Michigan Residential Builder's License Complete Exam 2024 Latest

Michigan Residential Builder's License Complete Exam 2024 Latest What is the 1st offense penalty for engaging in the practice of residential building without a license? - CORRECT ANSWER-Not less than $5K and not more than $25K and/or 1 year What is the penalty for engaging in the practice of residential building, resulting in a death? - CORRECT ANSWER-Not less than $5K and not more than $50K and/or 4 years On your individual builder's license application, what should you write as your "business address"? - CORRECT ANSWER-Your personal address What is the cost of the individual builder's license? - CORRECT ANSWER-$195 After receiving your residential builder's license, what are the only trades that are not covered by your license? - CORRECT ANSWER--Plumbing -Electrical -HVAC Who is the TESTING company for the State of Michigan? - CORRECT ANSWER-PSI What is the name of the DEPARTMENT that regulates your license? - CORRECT ANSWER-LARA Before you may test, what must you do? - CORRECT ANSWER-Present 2 forms of ID How should you schedule your test with PSI? - CORRECT ANSWER--Online -Mail -Phone/Fax When will you receive your test score? - CORRECT ANSWER-Immediately following the completion of the test What are the 2 parts of the Residential Builder's Exam? - CORRECT ANSWER-- Business & Law -Practice & Trade How long will you have to complete the Practice & Trade portion of the exam? - CORRECT ANSWER-180 mins What is a quick asset ratio? - CORRECT ANSWER-1 to 1 Under the carpentry section of the test, what does a "span table" tell us? - CORRECT ANSWER-What species and what grade of lumbar a floor joist has to be to span a certain distance Which topics will be covered on the Practice & Trade portion of the exam? - CORRECT ANSWER--Carpentry -Roofing -Insulation Do you need a Residential Builder's License to work on commercial projects? - CORRECT ANSWER-No Where does the most fraud occur? - CORRECT ANSWER-The residential market As a builder, your license falls under the regulation of what? - CORRECT ANSWER-- Rules by the director & board -Laws of The State of Michigan What is the make up of the 9 members of the board? - CORRECT ANSWER--6 individuals that have a license/registration in the occupation in which the board monitors -3 members of the general public Under the definition of occupation code, what does the word "limitation" refer to? - CORRECT ANSWER-A condition, stricture, restraint or probation attached to a license relative to the scope of practice Who, upon completing a hearing, shall assess a penalty(ies)? - CORRECT ANSWERThe Board If you fail to renew your license/registration on or before the expiration date, how many days do you have to resubmit with the proper payment and late fee? - CORRECT ANSWER-60 Days When the department is investigating a complaint and finds evidence of a violation, what actions can be brought against them? - CORRECT ANSWER--Cease & desist order -Formal complaint -Citation How many days after the administrative law hearings examiner hears the report, must a determination of penalties be made by the board? - CORRECT ANSWER-60 Days What is a compliance conference? - CORRECT ANSWER-A meeting where the respondent meets with the department to discuss the complaint aga