Michigan builders law - Study guides, Class notes & Summaries

What is the first offense penalty for engaging in the practice of residential building without a license? Not less than $5,000 and not more than $25,000 and/or one year in prison. Subsequent violations can extend the prison time to up to 2 years. What is the penalty for engaging in the practice of residential builders license, resulting in a death? Not less than $5,000 and not more than $25,000 and/or four years in prison On your individual builder's license application, what sh...

A.) 18 months after completion, occupancy or purchase, whichever occurs latest - ️️Per the occupational code, the builder is liable for his construction project up to A.) 18 months after completion, occupancy or purchase, whichever occurs latest B.) The final inspection C.) 1 year after the Certificate of Occupancy is issued D.) After final payment D.) Commingling - ️️Combining money from several jobs to finish an existing job is an example of A.) Money transfer B.) ...

Michigan Builders Business/Law/Accounting | Questions and Correct Answers | Latest Update 2024/2025 Verification Form I-9 must be completed by applicants providing proof of identity and employment eligibility within ______ of employment. - Answer -3 days What type of business is the easiest to establish and allows the owner to determine how profits are used although they are personally liable for all debt and assets? - Answer -Sole Proprietorship A ______is a joint co-owner partnership...

Michigan Builders Business/Law/Accounting – Q&A

builders license michigan 2024 latest exam with 100% correct answers penalty for engaging in practice of residential building without a license? - CORRECT ANSWER-not less than $5000 and not more than $25,000 and/ or one year whats the penalty for engaging in the practice of residential builders license resulting in a death? - CORRECT ANSWER-not less than $5000 and not more than $25000 and/or 4 years on individual builders license application what should you write as your business ad...

Michigan Builders Business/Law/Accounting Exam |Questions and answers with 100% correct solutions | Graded A+

Michigan Builders 2024 License Test – All Questions & Answers (100% Correct) Michigan Builders 2024 License Test – All Questions & Answers (100% Correct) penalty for engaging in practice of residential building without a license? - ANSWER - not less than $5000 and not more than $25,000 and/ or one year whats the penalty for engaging in the practice of residential builders license resulting in a death? - ANSWER - not less than $5000 and not more than $25000 and/or 4 years on individ...

Michigan Builders License Exam Study Guide Questions With Answers What is the first offense penalty for engaging in the practice of residential building without a license? - ANS Not less than $5,000 and not more than $25,000 and/or one year in prison. Subsequent violations can extend the prison time to up to 2 years. What is the penalty for engaging in the practice of residential builders license, resulting in a death? - ANS Not less than $5,000 and not more than $25,000 and/or four...