MARYLAND HOME IMPROVEMENT SALESPERSON EXAM PREP QUESTIONS WITH 100 % CORRECT ANSWERS | VERIFIED

When must a contractor's home improvement license be renewed? - Answer-By June 30th- every 2 years What is the initial assessment for the home improvement guaranty fund of every home improvement contractor? - Answer-$100 Requirement of a home improvement contract - Answer-The customer is given a signed copy of the contract before work begins What is the maximum deposit a contractor may require to build a deck attached to a house if the total contract if for $5400 - Answer-$1800 A contractor specializes in building decks. What is the most important item in his advertising? - Answer-His name and license number An applicant for or holder of a subcontractor license must have general liability insurance of not less than what amount? - Answer-$50,000 What is the license application fee for a salesperson license? - Answer-$120 Which person is required to obtain a Maryland home improvement license? - Answer-A contractor who works in Maryland but whos principal place of business is not in Maryland. A home improvement contractor has contracted for and constructed a garbage. The roof failed to support the snow load the following winter, damaging both rood and the owner car. The contractor repaired the roof, but refuses to pay for repairs to the car. How much may the property owner recover from the home improvement guaranty fund for repairs to his car? - Answer-Nothing A successful salesperson for a single contractor wants to expand his income by representing additional contractors. How many additional contractors may he represent. - Answer-1The Home Improvement Commission has issued a proposed order to pay a claim of $2,000 against a contractor, with a copy delivered to the contractor. The contractor is required to respond within what period of time if he wishes to appeal or contest the award. - Answer-21 days A salesperson currently working for two contractors resigns from one of his employers to accept employment with another contractor. Who is responsible for notifying the Maryland home improvement commission of his resignation? - Answer-The former employer When may a permit for a home improvement be issued without including the license number of a license contractor? - Answer-When the home improvement will be performed by the property owner What is not required in an advertisement offering a specific home improvement at a sale of temporarily reduced price? - Answer-A guaranty or warranty A salesperson has obtained a signed contract and a deposit for a building a deck, subject to acceptance by the contractor. The contractor elects not to accept the contract. When must he return the deposit to the owner. - Answer-Within 10 working days of the date of the contract