Written by students who passed Immediately available after payment Read online or as PDF Wrong document? Swap it for free 4.6 TrustPilot
logo-home
Exam (elaborations)

MHIC Exam Review (Latest 2025/ 2026 Update) | Questions & Answers| Grade A| 100% Correct (Verified Solutions)

Rating
-
Sold
-
Pages
33
Grade
A+
Uploaded on
13-05-2025
Written in
2024/2025

MHIC Exam Review (Latest 2025/ 2026 Update) | Questions & Answers| Grade A| 100% Correct (Verified Solutions) Q: How many contractors may a salesperson represent? Answer: 2 Q: The following are exempt from licensure requirements: Associated Answers 1 employees for labor services 2 employees for clerical work 3 Salespersons 4 both a and b Answer: both a and b Q: What is the minimum amount of liability insurance needed? Answer: $50,000 Q: An applicant for licensure must have 2 years trade experience or comparable educational training. Answer: true Q: What is the cost of the initial application fee for a home improvement contractors' license? Answer: $250 Q: The Commission can ask an applicant for information about the applicant's... 1 character 2 experience 3 financial stability 4 all of the above Answer: All of the above Q: The financial information provided by an applicant is public information. Answer: No Q: If an application for a license is denied, the applicant can request a hearing within ______________ after the notice of denial is mailed. Answer: 10 days Q: A salesperson will not be issued a license until the salesperson becomes employed or contractually involved with a licensed contractor. Answer: True Q: What is the fee to place a license on inactive status? Answer: no more than $50 Q: A person whose license is put on inactive status... 1 must return their license to the State. 2 doesn't have to maintain the required liability insurance coverage. 3 must not do any contracting. 4 all of the above. Answer: All of the above Q: Must a contractor, sub-contractor, or salesperson who places their license on inactive status pay a fee to renew an inactive license? Answer: Yes Q: How many days does a licensee have to notify the Commission of change in control in ownership, management, address or trade name? Answer: 10 days Q: How many contractors may a salesperson represent? Answer: 2 Q: Jim Smith is a Sales Representative for ABC Construction. Can he accept a position as a Sales Representative for Top Notch Construction without first informing ABC Construction of his intentions and also informing Top Notch Construction of his existing situation with ABC Construction? Answer: No Q: When a sales person is no longer associated with a company they represented, the contractor must: Answer: give the commission written notice Q: The Commission may suspend or revoke a license if the licensee: 1 lies on their application 2 practices fraud while being licensed 3 is convicted of a felony 4 all of the above Answer: all of the above Q: A contractor may not pay a subcontractor who is required to be licensed unless the subcontractor holds the required license. Answer: True Q: Licensed Home Improvement Contractors are also required to hold a construction license issued by the Clerk of the Court under Title 17. Answer: False Q: Home owners have a right to bring a claim against the Guaranty Fund for situations of _________________________ concerning restoration, repair, replacement or completion that arise from unworkmanlike, inadequate, or incomplete home improvement. Answer: actual loss

Show more Read less
Institution
MHIC
Course
MHIC

Content preview

MHICl Examl Reviewl (Latestl 2025/l 2026l
Update)l |l Questionsl &l Answers|l Gradel
A|l 100%l Correctl (Verifiedl Solutions)

Q:l Howl manyl contractorsl mayl al salespersonl represent?
Answer:
2



Q:l Thel followingl arel exemptl froml licensurel requirements:
Associatedl Answers
1l employeesl forl laborl services
2l employeesl forl clericall work
3l Salespersons
4l bothl al andl b

Answer:
bothl al andl b



Q:l Whatl isl thel minimuml amountl ofl liabilityl insurancel needed?
Answer:
$50,000



Q:l Anl applicantl forl licensurel mustl havel 2l yearsl tradel experiencel orl comparablel
educationall training.

Answer:
true



Q:l Whatl isl thel costl ofl thel initiall applicationl feel forl al homel improvementl
contractors'l license?

