Contractors License Study Questions & ANSWERS(2024 LATEST UPDATE)
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Course
Contractors License
Institution
Contractors License
What is the best means to insure that funds are readily available for a job? - ANSWER Check for cost overruns
What is the best way to choose the right insurance company? - ANSWER Cost of coverage
What is the best means to check that all phases of a job have been performed? - ANSWER Create a p...
Contractors License Study Questions &
ANSWERS(2024 LATEST UPDATE)
What is the best means to insure that funds are readily available for a job? - ANSWER Check for cost
overruns
What is the best way to choose the right insurance company? - ANSWER Cost of coverage
What is the best means to check that all phases of a job have been performed? - ANSWER Create a
punch list
The problem of retention is greatest for whom? - ANSWER Subcontractors who completer their work
early in a project
When a home improvement contract is signed, the contractor must substantially begin work within ____
days of the specified in the contract? - ANSWER 20 days
Which of the following contracts can be cancelled by the customer? A: Sub Contract
B: Prime construction contract
C: Home solicitation contract which involves fencing, burglar, alarm, carpentry, and texture coating
D: Home improvement contract involving free standing bookcases, rugs, and window air conditioning. -
ANSWER C: Home solicitation contract which involves, fending, burglar, alarm, carpentry, and texture
coating.
Who must sign a joint control addendum to a home improvement contract? (Joint Control Addendum is
when a third party is involved with the contract) - ANSWER Owner, contractor and joint control officer
A notice canceling a home solicitation contract becomes effective when? - ANSWER When the written
notice is deposited in the mail.
When should a contractor renew his/her license - ANSWER 30 days before it expires
, Which of the following individuals will be required to obtain a contractors license?
A: A civil service repairman
B: A pool supply company
C: A mill worker who constructs cabinets
D: An individual who repairs or monitors a fire alarm system - ANSWER D: An individual who repairs or
monitors a fire alarm
(A license is only needed when working on a fixed structure)
If a contractor forgets to renew the contractors license on time, then the expired contract may be
renewed anytime within ___ after is expiration, without applying for the license and fulfilling the exam
or waiver requirements again. - ANSWER 5 years
How many companies can an RME qualify for at a time? - ANSWER Only one
(However an RME can qualify for more than on company under certain circumstances)
Where must the contractor include the Notice to Owner? - ANSWER In all home improvement contracts
over 500$
A Stop Notice is the only single means to force payments on a public-work job; you may not put a lien on
the property. In the even a contractor may need to serve a Stop Notice on a public-works job. he should
serve it to the...? - ANSWER Awarding authority
How old must a worker be to do heavy work in construction? - ANSWER 18 years of age
Which of the following is not deducted from an employees paycheck?
A: Unemployed Tax
B: Federal and State Income Tax
C: Social Security Tax
D: State Disability Tax - ANSWER A: Unemployed Tax
(Unemployed Tax is paid buy the employer only)
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