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Exam (elaborations)

RESIDENTIAL BUILDER-S SALESPERSON PRACTICE EXAM QUESTIONS WITH COMPLETE ANSWERS

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RESIDENTIAL BUILDER-S SALESPERSON PRACTICE EXAM QUESTIONS WITH COMPLETE ANSWERS

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The National Do-Not-Call Registry applies to all organizations who sell goods or
services through intestate phone calls. The exception to the law is ____________________


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Political organizations, charities, telephone surveyors

,When contracting with a builder to build a house from a set of plans, the builder must
provide to the purchase_____________


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A set of plans, a set of specs, and a fully executed copy of all agreements
between them.




No one may take any of the following actions based on race, color, national origin,
religion, sex, familial status or handicap


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Refuse to rent or sell housing, refuse to negotiate for housing, or make
housing unavailable




Who is the only person within a company that isn't required to hold a salespersons
license when acting as a salesperson?


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The qualifying person




Public Act 299 provides for licensing and the right to engage in business as _______

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A salesperson, residential builder, and M&A contractor




Project overhead can include ______________


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Cost of sanitary facilities, financing costs, and cost of blueprints




Costs that are incurred by a contractor that do not directly relate to production, such as
the cost incurred for insuring the project, are called ___________


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Project Overhead




If the contract states that a certain percentage of the contract's funds will be withheld
from the contractor until the entire project is completed, the withheld funds are called
______________________


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Retainage

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