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California Contractor B License Law & Business | Class B Exam Study Guide

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California Contractor B License Law & Business | Class B Exam Study Guide

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Contractor B license california law and business
Contractor B license california law and business
Study online at https://quizlet.com/_bs29mw

1. Who must be licensed as a contrac- Anyone who constructs or alters on any job that costs
tor? 500 dollars or more labor and material

2. What are the contractor license General A
classifications General B
General B-2
C specialty contractor

3. License may be issued to Individual (sole owner, sole proprietor)
Partnership (part.)
Corporation (corp.)
Limited liability company (LLC)
Joint Venture

4. Active licenses are renewed on 2,4
every ___ years and inactive every
___ years

5. How long is a license valid two year period. expires two years from the last day of
the month it was issued. (Example : if issued June 19,
2022, it expires June 31, 2024

6. What is a joint venture license Two or more qualifiers of different licenses who seek
to combine their licenses and expertise for a specific
project.

7. Exceptions on who must have a li- Installing security systems, installing satellite antenna
cense systems on residential structures or property, public
personnel working on public projects, public utili-
ties working under specific conditions, certain con-
struction on commercial agricultural property, owner
builders, work on a project for which labor and mate-
rial is less that $500


, Contractor B license california law and business
Contractor B license california law and business
Study online at https://quizlet.com/_bs29mw


8. One may qualify for how many As many classifications as one can show four years of
more classifications? experience

9. Individual license The owner or Responsible Managing Employee (RME)

10. Limited Liability Company (LLC) Responsible Managing Officer (RMO), or as a Re-
sponsible Managing Employee (RME), or as a Re-
sponsible Managing Manager, or as a Responsible
Managing Member

11. Partnership license One of the Partners or Responsible Managing Em-
ployee (RME)

12. Corporation License One of the Corporate Officers as a Responsible Man-
aging Officer (RMO) or a Responsible Managing Em-
ployee (RME)

13. A responsible managing employee May act as a qualifying individual for ONE active li-
cense only. RME has no ownership

14. One may act as the qualifier on 20% or more of each business entity or company
more than one active license if the
qualifier owns at least

15. A qualifying partner may serve 3 active licenses (firms) in any One year period
as the qualifying individual for no
more than

16. Sole owner Up to 3 active licenses

17. RME must be employed at least 32 hours per week or 80% or the total business oper-
ating hours




, Contractor B license california law and business
Contractor B license california law and business
Study online at https://quizlet.com/_bs29mw

18. Denial of a license, subject to auto- 1 year
matic exam failure, and you would
not be allowed to apply for any li-
cense classification for a period of

19. Being charged with misdemeanor Also automatic exam failure
charges having a maximum penal-
ty of six months in county jail and
or maximum fine of $500. Payment
damages of up to $10k plus the
costs of litigation and a county jail
sentence

20. In order for you to receive your li- $15,000
cense, you must submit a contrac-
tor's surety bond in the amount of

21. A Disciplinary bond may be re- $15,000 and 10 times the license bond (15k x 10 =
quired amounting to between the $150k)
minimum of

22. If the RME or RMO dies, the license 90
(corporation) has __ days in which to
replace the RME or RMO

23. If you use someone else's contrac- $10,000 or imprisonment for not more than 1 year
tors license, you can be punished by
a fine not to exceed

24. Failure to obtain permits Fine of double the normal building permit fees

25. Payment of subcontractors by Not later than 7 days
prime contractors

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