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What is the first offense penalty for engaging in the
practice of residential building without a license -
CORRECT ANSWER not less than $5,000 and not more than
$25,000 and/or one year
,What is the penalty for engaging in the practice of
residential builders license, resulting in a death? -
CORRECT ANSWER 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"? -CORRECT
ANSWER Your personal address
After receiving your residential builder's license, what are
the only trades not covered by your license -CORRECT
ANSWER Plumbing, electrical, and HVAC
What is a quick asset ratio? -CORRECT ANSWER 1 to 1
Under the Carpentry section of the test, what does a
"span table" tell us? -CORRECT ANSWER 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? -CORRECT ANSWER 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? -
CORRECT ANSWER 60 days
When the department is investigating a complaint and
finds evidence of a violation, what actions can be
brought against the respondent? -CORRECT ANSWER 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? -CORRECT ANSWER 60
days
, What is a compliance conference? -CORRECT ANSWER 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? -CORRECT ANSWER It allows you to work
on commercial properties
Where does most fraud occur? -CORRECT ANSWER in the
residential market
As a builder, your licence falls under the regulation of -
CORRECT ANSWER Both rules by the director and board as
well as laws of the state of Michigan
What is the make up of the 9 members of the board? -
CORRECT ANSWER 4 residential builders, 2 M + A
contractors, and 3 members of the general public