The florida contractor - Study guides, Class notes & Summaries
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1 Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 2 | Questions and Correct Answers 2024/2025 Update
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1 Exam Prep NASCLA 
Contractor's Guide to 
Business, Law, and Project 
Management, Florida 1st 
Edition Practice Test 2 | 
Questions and Correct 
Answers 2024/2025 Update 
1. Which of the following bonds guarantees that the contractor has paid 
the subcontractor? 
A. Bid bond 
B. Performance bondC. Payment bond 
D. James bond - Answer -Payment Bond 
2. The _____________ method recognizes income when the employer 
has done the work, yet has not 
received the income. 
A. Accrual
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Florida Real Estate Study Test 2024.
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Florida Real Estate Study Test 2024. 
Owners that buy income properties as investments and depend on professionals to manage them - ANSWER Absentee Owners 
 
a Value estimated based on resent sales of similar properties in the same neighborhood, not an appraisal - ANSWER CMA -Comparative Market Analysis... 
 
A contractor is employed by an owner of land to build on that land to the owner's specifications - ANSWER Custom Building 
 
When a contractor builds on his own land with the hope of locat...
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1 Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 2
- Exam (elaborations) • 16 pages • 2024
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1 Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Practice Test 2 
 
1. Which of the following bonds guarantees that the contractor has paid the subcontractor? 
 
A. Bid bond 
 
B. Performance bond 
 
C. Payment bond 
 
D. James bond - ANS Payment Bond 
 
2. The _____________ method recognizes income when the employer has done the work, yet has not 
 
received the income. 
 
A. Accrual 
 
B. Appreciation 
 
C. Deprecation 
 
D. Cash - ANS ...
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Florida Real Estate Exam Questions and Answers Updated 2024
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Owners that buy income properties as investments and depend on professionals to manage them - Absentee Owners 
 
a Value estimated based on resent sales of similar properties in the same neighborhood, not an appraisal - CMA -Comparative Market Analysis... 
 
A contractor is employed by an owner of land to build on that land to the owner's specifications - Custom Building 
 
When a contractor builds on his own land with the hope of locating a purchaser after construction has been completed - Spe...
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1 Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Question and answers 2023/2024 verified to pass
- Exam (elaborations) • 28 pages • 2024
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1 Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Question and answers 2023/2024 verified to pass1. FOB freight prepaid requires 
 __________ to pay for shipping 
 charges. 
 
A. Contractor 
 
B. Buyer 
 
C. Seller 
 
D. Subcontractor - correct answer Seller 
 
2. Which of the following is not a 
 member of the supervisory?
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Florida Real Estate TEST (Graded A+ actual test)
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The Commission's ability to impose disciplinary actions against licensees is known as 
______ _________ power - ️️quasi - judicial 
A plumber has been appointed by a court to appraise a small business. The 
plumber....... 
a. is in violation of F.S. 475 
b. is allowed to charge a commission 
c. may do so and be paid a fee 
d. must first be licensed under F.S. 475, Part II - ️️c. may do so and be paid a fee 
A developer contracts to build a home on a buyer's lot to the buyer's specific...
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NASCLA Contractor's Guide To Business, Law, And Project Management, Florida 1st Edition Practice Test 2 Questions And Answers 2024
- Exam (elaborations) • 16 pages • 2024
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NASCLA Contractor's Guide To Business, Law, And Project Management, Florida 1st Edition Practice Test 2 Questions And Answers 2024 
 
1. Which of the following bonds guarantees that the contractor has paid the subcontractor? 
 
A. Bid bond 
 
B. Performance bond 
 
C. Payment bond 
 
D. James bond 
Payment Bond 
 
2. The _____________ method recognizes income when the employer has done the work, yet has not 
 
received the income. 
 
A. Accrual 
 
B. Appreciation 
 
C. Deprecation 
 
D. Cash 
C...
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NASCLA Contractor's Guide To Business, Law, And Project Management, Florida 1st Edition Test Questions And Answers | Latest Update 2024/2025 (GRADED)
- Exam (elaborations) • 37 pages • 2024
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Which of the following bonds guarantees that the 
contractor has paid the subcontractor? 
A. Bid bond 
B. Performance bond 
C. Payment bond 
D. James bond - Correct Answer-Payment Bond 
2. The _____________ method recognizes income when the 
employer has done the work, yet has not 
received the income. 
NASCLA Contractor's Guide To Business, Law, 
And Project Management, Florida 1st Edition 
Test Questions And Answers | Latest Update 
2024/2025 (GRADED) 
pg. 2 professoraxe 
l 
A. Accrual 
B. Ap...
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1 Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Question and answers already passed 2023/2024
- Exam (elaborations) • 24 pages • 2024
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1 Exam Prep NASCLA Contractor's Guide to Business, Law, and Project Management, Florida 1st Edition Question and answers already passed 2023/20241. Which of the following bonds guarantees that the contractor has paid the subcontractor? 
 
A. Bid bond 
 
B. Performance bond 
 
C. Payment bond 
 
D. James bond - correct answer Payment Bond 
 
2. The _____________ method recognizes income when the employer has done the work, yet has not 
 
received the income. 
 
A. Accrual 
 
B. Appreciation 
 ...
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Florida Contractors Manual Q&A – 3 UPDATED Exam Questions and CORRECT Answers
- Exam (elaborations) • 13 pages • 2024
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Florida Contractors Manual Q&A – 3 
UPDATED Exam Questions and 
CORRECT Answers 
Which construction site requires a licensed contractor for the job? 
A. State university 
B. Federal courthouse 
C. Bank 
D. Post office - CORRECT ANSWER- C 2021: 2-18, 2-19 
2017: 2-6, 2-7 
A bank is not government property and requires a licensed contractor for the job. 
How long is the company required to retain OSHA 300/300A logs?
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