Contractor's License
Contractor's License
Study online at https://quizlet.com/_1kyta
1. Which of the following is not exempt from the require- d. a firm that installs,
ments of the Contractors License Law? maintains, or monitors fire
alarm systems.
a. a government agency.
b. a material supplier who does not install the
materials.
c. a person working on his/her own property
when it is not for the purpose of resale.
d. a firm that installs, maintains, or monitors
fire alarm systems.
2. A contractor's license is not required for a project in $500.00 dlls.
which the total price for all labor and materials is less
than:
3. Which of the following individuals will be required to a. a person who has been
pass the qualifying examination in order to obtain a listed as a partner on
contractor's license? an active license for the
past four years and has
a. a person who has been listed as a partner on an been actively engaged in
active license for the past four years and has been that business's construc-
actively engaged in that business's construction oper- tion operations.
ations
b. a person who was the Responsible Managing Em-
ployee for another licensee three years ago
c. a person who passed the qualifying examination two
years ago, but did not ever receive a license
1/5
, Contractor's License
Contractor's License
Study online at https://quizlet.com/_1kyta
d. a person who currently is the qualifier on a license
who is applying for a new license as a Responsible
Managing Employee
4. Which of the following statements is true with regard d. An RME must have a
to a Responsible Managing Employee? separate bond issued to
accompany the licensee's
a. An RME may have his/her own active individual bond.
license while he/she qualifies for another active li-
cense.
b. An RME may qualify for up to three licenses.
c. An RME must own at least 10% of each business for
which he/she serves as the qualifying individual.
d. An RME must have a separate bond issued to accom-
pany the licensee's bond.
5. A group of four persons obtains a contractor's license b. The remaining partners
as a partnership. After five years one of these part- may continue to conduct
ners, who did not serve as the qualifying individual business using the same
for the license, disassociates from the partnership. In license since the qualifying
this situation, which of the following statements is not individual is still involved
correct? with the business.
a. The remaining partners may apply for a continua-
tion of the license within 90 days in order to complete
any existing contracts.
b. The remaining partners may continue to conduct
business using the same license since the qualifying
individual is still involved with the business.
2/5
Contractor's License
Study online at https://quizlet.com/_1kyta
1. Which of the following is not exempt from the require- d. a firm that installs,
ments of the Contractors License Law? maintains, or monitors fire
alarm systems.
a. a government agency.
b. a material supplier who does not install the
materials.
c. a person working on his/her own property
when it is not for the purpose of resale.
d. a firm that installs, maintains, or monitors
fire alarm systems.
2. A contractor's license is not required for a project in $500.00 dlls.
which the total price for all labor and materials is less
than:
3. Which of the following individuals will be required to a. a person who has been
pass the qualifying examination in order to obtain a listed as a partner on
contractor's license? an active license for the
past four years and has
a. a person who has been listed as a partner on an been actively engaged in
active license for the past four years and has been that business's construc-
actively engaged in that business's construction oper- tion operations.
ations
b. a person who was the Responsible Managing Em-
ployee for another licensee three years ago
c. a person who passed the qualifying examination two
years ago, but did not ever receive a license
1/5
, Contractor's License
Contractor's License
Study online at https://quizlet.com/_1kyta
d. a person who currently is the qualifier on a license
who is applying for a new license as a Responsible
Managing Employee
4. Which of the following statements is true with regard d. An RME must have a
to a Responsible Managing Employee? separate bond issued to
accompany the licensee's
a. An RME may have his/her own active individual bond.
license while he/she qualifies for another active li-
cense.
b. An RME may qualify for up to three licenses.
c. An RME must own at least 10% of each business for
which he/she serves as the qualifying individual.
d. An RME must have a separate bond issued to accom-
pany the licensee's bond.
5. A group of four persons obtains a contractor's license b. The remaining partners
as a partnership. After five years one of these part- may continue to conduct
ners, who did not serve as the qualifying individual business using the same
for the license, disassociates from the partnership. In license since the qualifying
this situation, which of the following statements is not individual is still involved
correct? with the business.
a. The remaining partners may apply for a continua-
tion of the license within 90 days in order to complete
any existing contracts.
b. The remaining partners may continue to conduct
business using the same license since the qualifying
individual is still involved with the business.
2/5
