As a licensed builder - Study guides, Class notes & Summaries

What is the first offense penalty for engaging in the practice of residential building without a license? Not less than $5,000 and not more than $25,000 and/or one year in prison. Subsequent violations can extend the prison time to up to 2 years. What is the penalty for engaging in the practice of residential builders license, resulting in a death? Not less than $5,000 and not more than $25,000 and/or four years in prison On your individual builder's license application, what should you wr...

BUILDER CAMPGROUND MEMBERSHIP SALESPERSON - ️️A person who either as an employee or an independent contractor sells or offers to sell campground memberships. Such person shall sell campground memberships under the active supervision of a broker. A person licensed as a broker, as a salesperson or as a timeshare salesperson shall not be required to be licensed as a campground membership salesperson as a condition for selling or offering to sell campground memberships. -OWNER SALESPERSON -...

Michigan Residential Builder Licensing Exam 2024 with Updated Answers M&A contractors include: - CORRECT ANSWER-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 __________ - CORRECT ANSWER-Licensed The one who obtains the residential builder's license is called a _____________ ____________ - CORRECT ANSWER-Qualifying Officer First Offense ...

When a developer deeds the streets and easements to the county government for future maintenance, it is called - ️️dedication. A broker's license will become void when the first license expires unless the broker has - ️️completed at least 60 hours of broker post-licensing courses. A person who takes applications for a mortgage loan must - ️️be licensed as a loan originator by the Florida Office of Financial Regulation. Before roadbuilding begins, a developer must submit a docu...

WI Real Estate Sales Exam Questions and Answers Already Passed The listing broker is the seller's agent A licensee writes an offer for a buyer on the licensee's listing. The buyer is the licensee's customer When a firm is representing only one side of the transaction, the firm is practicing what type of agency? Single agency Multiple Representation may only occur if there is full written consent and disclosure from all parties A broker shall provide a copy of the disclosure...

Michigan Builders License Exam Study Guide 2024 Questions and Answer 100% Pass What is the first offense penalty for engaging in the practice of residential building without a license? -Answer-Not less than $5,000 and not more than $25,000 and/or one year in prison. Subsequent violations can extend the prison time to up to 2 years. What is the penalty for engaging in the practice of residential builders license, resulting in a death? -Answer-Not less than $5,000 and not more than $25,000 a...

MICHIGAN BUILDERS LICENSE - ALL QUESTIONS FOR THE 60 COURSE EXAM LATEST UPDATE 2024/2025 QUESTIONS AND ANSWERS ALL ANSWERS 100% CORRECT A+ SCORE A layer of new wood on a tree just under the bark is called . ANSWER: - Cambium The Department and the may remove limitation. ANSWER: - Board A salesperson shall turn over money for a sale to their licensed builder ANSWER: - Immediately A newly constructed building cannot be used or occupied in whole or part without ANSWER:...

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...

Florida Real Estate Class Final Exam Questions and Answers 100% Pass 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 cal...

A buyer purchasing a pre-construction condominium is required to place a ____________ with the builder to hold the specific unit until it is ready to be occupied. - Deposit A common element condominium must be a __________ condo and not a vacant land or a phased condominium. - Freehold A copy of the condo's __________ must be registered in the Land Registry Office. - Bylaws A developer is not permitted to terminate an agreement without the buyer's consent unless by way of a _____________...