Michigan Residential Builder Licensing Exam 2023 Exam Questions with 100% Correct Answers

M&A contractors include: Correct Answer A = Carpentry B = Concrete D = Excavation G = Insulation Work I = Masonry J = Painting & Decorating K = Siding M = Roofing If more than one office is used for work, the branch office must be __________ Correct Answer Licensed The one who obtains the residential builder's license is called a _____________ ____________ Correct Answer Qualifying Officer First Offense for practicing without a license Correct Answer Misdemeanor fine of $5,000 - $25,000 or prison for not more than 1 year, or both. Second offense for practicing without a license Correct Answer Misdemeanor fine of $5,000 - $25,000 or prison for not more than 2 years, or both. Death or serious injury Correct Answer Felony fine of $5,000 - $25,000 or prison for not more than 4 years, or both. Define a Residential Builder Correct Answer A person or entity who is involved in the construction of a residential structure or a combination residential and commercial structure. Define M&A contractor Correct Answer Person who for a fixed sum/price other than wages for personal labor for the repair, alteration, or addition/improvement to residential/commercial or residential structure. Salesperson Correct Answer employee of agent other than a qualifying officer who sells business for the contractor. who reissues licenses for salespeople? Correct Answer LARA (The Department)