What is a mechanics lien - Study guides, Class notes & Summaries

Question 1: How must a client submit a claim for service or repair of a defect on fit and finish items after a remodel? A.) by certified mail B.) by overnight mail C.) by personal delivery D.) any of the above - Answer-D. A client may use the normal customer-service procedures agreed to between the client and the contractor, but the client must notify the contractor of the defect in writing by certified mail, overnight mail, or personal delivery before the client may file an action in c...

TEXAS PRINCIPLES 1 | QUESTIONS & ANSWERS | ALREADY GRADED A+| VERIFIED & UPDATED| 2024 i. How much is the largest fine for any single violation of the Fair Housing Act? $110,000 ii. What is a point? 1% of the loan amount iii. states what the title covers and does not cover? title commitment iv. policy that will insure against losses from title defects and against errors in title examination? title insurance v. Part / the percentage(%) = total vi. Areas of earth = 36 Sq. Miles ? township...

CSLB CONTRACTOR'S LAW & BUSINESS EXAM QUESTIONS AND ANSWERS 2024 (Graded A+) An employer remits State disability taxes withheld from an employees wages to what agency? - Answer Employment Development Department Which act establishes the rights of workers to organize into unions and negotiate contracts? - Answer National Labor Relations Act of 1935 A contractor has had a problem with employees stealing tools and equipment from job sites. When conducting job interviews, may the contractor as...

Contractors Business Law Exam Questions and Answers, Latest Updated 2024/2025 (GRADED A+) If an employer's Federal Payroll Tax liability is $1000 how may they pay taxes? (Ans- quarterly How many employees does it take for the Fair Labor Act to be applied? (Ans- 1 What accounting method records income when the service occurs and expense when they are incurred? (Ans- Accrual Method What do the General Conditions of a contract do? (Ans- Outline roles of the owner, architect, and engineer....

California Real Estate Principles Exam Questions With Answers Latest Update 2024 (VERIFIED) Reed vs. King Case (Ans- Must disclose death (and manner of death) on a property if occurs within 3 years, except AIDS Jones vs. Mayer Supreme Court Decision (1968) (Ans- Racial discrimination not allowed (whether selling or buying) in all PRIVATE property transactions (based on Civil Rights Act of 1968) Easton vs Strassburgar (Ans- Seller disclosures to third parties AND agent visual inspection of...

PSI Exam Questions and Answers 100% Correct| Latest 2024 what would prevent a seller from providing marketable title Mechanics lien the seller has required that the buyer must use his title insurance company and that brokers reduce their portion of the real estate commission, increasing the sellers net proceeds This is illegeal according to respa If a license mentions MLS when advertising, the advertisement must include the name of the MLS According to the New Jersey Real estate Licen...

In reference to Property Taxes, "basis" or "cost" is - Answer-Purchase price of prop plus cost of improvements. How is a condominium unit owned? - Answer-Separate interest How are common interests in a condo owned? - Answer-Equally in undivided interest Subdivided Land Laws refer to - Answer-Subdivisions of 5+ parcels on 160 acres, regulated marketing & financing, and requires disclosures in public report. How long is a disclosure in public report for Subdivided Land Laws good for? - A...

Who is the party to whom a debt is owed to? correct answers Creditor Who is the party that owes a debt? correct answers Debtor Who owns a security interest? correct answers Secured Creditors What gives a secured creditor claims in specified property of the debtor? correct answers Security Interest Real estate and PMSI are two types of what? correct answers Secured Creditors What is a normally written agreement that gives the creditor the right to seize the collateral? correct answ...

Business and Law Test California CSLB with Complete Solutions Business and Law Test California CSLB with Complete Solutions Business and Law Test California CSLB with Complete Solutions overhead - ANSWER-The costs of running your business, including office expenses, etc. Stop notice - ANSWER-A document given for the purpose of stopping, intercepting, or freezing funds that have not yet been paid on a construction project in an attempt to ensure payment. What is require...

In reference to Property Taxes, "basis" or "cost" is - Purchase price of prop plus cost of improvements. How is a condominium unit owned? - Separate interest How are common interests in a condo owned? - Equally in undivided interest Subdivided Land Laws refer to - Subdivisions of 5+ parcels on 160 acres, regulated marketing & financing, and requires disclosures in public report. How long is a disclosure in public report for Subdivided Land Laws good for? - 5 Years When does a tax year...