Maryland Home Improvement - Practice Test (PSI)
Questions And Correct Answers!!
A Home Improvement Contractor is one who offers to
perform repairs for a homeowner.
What is the MAXIMUM deposit allowed for a project with a total contract price of $1,500?
a) $150
b) $500
c) $750
d) $1,500
$500
What is the MAXIMUM amount that a home improvement contractor may pay to a
homeowner for referring a client to the contractor?
The contractor is NOT allowed to pay the homeowner for referrals.
Which of the following is a business day with respect to the time permitted for
cancellation of a door-to-door sales contract?
a) Columbus Day
b) Veteran's Day
c) Election Day
d) Washington's Birthday
, Answer: c) Election Day.
All door-to-door sales contracts MUST include
the name and address of the seller.
A project costs $1,000 for goods and services. It also contains a $50 delivery charge,
and $125 in interest. What is the purchase price on this contract?
$1,175.
A contract is signed at noon on Thursday, September 20. The buyer can rescind this
contract any time until
a) midnight on Sunday, September 23.
b) midnight on Monday, September 24.
c) noon on Tuesday, September 25.
d) noon on Thursday, September 27.
noon on Thursday, September 27.
All of the following information on the "Notice of Cancellation" MUST be filled in by the
seller prior to giving the form to the buyer EXCEPT the
a) name of the seller
b) purchase price
c) date of the transaction
d) latest cancellation date
purchase price.
Questions And Correct Answers!!
A Home Improvement Contractor is one who offers to
perform repairs for a homeowner.
What is the MAXIMUM deposit allowed for a project with a total contract price of $1,500?
a) $150
b) $500
c) $750
d) $1,500
$500
What is the MAXIMUM amount that a home improvement contractor may pay to a
homeowner for referring a client to the contractor?
The contractor is NOT allowed to pay the homeowner for referrals.
Which of the following is a business day with respect to the time permitted for
cancellation of a door-to-door sales contract?
a) Columbus Day
b) Veteran's Day
c) Election Day
d) Washington's Birthday
, Answer: c) Election Day.
All door-to-door sales contracts MUST include
the name and address of the seller.
A project costs $1,000 for goods and services. It also contains a $50 delivery charge,
and $125 in interest. What is the purchase price on this contract?
$1,175.
A contract is signed at noon on Thursday, September 20. The buyer can rescind this
contract any time until
a) midnight on Sunday, September 23.
b) midnight on Monday, September 24.
c) noon on Tuesday, September 25.
d) noon on Thursday, September 27.
noon on Thursday, September 27.
All of the following information on the "Notice of Cancellation" MUST be filled in by the
seller prior to giving the form to the buyer EXCEPT the
a) name of the seller
b) purchase price
c) date of the transaction
d) latest cancellation date
purchase price.
