As a licensed builder 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 should you wr...

Florida Real Estate Class Final Exam Questions and Answers 100% Pass A Business Broker - Correct Answer ️️ -Specializes in the sale, purchase or lease of businesses. Is required to have a real estate license and may be licensed as a real estate broker or sales associate Follow-Up is - Correct Answer ️️ -Keeping in contact with the new owner after the closing of the sale A builder constructs a house on an owner's lot according to the owner's plans and specifications. This is cal...

WI Real Estate Sales Exam Questions and Answers Already Passed The listing broker is the seller's agent A licensee writes an offer for a buyer on the licensee's listing. The buyer is the licensee's customer When a firm is representing only one side of the transaction, the firm is practicing what type of agency? Single agency Multiple Representation may only occur if there is full written consent and disclosure from all parties A broker shall provide a copy of the disclosure...

MICHIGAN BUILDERS LICENSE EXAM QUESTIONS AND ANSWERS | LATEST UPDATE 2024/2025 (100% CORRECT) A layer of new wood on a tree just under the bark is called __________. · Xylem · Sap · Cambium · Phloem CORRECT ANSWERS - Cambium The Department and the __________ may remove a limitation. Hearing Examiner Director Board Commission CORRECT ANSWERS - Board A salesperson shall turn over money for a sale to their licensed builder Immediately Within 10 days Within 48 hours Anytime CORRECT...

Michigan Builders License - All questions for the 60 Course (Answered 100% Correctly) Latest A layer of new wood on a tree just under the bark is called __________. · Xylem · Sap · Cambium · Phloem Cambium The Department and the __________ may remove a limitation. Hearing Examiner Director Board Commission Board A salesperson shall turn over money for a sale to their licensed builder Immediately Within 10 days Within 48 hours Anytime Immediately A newly constructed buildi...

What is the 1st offense penalty for engaging in the practice of residential building without a license? Not less than $5K and not more than $25K and/or 1 year What is the penalty for engaging in the practice of residential building, resulting in a death? Not less than $5K and not more than $50K and/or 4 years On your individual builder's license application, what should you write as your "business address"? Your personal address What is the cost of the individual builder's license? $19...

Michigan Residential Builder Licensing Exam 2024 with Updated Answers M&A contractors include: - CORRECT ANSWER-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 __________ - CORRECT ANSWER-Licensed The one who obtains the residential builder's license is called a _____________ ____________ - CORRECT ANSWER-Qualifying Officer First Offense ...

Harrisburg resident Joseph Bell has worked full-time for Larry Keen, who is the builder-owner of dozens of homes just outside of Harrisburg. Joseph is Larry's "right-hand man," and Larry has given him permission and the authority to take on many of Larry's tasks. Joseph routinely lists homes for sale, as well as actually selling the real estate on Larry's behalf, which of the following best describes Joseph? - He's a building-owner salesperson Springfield broker, Sam Hovis, has surprise...

A layer of new wood on a tree just under the bark is called __________. · Xylem · Sap · Cambium · Phloem CORRECT ANSWERS - Cambium The Department and the __________ may remove a limitation. Hearing Examiner Director Board Commission CORRECT ANSWERS - Board A salesperson shall turn over money for a sale to their licensed builder Immediately Within 10 days Within 48 hours Anytime CORRECT ANSWERS - Immediately A newly constructed building cannot be used or occupied in whole or pa...

PA Real Estate Salesperson Exam - State Portion Exam Prep Latest 2023 Graded A AGENCY RELATIONSHIP A relationship whereby the broker or licensees in the employ of the broker act as fiduciaries for a consumer of real estate services by the express authority of the consumer of real estate services. ASSOCIATE BROKER A broker employed by another broker. BROKER Any person who, for another and for a fee, commission or other valuable consideration: (1) negotiates with or aids any person in locating ...