Builders Exam questions with complete solutions

Builders Exam questions with complete solutionsWhat 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 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 00:03 01:27 on your individual builder's license application, what should you write as your "business address"? Your personal address What is the cost for the individual builder's license? $195 After receiving your residential builder's license, what are the only trades not covered by your license? Plumbing, electrical, and HVAC Who is the TESTING company for the State of Michigan? PSI What is the name of the department that regulates your license? LARA Before you may test you must present two valid forms of identification In order to schedule your test with PSI you may Schedule online, by mail, fax or phone When will you receive your test score? as soon as you complete the test What are the 2 parts of the Residential Builder Examination? Business and Law examination/Practice and Trade examination How long will you have to complete the Practice and Trade portion of the exam? 180 Minutes 00:02 01:27 What is a quick asset ratio? 1 to 1 Under the Carpentry section of the test, what does a "span table" tell us? what species and what grade of lumber a floor joist has to be to span a certain distance Which of the following topics will be covered on the exam? Carpentry, Roofing, Insulation Which is NOT a reason that you need a residential business license? It allows you to work on commercial properties Where does most fraud occur? in the residential market As a builder, your licence falls under the regulation of Both rules by the director and board as well as laws of the state of Michigan What is the make up of the 9 members of the board? 6 individuals that have a licence or registration in the occupation in which the board monitors and 3 members of the general public Under the definition of occupational code, what does the word "limitation" refer to? a condition, stricture, restraint or probation attached to a license relative to the scope of practice Who, upon completion of a hearing, shall assess a penalty or penalties? the board