builders license exam 2023 with correct answers

regulates the building profession, including the work and licensing department of licensing and regulatory affairs Why is a builder's license required to perform residential work and not for commercial building? There is more fraud in residential building. What does a builder's license qualify the licensed builder to do? Build all of the home except for mechanical features. How long does the contractor have to complete both sections of the licensing exam? 1 year from the date stamped on the license application Why is it unwise to do business as a sole proprietorship? The risk of losing all personal assets if the project goes wrong. Two contractors that combine their commercial resources form a ______ . joint venture Who pays for planned or unforeseen changes made to the contract scope of work? Whomever is specified in the contract regarding such changes How much retainage may be held? Whatever is specified in the contract What determines your working capital? Assets - Liabilities What required bond is a percentage of the project cost put up by the builder to ensure the homeowner or business the project will eventually be completed Performance bond What is the biggest environmental/human concern created during masonry construction? Silicon dust. What is the layer of flashing installed over base flashing called? Counter flashing Who appoints the Director of the Department? The Governor w/consent of the Senate How long does the Board serve? 4yrs A Builder's incompetence refers to _________. their failure to conform to minimum accepted professional standards A complaint is _______ when it cannot be resolved at the informal investigative hearing. referred to the Administrative Law Hearing Examiner What body assesses the penalty and issues the "Final Order" to settle the complaint? The Board How long does the Respondent have to appeal the "Final Order" decision? 30 days