MHIC Exam UPDATED Exam Questions
and CORRECT Answers
A contractor must pay ________ to the gauaranty fund? - CORRECT ANSWER - 10%
Unlicensed contractor homeowner receives how much for work - CORRECT ANSWER -
Nothing because unlicensed
Filing a complaint is a way to receive compensation for a homeowner - CORRECT
ANSWER - False
Gauaranty fund exceeds 100,000 commission will do what - CORRECT ANSWER - Pro rate
the claims so claimant receives the same amount
Renew for sales person - CORRECT ANSWER - $100
Contractor has ___ days to pay back fund until commission can sue - CORRECT ANSWER -
60 days
Minimum Hight for license number on car - CORRECT ANSWER - 3 inches
Money put down by homeowner then gives promissory note the contractor may - CORRECT
ANSWER - Not accept deal
Mold license may be required when conducting - CORRECT ANSWER - Residential mold
remediation
Manditory arbitration clause must have - CORRECT ANSWER - Current license number of
arbitrator
, Material does not meet local codes but does for state this means what - CORRECT
ANSWER - Prohibited act
Waste running into the Chesapeake bay - who take care of this - CORRECT ANSWER -
Critical area commission
Contact us secured by interest may rescind the contract in how many day - CORRECT
ANSWER - Five business days
Maximum penalty for unlicensed is - CORRECT ANSWER - 5,000 + two years jail
Inactive status for CTR - CORRECT ANSWER - $50
CTR uses residence home as model when they do what - CORRECT ANSWER -
Compensating appropriate and discounts are voided
Commission may request a full hearing after the decision of a hearing board within - CORRECT
ANSWER - 15 days
Guaranty fund min - CORRECT ANSWER - 250,000
CTR working on apt Buildings with 3 units - CORRECT ANSWER - Within the scope of
practice
Total amount CTR sales person can rep - CORRECT ANSWER -2
Dis approval from CTR must return deposit in how many days - CORRECT ANSWER -3
Commission meets how often - CORRECT ANSWER - Every two months
and CORRECT Answers
A contractor must pay ________ to the gauaranty fund? - CORRECT ANSWER - 10%
Unlicensed contractor homeowner receives how much for work - CORRECT ANSWER -
Nothing because unlicensed
Filing a complaint is a way to receive compensation for a homeowner - CORRECT
ANSWER - False
Gauaranty fund exceeds 100,000 commission will do what - CORRECT ANSWER - Pro rate
the claims so claimant receives the same amount
Renew for sales person - CORRECT ANSWER - $100
Contractor has ___ days to pay back fund until commission can sue - CORRECT ANSWER -
60 days
Minimum Hight for license number on car - CORRECT ANSWER - 3 inches
Money put down by homeowner then gives promissory note the contractor may - CORRECT
ANSWER - Not accept deal
Mold license may be required when conducting - CORRECT ANSWER - Residential mold
remediation
Manditory arbitration clause must have - CORRECT ANSWER - Current license number of
arbitrator
, Material does not meet local codes but does for state this means what - CORRECT
ANSWER - Prohibited act
Waste running into the Chesapeake bay - who take care of this - CORRECT ANSWER -
Critical area commission
Contact us secured by interest may rescind the contract in how many day - CORRECT
ANSWER - Five business days
Maximum penalty for unlicensed is - CORRECT ANSWER - 5,000 + two years jail
Inactive status for CTR - CORRECT ANSWER - $50
CTR uses residence home as model when they do what - CORRECT ANSWER -
Compensating appropriate and discounts are voided
Commission may request a full hearing after the decision of a hearing board within - CORRECT
ANSWER - 15 days
Guaranty fund min - CORRECT ANSWER - 250,000
CTR working on apt Buildings with 3 units - CORRECT ANSWER - Within the scope of
practice
Total amount CTR sales person can rep - CORRECT ANSWER -2
Dis approval from CTR must return deposit in how many days - CORRECT ANSWER -3
Commission meets how often - CORRECT ANSWER - Every two months
