MHIC Contractor License Exam Flashcards
Questions with correct Answers
Minimum value of home improvement work for MHIC license
All home improvement work requires a license regardless of cost
Required elements in a home improvement contract
Start and completion dates
Retention period for contracts and receipts by MHIC contractor
2 years
Purpose of the Maryland Home Improvement Guaranty Fund
To reimburse homeowners for losses due to licensed contractor misconduct
Prohibited advertising practice in home improvement
Using false or misleading claims
Down payment limit before starting work
One-third (33.3%) of the contract price
When a contractor can legally begin work
After a written contract is signed by both parties
Entity that issues the MHIC license in Maryland
The Maryland Department of Labor
Consequences of working with an expired MHIC license
They may face fines and criminal penalties
Questions with correct Answers
Minimum value of home improvement work for MHIC license
All home improvement work requires a license regardless of cost
Required elements in a home improvement contract
Start and completion dates
Retention period for contracts and receipts by MHIC contractor
2 years
Purpose of the Maryland Home Improvement Guaranty Fund
To reimburse homeowners for losses due to licensed contractor misconduct
Prohibited advertising practice in home improvement
Using false or misleading claims
Down payment limit before starting work
One-third (33.3%) of the contract price
When a contractor can legally begin work
After a written contract is signed by both parties
Entity that issues the MHIC license in Maryland
The Maryland Department of Labor
Consequences of working with an expired MHIC license
They may face fines and criminal penalties
