NYC HOME IMPROVEMENT END OF
COURSE STUDY GUIDE LATEST UPDATED
ACTUAL TESTED QUESTIONS AND
CORRECT ANSWERS
⩥ MHIC License Requirement.
Answer: Must be licensed before advertising or working
⩥ License Validity Period.
Answer: 2 years
⩥ License Renewal.
Answer: Fee and application before expiration
⩥ Unlicensed Contracting.
Answer: Punishable by fines and suspension
⩥ Advertising Without License.
Answer: Illegal
,⩥ Written Contract Threshold.
Answer: Jobs over $200
⩥ Required Contract Format.
Answer: Must be in writing and signed
⩥ Contract Must Include.
Answer: License number and contractor info
⩥ Contract Scope.
Answer: Description of work
⩥ Contract Price.
Answer: Total project cost
⩥ Start and Finish Dates.
Answer: Must be stated
⩥ Payment Schedule.
Answer: Included in contract
, ⩥ Cancellation Notice.
Answer: Must be included
⩥ Right of Rescission.
Answer: 3 business days to cancel
⩥ Door-to-Door Sales Act.
Answer: Protects consumers
⩥ Deposit Allowed.
Answer: After contract signed
⩥ Deposit Limit.
Answer: No more than 1/3 (typical rule of thumb)
⩥ Progress Payments.
Answer: Allowed if stated
⩥ Final Payment.
COURSE STUDY GUIDE LATEST UPDATED
ACTUAL TESTED QUESTIONS AND
CORRECT ANSWERS
⩥ MHIC License Requirement.
Answer: Must be licensed before advertising or working
⩥ License Validity Period.
Answer: 2 years
⩥ License Renewal.
Answer: Fee and application before expiration
⩥ Unlicensed Contracting.
Answer: Punishable by fines and suspension
⩥ Advertising Without License.
Answer: Illegal
,⩥ Written Contract Threshold.
Answer: Jobs over $200
⩥ Required Contract Format.
Answer: Must be in writing and signed
⩥ Contract Must Include.
Answer: License number and contractor info
⩥ Contract Scope.
Answer: Description of work
⩥ Contract Price.
Answer: Total project cost
⩥ Start and Finish Dates.
Answer: Must be stated
⩥ Payment Schedule.
Answer: Included in contract
, ⩥ Cancellation Notice.
Answer: Must be included
⩥ Right of Rescission.
Answer: 3 business days to cancel
⩥ Door-to-Door Sales Act.
Answer: Protects consumers
⩥ Deposit Allowed.
Answer: After contract signed
⩥ Deposit Limit.
Answer: No more than 1/3 (typical rule of thumb)
⩥ Progress Payments.
Answer: Allowed if stated
⩥ Final Payment.