Oregon Construction Contractors CCB Test BANK
FINAL EXAM 2026-2027/COMPLETE ACTUAL EXAM
QUESTIONS AND CORRECT ANSWERS (VERIFIED
ANSWERS) ALREADY GRADED A+ PASS
GUARANTEED
Which one of the following entities is required to carry workers
compensation?
- An LLC when all members are family members, with no
employees
- A corporation with two members that are not family and is
classified as a residential contractor
- A limited liability partnership when all four employees
are family members, but not members of the LLP
- A sole proprietor who does not have any employees and only
works on residential homes
A limited liability partnership when all four employees are
family members, but not members of the LLP
,If the license is currently active, or the contractor wants to
reactivate an inactive license, the following must be on file in
order to renew:
- A current Certificate of Insurance in the proper amount
- All of these are needed
- Evidence of completed continuing education
- A current bond in the proper amount
All of these are needed
,An owner-seller may comply with the Homebuyers Protection
Act (HPA) by:
- Doing any of these
- Purchasing title insurance that does not exclude filed or
unfiled claims of lien,
- Obtaining lien waivers or releases
- Retaining at least 25% of the sales price in escrow
- Doing any of these
- Purchasing title insurance that does not exclude filed or
unfiled claims of lien,
- Obtaining lien waivers or releases
- Retaining at least 25% of the sales price in escrow
What are the possible consequences that a contractor may face
if he or she fails to provide the information to the Owner About
Construction Liens when required?
- All of these are correct
- Contractor may be fined
- Contractor may lose lien rights
- Contractor may have CCB license suspended
- All of these are correct
- Contractor may be fined
- Contractor may lose lien rights
- Contractor may have CCB license suspended
, Withheld taxes are considered to be "_____________" funds that do
not belong to the business and cannot be used for any other
purpose.
Trust
The major purpose of the building exterior shell is to:
Provide protection for the building at its exterior boundaries and
to enclose a suitable interior environment
A project manager can be involved in more than one
construction project at the same time.
True
FINAL EXAM 2026-2027/COMPLETE ACTUAL EXAM
QUESTIONS AND CORRECT ANSWERS (VERIFIED
ANSWERS) ALREADY GRADED A+ PASS
GUARANTEED
Which one of the following entities is required to carry workers
compensation?
- An LLC when all members are family members, with no
employees
- A corporation with two members that are not family and is
classified as a residential contractor
- A limited liability partnership when all four employees
are family members, but not members of the LLP
- A sole proprietor who does not have any employees and only
works on residential homes
A limited liability partnership when all four employees are
family members, but not members of the LLP
,If the license is currently active, or the contractor wants to
reactivate an inactive license, the following must be on file in
order to renew:
- A current Certificate of Insurance in the proper amount
- All of these are needed
- Evidence of completed continuing education
- A current bond in the proper amount
All of these are needed
,An owner-seller may comply with the Homebuyers Protection
Act (HPA) by:
- Doing any of these
- Purchasing title insurance that does not exclude filed or
unfiled claims of lien,
- Obtaining lien waivers or releases
- Retaining at least 25% of the sales price in escrow
- Doing any of these
- Purchasing title insurance that does not exclude filed or
unfiled claims of lien,
- Obtaining lien waivers or releases
- Retaining at least 25% of the sales price in escrow
What are the possible consequences that a contractor may face
if he or she fails to provide the information to the Owner About
Construction Liens when required?
- All of these are correct
- Contractor may be fined
- Contractor may lose lien rights
- Contractor may have CCB license suspended
- All of these are correct
- Contractor may be fined
- Contractor may lose lien rights
- Contractor may have CCB license suspended
, Withheld taxes are considered to be "_____________" funds that do
not belong to the business and cannot be used for any other
purpose.
Trust
The major purpose of the building exterior shell is to:
Provide protection for the building at its exterior boundaries and
to enclose a suitable interior environment
A project manager can be involved in more than one
construction project at the same time.
True
