Home Improvement #15 EXAM with 100% correct answers already graded A+ 2024.

b. have a written contract if the total cost of a project exceeds $500, a contract MUST: a. obtain a contract bond b. have a written contract c. have performance and payment bond d. have a safety environmental inspection a. owner who must initiate the 3-day notice of cancellation? a. owner b. contractor c. bonding company d. building department d. prior to entering into the contract when is the contractor required to provide the owner with the Notice to Owner? a. at groundbreaking b. at final inspection c. after first progress payments d. prior to entering into the contract c. consent was obtained by trickery or deceit a home improvement contract can be canceled if: a. it is signed on a Sunday b. the consumer waits for 3 business days c. consent was obtained by trickery or deceit d. both parties do not consent at the same time b. be in good standing at the time of dispute to qualify for the Contractors State License Board's arbitration program, a contractor must: a. have no more than 2 previous violations b. be in good standing at the time of dispute c. attend Contractors State License Board seminar on arbitration rules d. pay arbitration costs into the Contractors State License board's escrow fund d. violation of the business and professions code Failure to substantially commence work within 20 days from an approximate starting date specified in the contract, without lawful excuse is a: a. class C misdemeanor b. violation of the performance board c. violation of the Home Solicitation Sales Act d. violation of the business and professions code c. 8 - point roman boldface type -red print the contractors disciplinary disclosure notice must be capital letters and in which of the following types? a. 1- point italic type b. 10 - point italic - red paint c. 8 - point roman boldface type -red print d. 6 - point roman boldface type - red print c. a change order When a contractor and owner agree to add another bathroom to the house after the original contract is in force, it is necessary for the contractor to secure: a. more money b. extra time c. a change order d. more square footage to complete the job b. Plans and specifications Most home improvement contracts require which of the following: a. Approval of an attorney b. Plans and specifications c. Building inspector review d. Planning Department approval a. before signing the contract or agreeing to a price At what point in time should a home improvement contractor specifically explain the plans and specifications to the homeowner: a. before signing the contract or agreeing to a price b. before agreeing to a price, but after starting the job c. after signing the contract and before starting the job d. after signing the contract, but before the first pay job d. contractor Before Signing a home improvement contract, the owner is responsible for reviewing all plans and specifications with the a. engineer b. designer c. architect d. contractor c. $850 a license contractor signs a home improvement contract for $8500. what is the minimum down payment the contractor may receive: a. $425 b. $500 c. $850 d. $1000 a. over the original contract a joint control addendum takes precedence (see page 141): a. over the original contract b. when the payments exceed %110 c. when there is a labor dispute d. over a preliminary lean notice a. contractor helps the buyer obtain a loan the recession provisions of Business and Professions Cods 7163 (Truth and Lending Act) applied if the: a. contractor helps the buyer obtain a loan b. improvement contract is sold by a sales person c. funds are provided by any govt agency d. value of the home improvement contract exceeds $10,000 d. obtainment of a loan is the condition precedent to the home improvement contract when there is a third party lender, the recession provisions of Business and Professions Code 7163 ( Truth and Lending Act) apply if the: a. improvement contract is sold by a salesperson b. funds are to be provided by any govt agency c. value of the home improvement contract exceeds $10,000 d. obtainment of a loan is the condition precedent to the home improvement contract d. licensed contractor a home improvement salesperson must be employed by a: a. lender b. manufacturer c. material supplier d. licensed contractor d. notify owners of money owed and insure payment to the supplier or subcontractor a preliminary lean notice for a home improvement project is used to: a. obtain a building permit b. obtain financing for the project c. protect the contractor against financial loss d. notify owners of money owed and insure payment to the supplier or subcontractor b. lender who of the following may require the contractor to obtain a performance and payment bond? a. tenant b. lender c. subcontractor d. Contractor State License Boards d. 10 years California law limits the time that a consumer may make a complaint on a latent defect. How many years does the consumer have for this type of complaint? a. 2 years