Michigan Residential Builder's License (Latest update ) 100% solved.

What is the 1st offense penalty for engaging in the practice of residential building without a license? - Answer- Not less than $5K and not more than $25K and/or 1 year What is the penalty for engaging in the practice of residential building, resulting in a death? - Answer- Not less than $5K and not more than $50K and/or 4 years On your individual builder's license application, what should you write as your "business address"? - Answer- Your personal address What is the cost of the individual builder's license? - Answer- $195 After receiving your residential builder's license, what are the only trades that are not covered by your license? - Answer- -Plumbing -Electrical -HVAC Who is the TESTING company for the State of Michigan? - Answer- PSI What is the name of the DEPARTMENT that regulates your license? - Answer- LARA Before you may test, what must you do? - Answer- Present 2 forms of ID How should you schedule your test with PSI? - Answer- -Online -Mail -Phone/Fax When will you receive your test score? - Answer- Immediately following the completion of the test What are the 2 parts of the Residential Builder's Exam? - Answer- -Business & Law -Practice & Trade How long will you have to complete the Practice & Trade portion of the exam? - Answer- 180 mins What is a quick asset ratio? - Answer- 1 to 1 Under the carpentry section of the test, what does a "span table" tell us? - Answer- What species and what grade of lumbar a floor joist has to be to span a certain distance Which topics will be covered on the Practice & Trade portion of the exam? - Answer- - Carpentry -Roofing -Insulation Do you need a Residential Builder's License to work on commercial projects? - Answer- No Where does the most fraud occur? - Answer- The residential market