor for the repair, alteration, or addition/improvement
to residential/commercial or residential structure.
-Salesperson - -employee of agent other than a qualifying officer who sells
business for the contractor.
-who reissues licenses for salespeople? - -LARA (The Department)
-Which types of trade work require a different type of license other than the
resi license? - -Plumbing, Electrical, and Mechanical.
, -Who issues the license? - -LARA
-How is the director of LARA appointed? - -by the governor
-What types of people make up the Board of Residential Builders? - -4
Licensed residential builders
2 M&A contractors
3 members of the public
-What are the duties of the board of residential builders? (4) - -1.
Interpretation of a license requirement
2. Aid in investigations
3. Set acceptable practice standards
4. Assess penalties for those who are licensed and are in violation of rules
-What happens if the qualifying officer's license is revoked? - -The entity's
license is revoked as well.
-How can a foreign entity get a license? - -Only if authorized by the
Corporations and Securities Commission.
-Non residents must file this to be considered for a license. - -An Irrevocable
consent to service of process
-T or F, Builders must maintain a place of business in the state they operate
in. - -True
-T of F, Contractors must maintain an accurate set of books/records open to
inspection by the department (LARA). - -True
-If the department inquires, licensees must submit ___________ _____________
___________ showing licensee's current financial status, and must do so within
30 days of inquiry. - -sworn financial statements
-T or F, Advertising must not misrepresent material facts. - -True
-Licensee shall include ____________, _______________, and ________________ in
all advertising - -name, license number, and actual business address
-Is it legal to pay money or give gifts to customers in exchange for the use
of their home as a model for potential clients? - -No.
-All agreements between builders and customers should be in writing and
signed. (T or F). All changes require ___________ ____________ added to the
contract. - -True, change orders
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