Builders Final Exam ( Updated 2025 ) 1 100
Complete Questions & Answers (Solved)
100% Correct
What is the cost for the individual builder's license? -
✔ANASWER✔-$195
What is the first offense penalty for engaging in the
practice of residential building without a license? -
✔ANASWER✔-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? -
✔ANASWER✔-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"? -
✔ANASWER✔-Your personal address
After receiving your residential builder's license, what are
the only trades not covered by your license? -
✔ANASWER✔-Plumbing, electrical, and HVAC
Who is the TESTING company for the State of Michigan? -
✔ANASWER✔-PSI
What is the name of the department that regulates your
license? - ✔ANASWER✔-LARA
,Before you may test you must - ✔ANASWER✔-present two
valid forms of identification
In order to schedule your test with PSI you may -
✔ANASWER✔-Schedule online, by mail, fax or phone
When will you receive your test score? - ✔ANASWER✔-as
soon as you complete the test
What are the 2 parts of the Residential Builder
Examination? - ✔ANASWER✔-Business and Law
examination/Practice and Trade examination
How long will you have to complete the Practice and Trade
portion of the exam? - ✔ANASWER✔-180 Minutes
What is a quick asset ratio? - ✔ANASWER✔-1 to 1
Under the Carpentry section of the test, what does a "span
table" tell us? - ✔ANASWER✔-what species and what
, grade of lumber a floor joist has to be to span a certain
distance
Which of the following topics will be covered on the
exam? - ✔ANASWER✔-Carpentry, Roofing, Insulation
Which is NOT a reason that you need a residential
business license? - ✔ANASWER✔-It allows you to work on
commercial properties
Where does most fraud occur? - ✔ANASWER✔-in the
residential market
As a builder, your licence falls under the regulation of -
✔ANASWER✔-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? -
✔ANASWER✔-6 individuals that have a licence or
registration in the occupation in which the board monitors
and 3 members of the general public
Complete Questions & Answers (Solved)
100% Correct
What is the cost for the individual builder's license? -
✔ANASWER✔-$195
What is the first offense penalty for engaging in the
practice of residential building without a license? -
✔ANASWER✔-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? -
✔ANASWER✔-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"? -
✔ANASWER✔-Your personal address
After receiving your residential builder's license, what are
the only trades not covered by your license? -
✔ANASWER✔-Plumbing, electrical, and HVAC
Who is the TESTING company for the State of Michigan? -
✔ANASWER✔-PSI
What is the name of the department that regulates your
license? - ✔ANASWER✔-LARA
,Before you may test you must - ✔ANASWER✔-present two
valid forms of identification
In order to schedule your test with PSI you may -
✔ANASWER✔-Schedule online, by mail, fax or phone
When will you receive your test score? - ✔ANASWER✔-as
soon as you complete the test
What are the 2 parts of the Residential Builder
Examination? - ✔ANASWER✔-Business and Law
examination/Practice and Trade examination
How long will you have to complete the Practice and Trade
portion of the exam? - ✔ANASWER✔-180 Minutes
What is a quick asset ratio? - ✔ANASWER✔-1 to 1
Under the Carpentry section of the test, what does a "span
table" tell us? - ✔ANASWER✔-what species and what
, grade of lumber a floor joist has to be to span a certain
distance
Which of the following topics will be covered on the
exam? - ✔ANASWER✔-Carpentry, Roofing, Insulation
Which is NOT a reason that you need a residential
business license? - ✔ANASWER✔-It allows you to work on
commercial properties
Where does most fraud occur? - ✔ANASWER✔-in the
residential market
As a builder, your licence falls under the regulation of -
✔ANASWER✔-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? -
✔ANASWER✔-6 individuals that have a licence or
registration in the occupation in which the board monitors
and 3 members of the general public
