Mhic exam a 2024 - Study guides, Class notes & Summaries

Test Exam for MHIC 2024 Updated & Tested Questions and Answers What parties must sign a Home Improvement contract? - CORRECT ANSWERHomeowner and Contractor How many members are in the Commission? - CORRECT ANSWER-9 Where is the office of the Commission located? - CORRECT ANSWER-Baltimore City Who is responsible for the operations of the Commission? - CORRECT ANSWERExecutive Director What is the best method to give an estimate? - CORRECT ANSWER-The Quantity take off method How many Co...

MHIC EXAM COMPLETE FINAL STUDY GUIDE 2024 How many licenses are there? - CORRECT ANSWER-2 Contractor and Sub-Contractor Who can request a Mechanics Lien? - CORRECT ANSWER-Contractor or SubContractor How many days do you have to issue a Mechanics Lien - CORRECT ANSWER-180 Days How many days do you have to issue a notice of a Mechanics Lien? - CORRECT ANSWER-120 days What is the % of value must the property have before you are eligible to issue a ML? - CORRECT ANSWER-15% How many day...

MHIC NASCLA CONTRACTORS EXAM WITH CORRECT ANSWERS GRADED A+ Latest Update 2024

MHIC NASCLA CONTRACTORS EXAM REVIEW 2024 with Verified Solutions Yes - Answer -Does home improvement include work done on an individual condominium unit? Yes - Answer -Does home improvement include work done on a swimming pool? Yes - Answer -Does a home improvement contract HAVE to be in writing in order to preserve your lien rights? Subcontractors - Answer -Contractors who can only contract with a contractor or a subcontractor are: Cannot - Answer -A county or municipality in Maryland __...

MHIC EXAM COMPLETE FINAL STUDY GUIDE 2024 How many licenses are there? - CORRECT ANSWER-2 Contractor and Sub-Contractor Who can request a Mechanics Lien? - CORRECT ANSWER-Contractor or SubContractor How many days do you have to issue a Mechanics Lien - CORRECT ANSWER-180 Days How many days do you have to issue a notice of a Mechanics Lien? - CORRECT ANSWER-120 days What is the % of value must the property have before you are eligible to issue a ML? - CORRECT ANSWER-15% How many day...

MHIC NASCLA CONTRACTORS EXAM REVIEW PRACTICE QUESTIONS 2024. Yes - correct answer Does home improvement include work done on an individual condominium unit? Yes - correct answer Does home improvement include work done on a swimming pool? Yes - correct answer Does a home improvement contract HAVE to be in writing in order to preserve your lien rights? Subcontractors - correct answer Contractors who can only contract with a contractor or a subcontractor are: Cannot - correct answer A ...

MHIC Study Guide Final Exam 2024 A contractor must pay ________ to the gauaranty fund? - CORRECT ANSWER-10% Unlicensed contractor homeowner receives how much for work - CORRECT ANSWERNothing because unlicensed Filing a complaint is a way to receive compensation for a homeowner - CORRECT ANSWER-False Gauaranty fund exceeds 100,000 commission will do what - CORRECT ANSWER-Pro rate the claims so claimant receives the same amount Renew for sales person - CORRECT ANSWER-$100 Contractor has...

MHIC Practice Exam Questions and Answers 2024 A Home Improvement Contractor is a person who offers to - CORRECT ANSWERperform repairs for a homeowner. What is the MAXIMUM deposit permitted for a project with a total contract price of $1,500? a) $150 b) $500 c) $750 d) $1,500 - CORRECT ANSWER-$500 What is the MAXIMUM amount that a home improvement contractor may pay to a homeowner for referring a client to the contractor? - CORRECT ANSWER-The contractor is NOT permitted to compens...

MHIC Exam 2024 with complete solutions What is the passing score for the MHIC license? - ANS ️️ 70% If you are conducting home improvement without a license on the first offense, what is the penalty? - ANS ️️ $1000 fine, and not exceeding 6 months of prison. If you are conducting home improvement without a license on the first offense, what is the penalty? - ANS ️️ $1.000 fine, and not exceeding 6 months in prison. Who is exempt in working without a home improvement license? - ...

MHIC NASCLA CONTRACTORS EXAM REVIEW 2024 QUESTIONS AND ANSWERS Does home improvement include work done on an individual condominium unit? - Answer- Yes Does home improvement include work done on a swimming pool? - Answer- Yes Does a home improvement contract HAVE to be in writing in order to preserve your lien rights? - Answer- Yes Contractors who can only contract with a contractor or a subcontractor are: - Answer- Subcontractors A county or municipality in Maryland _____________ requi...