Residential occupancy - Study guides, Class notes & Summaries

Virginia Contractor's Exam Questions and Answers 100% Pass What is the MAXIMUM penalty for a contractor who undertakes work without the proper class of license? $500 fine per day for each day of violation plus penalties for a misdemeanor. What is the PRIMARY purpose of licensing? Protect the health and welfare of the public. The application for licensure MUST include the business address of the proposed designated employee. All of the following must be licensed EXCEPT a materia...

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...

Characteristics of a Community Association CORRECT ANSWER Mandatory membership Mutually binding documents Lien-based assessments Purposes of a Community Association CORRECT ANSWER Business - Not for profit Government - Runs like a mini-government Community - Mutual reasons for buying into area 3 Basic Types of Community Associations CORRECT ANSWER Planned Community - Owners owns his lot/living unit and community owns common areas (tennis courts, basketball courts, etc.). Condominium -...

Michigan Builders License - All questions for the 60 Course Questions with correct Answers 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 ...

1. One of the best ways to stress the importance of inspections upon building owners is through : - A follow - up visit . 2. In an inspection report , fire inspectors are generally concerned with presenting the facts and evidence to prove a point , draw a conclusion , or : - Justify a recommendation 3. Which statement regarding inspection forms / checklists is true ? - They are very useful for inspecting common items and / or complex processes . 4. During an inspection of a bui...

Real Estate U Final Exam 2-Answered correctly-latest 2023/2024 Real Estate U Final Exam 2-Answered correctly-latest 2023/2024 Which of the following are tax-deductible expenses resulting from home ownership? Mortgage interest and property taxes Which of the following is true regarding the $500,000 exemption, in the sale of a personal residence, for a married couple filing jointly? A married couple can use the $500,000 joint exemption if only one meets the ownership requirement, but...

"Residential builder" correct answer: person who erects a residential structure or combination residential and commercial structure except for the person's own use and occupancy on the person's property A person may act in the capacity of a residential builder if: correct answer: 1) they are authorized rep of US gov 2) An owner of property, with reference to a structure on the property for the owner's own use and occupancy 3) a few others, but mainly those two True or False: the ...

What is the 1st offense penalty for engaging in the practice of residential building without a license? - Answer 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? - Answer 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"? - Answer Your personal address What is the cost of the indi...

Created to serve as a complete, comprehensive code regulating the construction of single-family, two-family and buildings consisting of three or more townhouse units. - Answer IRC (International Residential Code) Administrative - Answer First 2 chapters of code book are True - Answer Plans or supporting documents are almost always required by the controlling authority prior to issuing a permit. T or F Yes - Answer Does the building official have the authority to render interpretations o...

Nursing Facilities AKA - correct answer Nursing homes (both) skilled nursing facilities (medicare) (SNF) Intermediate care facilities (medicaid) Nursing Facilities - correct answer Provide a broad range of personal, social, and medical services to assist people with functional or cognitive limitations What type of nursing facilities are available? - correct answer ...