Michigan Builders License Exam QBank | 757 Questions And Correct Answers What is the penalty for engaging in the practice of residential builders license, resulting in a death? - - not less than $5,000 and not more than $25,000 and/or four years on yo

Michigan Builders License Exam QBank | 757 Questions And Correct Answers What is the penalty for engaging in the practice of residential builders license, resulting in a death? - - not less than $5,000 and not more than $25,000 and/or four years on your individual builder's license application, what should you write as your "business address"? - -Your personal address After receiving your residential builder's license, what are the only trades not covered by your license - - Plumbing, electrical, and HVAC What is a quick asset ratio? - -1 to 1 What is the first offense penalty for engaging in the practice of residential building without a license - -not less than $5,000 and not more than $25,000 and/or one year Under the Carpentry section of the test, what does a "span table" tell us? - -what species and what grade of lumber a floor joist has to be to span a certain distance Who, upon completion of a hearing, shall assess a penalty or penalties? - -The Board If you fail to renew your license or registration on or before the expiration date, how many days do you have to resubmit with the proper payment and late fee? - -60 days When the department is investigating a complaint and finds evidence of a violation, what actions can be brought against the respondent? - -a citation | a formal complaint | a cease and desist order How many days after the adminstrative law hearings examiner hears the report, must a determination of penalites be made by the board? - -60 days What is a compliance conference? - -a meeting where the respondent meets with the department to discuss the complaint against them Which is NOT a reason that you need a residential business license? - -It allows you to work on commercial properties Where does most fraud occur? - -in the residential marke