2025/2026 Actual Complete Real Exam Questions & Correct
Answers | 100% Verified solutions | 2025 latest Exam
Version!!
Notice of compliance with the Homebuyers Protection Act is
required for sale of new residential property costing at least
________ completed within 3 months of the sale of property
- 50000
- 200000
- 20000
- 100000 - ANSWER-50000
Which one of the following businesses is classified as exempt
from providing workers compensation?
- A sole proprietor who employs his brother
- Partnerships with employees who are not family members but
are only paid minimum wage
- Partnerships with no employees where all of the partners are
immediate family members
- Corporation with three corporate officers that are family
members and one employee that works part time - ANSWER-
, Partnerships with no employees where all of the partners are
immediate family members
A limited liability company (LLC) is an unincorporated
association that has:
- One or more
members
- Absolute personal liability
protection
- Ownership through cash
buy-in only
- A requirement that managers be members - ANSWER-One or
more members
True or False
Minors 14 & 15 years of age cannot work at construction sites
or where powerdriven machinery is being used - ANSWER-True
As of 2018, Oregon's minimum wage of the 15 non-rural
counties outside of
Portland was set as follows: - ANSWER-
$10.75 per hour
If your company uses a policy guide, list, or employee
handbook, all new hires should:
,- Be expected to commit it to memory
- Sign a form confirming that they received that information
- Be tested on it
- Be asked to keep it confidential - ANSWER-Sign a form
confirming that they received that information
Commercial general contractor's level 1 with 5 or more
employees must
complete ____ hours of continuing education
requirements
- 48
- 80
- 64
- 32 - ANSWER-
80
Special types of Contracts intentionally entered into in
construction include - Implied
- Unilateral
- Lump-sum
- Quasi - ANSWER-Lump-sum
A residential contractor licensed by the CCB for less than 6
years, and his or
, her ___________ has less than 6 years' experience, an
additional 8 hours of
training is
required
-
Subcontractor
- Responsible managing
individual (RMI)
- Supervisor
- General Contractor - ANSWER-Responsible managing
individual (RMI)
The prevailing wage rate (PWR), is also referred to as:
- "Little Davis Bacon Act"
- "Sarbanes-Oxley Act"
- "Mason-Dixon Act"
- "Sherman Antitrust Act" - ANSWER-"Little Davis Bacon Act"
A person who engages in a business or activity that involves
construction new
water wells must possess a license from the: - ANSWER-
Oregon Water
Resource Department
(OWRD)