NYREI EXAM BUNDLE PACK WITH COMPLETE SOLUTIONS| LATEST UPDATE

Maryland Home Improvement PSI Exam Study Guide latest updated A Home Improvement Contractor is a person who offers to 1. perform repairs for a homeowner 2. construct a new home for a homeowner 3. sell supplies or equipment to a "do-it-yourself" homeowner 4. alter plumbing lines to accommodate new appliances - ANS ️️ 1. perform repairs for a homeowner What is the MAXIMUM deposit permitted for a project with a total contract price of $1,500? 1. $150 2. $500 3. $750 4. $1,500 - ANS ️️ 2. $500 What is the MAXIMUM amount that a home improvement contractor may pay to a homeowner for referring a client to the contractor? 1. $100 2. $1,000 3. 10% of the contract amount 4. The contractor is NOT permitted to compensate the homeowner for referrals - ANS ️️ 4. The contractor is NOT permitted to compensate the homeowner for referrals All of the following are exempt from licensing under the Home Improvement Law EXCEPT: 1. licensed architect 2. fence contractor 3. salesperson for a licensed plumbing contractor 4. Licensed security systems technician - ANS ️️ 2. fence contractor An applicant was denied a license after a hearing. When may the applicant reapply? 1. 30 days 2. 60 days 3. 6 months 4. 1 year - ANS ️️ 3. 6 mont