As a licensed builder Study guides, Class notes & Summaries

Michigan Residential Builder's License Exam Bank with 1000+ Actual Questions and Answers. 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 "busine...

What is the first offense penalty for engaging in the practice of residential building without a license correct answer: not less than $5,000 and not more than $25,000 and/or one year What is the penalty for engaging in the practice of residential builders license, resulting in a death? correct answer: not less than $5,000 and not more than $25,000 and/or four years what are the only trades not covered by your license correct answer: Plumbing, electrical, and HVAC What is the name of...

1 FLORIDA REAL ESTATE 2024/25 REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ Brokers who list and sell smaller businesses are - -business opportunity brokers. Before roadbuilding begins, a developer must submit a document to the local planning board for approval. The document is called a - -subdivision plat map. Investors who don't live on the properties they own are - -absentee owners. Real estate specialists who sell properties close to airports, seaports, and rail sidings work in...

Michigan Builders Exam (Answered 100% Correctly) Latest 5 days Time allotted for a residential builder to return sales person's license and for sales person to return I.D. card by certified mail 10 days The department, after investigation, may request a licensee to appear at such investigative conference. Notice of a request for a conference shall be in writing and mailed to the address appearing on the license not less than ----- before the conference and shall set the time and pl...

Michigan Residential Builder Licensing Exam 2022 Questions And Answers M&A contractors include: - ANS 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 __________ - ANS Licensed The one who obtains the residential builder's license is called a _____________ ____________ - ANS Qualifying Officer First Offense for practicing with...

When should you let your attorney see a construction contract? A. Before you let the client see the contract B. After the contract is prepared but before you sign it C. After the building permit is obtained D. After the contract is signed by you and the client -ANSWER-B. After the contract is prepared but before you sign it Which is the most correct statement as to what must be included in every home improvement contract? A. Notice of right to cancel B. Contractor's license number C. ...

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 called - CORRECT ANSWER-Custom Building A builder purchases several vacant lots in an est...

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 build...

Michigan Builders Exam (2024/2025) Questions with 100%Correct Answers. 5 days - Correct Answer-Time allotted for a residential builder to return sales person's license and for sales person to return I.D. card by certified mail 10 days - Correct Answer-The department, after investigation, may request a licensee to appear at such investigative conference. Notice of a request for a conference shall be in writing and mailed to the address appearing on the license not less than ----- before th...

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...