,Answer:
$250



Q:l Thel Commissionl canl askl anl applicantl forl informationl aboutl thel applicant's...
1l character
2l experience
3l financiall stability
4l alll ofl thel above

Answer:
Alll ofl thel above



Q:l Thel financiall informationl providedl byl anl applicantl isl publicl information.
Answer:
No



Q:l Ifl anl applicationl forl al licensel isl denied,l thel applicantl canl requestl al hearingl
withinl ______________l afterl thel noticel ofl deniall isl mailed.

Answer:
10l days



Q:l Al salespersonl willl notl bel issuedl al licensel untill thel salespersonl becomesl
employedl orl contractuallyl involvedl withl al licensedl contractor.

Answer:
True



Q:l Whatl isl thel feel tol placel al licensel onl inactivel status?
Answer:
nol morel thanl $50

,Q:l Al personl whosel licensel isl putl onl inactivel status...
1l mustl returnl theirl licensel tol thel State.
2l doesn'tl havel tol maintainl thel requiredl liabilityl insurancel coverage.
3l mustl notl dol anyl contracting.
4l alll ofl thel above.

Answer:
Alll ofl thel above



Q:l Mustl al contractor,l sub-contractor,l orl salespersonl whol placesl theirl licensel onl
inactivel statusl payl al feel tol renewl anl inactivel license?

Answer:
Yes



Q:l Howl manyl daysl doesl al licenseel havel tol notifyl thel Commissionl ofl changel inl
controll inl ownership,l management,l addressl orl tradel name?

Answer:
10l days



Q:l Howl manyl contractorsl mayl al salespersonl represent?
Answer:
2



Q:l Jiml Smithl isl al Salesl Representativel forl ABCl Construction.l Canl hel acceptl al
positionl asl al Salesl Representativel forl Topl Notchl Constructionl withoutl firstl informingl
ABCl Constructionl ofl hisl intentionsl andl alsol informingl Topl Notchl Constructionl ofl hisl
existingl situationl withl ABCl Construction?

Answer:
No

, Q:l Whenl al salesl personl isl nol longerl associatedl withl al companyl theyl represented,l
thel contractorl must:

Answer:
givel thel commissionl writtenl notice



Q:l Thel Commissionl mayl suspendl orl revokel al licensel ifl thel licensee:
1l liesl onl theirl application
2l practicesl fraudl whilel beingl licensed
3l isl convictedl ofl al felony
4l alll ofl thel above

Answer:
alll ofl thel above



Q:l Al contractorl mayl notl payl al subcontractorl whol isl requiredl tol bel licensedl unlessl
thel subcontractorl holdsl thel requiredl license.

Answer:
True



Q:l Licensedl Homel Improvementl Contractorsl arel alsol requiredl tol holdl al constructionl
licensel issuedl byl thel Clerkl ofl thel Courtl underl Titlel 17.

Answer:
False



Q:l Homel ownersl havel al rightl tol bringl al claiml againstl thel Guarantyl Fundl forl
situationsl ofl _________________________l concerningl restoration,l repair,l replacementl orl
completionl thatl arisel froml unworkmanlike,l inadequate,l orl incompletel homel improvement.

Answer:
actuall loss

Written for

Institution
MHIC
Course
MHIC

Document information

Uploaded on
May 13, 2025
Number of pages
33
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

$11.99
Get access to the full document:

Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF


Also available in package deal

Thumbnail
Package deal
MHIC Exams (Latest 2025/ 2026 Updates STUDY BUNDLE PACKAGE WITH SOLUTIONS) | Questions & Answers| Grade A| 100% Correct (Verified Solutions)
-
5 2025
$ 25.99 More info

Get to know the seller

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
nurse_steph Rasmussen College
View profile
Follow You need to be logged in order to follow users or courses
Sold
9822
Member since
5 year
Number of followers
5153
Documents
8162
Last sold
12 hours ago
Exams, Study guides, Reviews, Notes

All study solutions.

3.9

1746 reviews

5
893
4
305
3
263
2
81
1
204

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Working on your references?

Frequently asked questions