California Contractors License Test Class Questions with correct answers

does certain construction on commercial agricultural property The contractor surety Bond necessary for most contractors to obtain their license is in the amount of CORRECT ANSWER $15,000 When licensed as a Sole Proprietor the license belongs to CORRECT ANSWER the Company Which is true of an inactive license? CORRECT ANSWER Must be renewed every 4 Years How many classifications can an RME apply for? CORRECT ANSWER As many classifications as he or she can qualify for. A prime contractor shall pay his or her subcontractors CORRECT ANSWER within 7 days of receipt of each progress payment A contractor wants to use a fictitious name as a business name style. When does the fictitious name statement needed to be filed? CORRECT ANSWER Before conducting Business During a declared state of emergency how much may a contractor increase his prices? CORRECT ANSWER 10%above the price just prior to the declared state of emergency.