Maryland Home Improvement PSI Exam Study Guide EXAM with 100% correct answers already graded A+ 2024

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 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 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 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 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 3. 6 months What license is required for a telephone salesperson that works as an independent contractor for a home improvement contractor? 1. Salesperson 2. Contractor 3. Subcontractor 4. No license is required 4. No license is required The Home Improvement Commission holds a hearing to determine the status of an individual's application for licensure. The Commission MUST notify the applicant of its decision within: 1. 10 days after the hearing 2. 30 days after the hearing 3. 60 days after the hearing 4. 180 days after the hearing 3. 60 days after the hearing A homeowner cancels a $1,000 door-to-door contract 2 days after signing the contract. The MAXIMUM service fee that may be collected by the contractor is: 1. Nothing. No service fee may be collected 2. $25 3. $50 4. $100 1. Nothing. No service fee may be collected All of the following are grounds for denial of licensure EXCEPT: 1. failing to give all required application information 2. not being a Maryland resident 3. conviction of a felony 4. fraud 2. not being a Maryland resident A renewal notice MUST be mailed by the Commission within how many months of the license expiration date? 1. 1 month 2. 2 months 3. 3 months 4. 6 months 1. 1 month A license that is NOT renewed will: 1. expire 2. become inactive 3. be revoked 4. be suspended 1. expire All of the following Commission records can be inspected by the public during normal office hours EXCEPT: 1. licenses issued 2. expired, suspended, or revoked licenses 3. financial records or each licensee 4. contractors represented by each licensed salesperson 3. financial records or each licensee