Which of the following is a requirement for a joint venture? - ANSWER Either the joint
venture or each contracting party of the joint venture must be licensed.
When a claimant is paid funds from the Contractors Recovery Trust Fund - ANSWER the
contractor's license is revoked.
What is the PRIMARY purpose of licensing? - ANSWER Protect the health and welfare of
the public.
What is the MAXIMUM penalty for a contractor who undertakes work without the proper
class of license? - ANSWER $500 fine per day for each day of violation plus penalties for a
misdemeanor.
All of the following must be licensed EXCEPT - ANSWER a material supplier who advises a
contractor.
The application for licensure MUST include - ANSWER the business address of the pro-
posed designated employee.
All Class A contractor licensure applications MUST include - ANSWER information on the
knowledge, skills, and abilities of the applicant.
According to the Board Rules and Regulations, which of the following could be a qualified in-
dividual? - ANSWER Any full-time employee.
A firm desiring to be licensed as a Class B contractor MUST have a MINIMUM net worth of -
ANSWER $15,000.
1
,A licensee's name change MUST be reported to the Board within a MAXIMUM of how many
days? - ANSWER 30 days.
How much is the Class A initial license fee? - ANSWER $200
According to the Board Rules and Regulations, a full-time employee is one who works a MIN-
IMUM of how many hours per week? - ANSWER 30 hours.
A building official MUST issue a certificate of occupancy for a building that meets all the re-
quirements for a certificate within a MAXIMUM of how many working days after the certifi-
cate was requested? - ANSWER 5
When MUST the work be stopped following the issuance of a stop work order? - AN-
SWER Immediately.
An appeal of the local building official's decision to refuse to grant a modification to the
USBC MUST be made to the local building board within a MAXIMUM of how many days? -
ANSWER 90 days.
Who is to be in charge of a local building department? - ANSWER Building official.
Additions to buildings MUST comply with - ANSWER the current code for new construc-
tion.
Contractors will be assessed a fee for the Transaction Recovery Fund whenever the fund bal-
ance is less than - ANSWER $400,000.
2
, A verified claim for payment from the Transaction Recovery Fund MUST occur within a MAX-
IMUM of what period of time from the date the claimant was awarded a final judgment? -
ANSWER 12 months.
Contractors who are assessed a fee to support the Transaction Recovery Fund MUST pay this
fee within a MINIMUM of how many days from when the assessment fee notice was mailed?
- ANSWER 45 days.
Payments made by the Transaction Recovery Fund to claimants may include an amount for -
ANSWER attorneys' fees.
A contract for which of the following types of structures may be subject to recovery from the
Transaction Recovery Fund? - ANSWER Residential only.
An appeal of a final decision of a county on an erosion control plan MUST be filed within a
MAXIMUM of how many days? - ANSWER 30 days.
Temporary erosion and sediment control measures MUST be removed within a MAXIMUM
of how many days after the final site stabilization? - ANSWER 30 days.
Which of the following statements about a sole proprietorship is TRUE? - ANSWER The
business, or any part of it, can be sold, altered, or exchanged at will.
What type of business organization allows people to share financial resources? - ANSWER
Partnership.
A reason for using a lower than usual profit markup for a specific project could be to - AN-
SWER cover company overhead costs.
What MUST be included in an estimate for a job? - ANSWER Materials, labor, equipment,
and overhead costs.
3
venture or each contracting party of the joint venture must be licensed.
When a claimant is paid funds from the Contractors Recovery Trust Fund - ANSWER the
contractor's license is revoked.
What is the PRIMARY purpose of licensing? - ANSWER Protect the health and welfare of
the public.
What is the MAXIMUM penalty for a contractor who undertakes work without the proper
class of license? - ANSWER $500 fine per day for each day of violation plus penalties for a
misdemeanor.
All of the following must be licensed EXCEPT - ANSWER a material supplier who advises a
contractor.
The application for licensure MUST include - ANSWER the business address of the pro-
posed designated employee.
All Class A contractor licensure applications MUST include - ANSWER information on the
knowledge, skills, and abilities of the applicant.
According to the Board Rules and Regulations, which of the following could be a qualified in-
dividual? - ANSWER Any full-time employee.
A firm desiring to be licensed as a Class B contractor MUST have a MINIMUM net worth of -
ANSWER $15,000.
1
,A licensee's name change MUST be reported to the Board within a MAXIMUM of how many
days? - ANSWER 30 days.
How much is the Class A initial license fee? - ANSWER $200
According to the Board Rules and Regulations, a full-time employee is one who works a MIN-
IMUM of how many hours per week? - ANSWER 30 hours.
A building official MUST issue a certificate of occupancy for a building that meets all the re-
quirements for a certificate within a MAXIMUM of how many working days after the certifi-
cate was requested? - ANSWER 5
When MUST the work be stopped following the issuance of a stop work order? - AN-
SWER Immediately.
An appeal of the local building official's decision to refuse to grant a modification to the
USBC MUST be made to the local building board within a MAXIMUM of how many days? -
ANSWER 90 days.
Who is to be in charge of a local building department? - ANSWER Building official.
Additions to buildings MUST comply with - ANSWER the current code for new construc-
tion.
Contractors will be assessed a fee for the Transaction Recovery Fund whenever the fund bal-
ance is less than - ANSWER $400,000.
2
, A verified claim for payment from the Transaction Recovery Fund MUST occur within a MAX-
IMUM of what period of time from the date the claimant was awarded a final judgment? -
ANSWER 12 months.
Contractors who are assessed a fee to support the Transaction Recovery Fund MUST pay this
fee within a MINIMUM of how many days from when the assessment fee notice was mailed?
- ANSWER 45 days.
Payments made by the Transaction Recovery Fund to claimants may include an amount for -
ANSWER attorneys' fees.
A contract for which of the following types of structures may be subject to recovery from the
Transaction Recovery Fund? - ANSWER Residential only.
An appeal of a final decision of a county on an erosion control plan MUST be filed within a
MAXIMUM of how many days? - ANSWER 30 days.
Temporary erosion and sediment control measures MUST be removed within a MAXIMUM
of how many days after the final site stabilization? - ANSWER 30 days.
Which of the following statements about a sole proprietorship is TRUE? - ANSWER The
business, or any part of it, can be sold, altered, or exchanged at will.
What type of business organization allows people to share financial resources? - ANSWER
Partnership.
A reason for using a lower than usual profit markup for a specific project could be to - AN-
SWER cover company overhead costs.
What MUST be included in an estimate for a job? - ANSWER Materials, labor, equipment,
and overhead costs.
3
