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Michigan builders license business & law Exam with correct answers
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Michigan builders license business & law Exam with correct answers
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Michigan builders license business & lawExam with correct answers
A complaint must be filed within __ months after occupancy has accrued - correct answer-18
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The department has __ days to notify you of complaint - correct answer-15
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Operating without a license is what kind of charge - correct answer-Misdemeanor
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What happens second time operating without a license - correct answer-1 year in jail and or
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a $1,000 fine
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How long does a licensed builder have to report change of address or change of members -
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correct answer-30 days
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How long do you have to send Lara Salesperson license back if decided to go separate ways -
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correct answer-5 days by certified mail
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How many members are on the board? How many should represent the general public? -
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correct answer-9 .. 3 must represent general public
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net worth = - correct answer-total assets - total liabilities
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Gross Profit - correct answer-The total amount before deductions
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What's the term of the builders license? - correct answer-3 years
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How long should a builder keep their books and records? - correct answer-7 years
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