MHIC CERTIFICATION PREP ACTUAL TEST WITH VERIFIED SOLUTIONS 100 PERCENT CORRECT

MHIC CERTIFICATION PREP ACTUAL TEST
WITH VERIFIED SOLUTIONS 100 PERCENT
CORRECT

⩥ If a contract contains a mandatory arbitration clause it must include.
Answer: a list of the fee schedule


⩥ If a contract contains a mandatory arbitration clause it must include.
Answer: whether the arbitrator's findings are binding


⩥ If a contract contains a mandatory arbitration clause it must include.
Answer: a disclosure that a claim against the guaranty fund will be
stayed until completion of mandatory arbitration


⩥ What is given to homeowner before the performance of a home
improvement?.
Answer: a copy of the contract signed by the contractor and homeowner


⩥ What gives consumers rights to cancel contract within third business
day following sale ?.
Answer: Door-to-Door Sales Act

, ⩥ How many days to return homeowners deposit when homeowner
cancel his contract?.
Answer: 10 days


⩥ The 3 business day cancellation clause must be
____________________ ..
Answer: in bold faced type with a minimum size of 10 points.


⩥ The Door-to-Door sales act does not apply to.
Answer: consumer goods that are exhibited or consumer services are
offered for sale on a continuing basis


⩥ How many contractors in total may a salesperson represent?.
Answer: two


⩥ During a sales presentation, how many contractors can a salesperson
represent?.
Answer: only one


⩥ A salesperson must use a contract form that
___________________________.
Answer: must name the contractor