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MHIC Exam Review (Latest 2025/ 2026 Update) | Questions & Answers| Grade A| 100% Correct (Verified Solutions)

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MHIC Exam Review (Latest 2025/ 2026 Update) | Questions & Answers| Grade A| 100% Correct (Verified Solutions) Q: How many contractors may a salesperson represent? Answer: 2 Q: The following are exempt from licensure requirements: Associated Answers 1 employees for labor services 2 employees for clerical work 3 Salespersons 4 both a and b Answer: both a and b Q: What is the minimum amount of liability insurance needed? Answer: $50,000 Q: An applicant for licensure must have 2 years trade experience or comparable educational training. Answer: true Q: What is the cost of the initial application fee for a home improvement contractors' license? Answer: $250 Q: The Commission can ask an applicant for information about the applicant's... 1 character 2 experience 3 financial stability 4 all of the above Answer: All of the above Q: The financial information provided by an applicant is public information. Answer: No Q: If an application for a license is denied, the applicant can request a hearing within ______________ after the notice of denial is mailed. Answer: 10 days Q: A salesperson will not be issued a license until the salesperson becomes employed or contractually involved with a licensed contractor. Answer: True Q: What is the fee to place a license on inactive status? Answer: no more than $50 Q: A person whose license is put on inactive status... 1 must return their license to the State. 2 doesn't have to maintain the required liability insurance coverage. 3 must not do any contracting. 4 all of the above. Answer: All of the above Q: Must a contractor, sub-contractor, or salesperson who places their license on inactive status pay a fee to renew an inactive license? Answer: Yes Q: How many days does a licensee have to notify the Commission of change in control in ownership, management, address or trade name? Answer: 10 days Q: How many contractors may a salesperson represent? Answer: 2 Q: Jim Smith is a Sales Representative for ABC Construction. Can he accept a position as a Sales Representative for Top Notch Construction without first informing ABC Construction of his intentions and also informing Top Notch Construction of his existing situation with ABC Construction? Answer: No Q: When a sales person is no longer associated with a company they represented, the contractor must: Answer: give the commission written notice Q: The Commission may suspend or revoke a license if the licensee: 1 lies on their application 2 practices fraud while being licensed 3 is convicted of a felony 4 all of the above Answer: all of the above Q: A contractor may not pay a subcontractor who is required to be licensed unless the subcontractor holds the required license. Answer: True Q: Licensed Home Improvement Contractors are also required to hold a construction license issued by the Clerk of the Court under Title 17. Answer: False Q: Home owners have a right to bring a claim against the Guaranty Fund for situations of _________________________ concerning restoration, repair, replacement or completion that arise from unworkmanlike, inadequate, or incomplete home improvement. Answer: actual loss

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Institución
MHIC
Grado
MHIC

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MHICl Examl Reviewl (Latestl 2025/l 2026l
Update)l |l Questionsl &l Answers|l Gradel
A|l 100%l Correctl (Verifiedl Solutions)

Q:l Howl manyl contractorsl mayl al salespersonl represent?
Answer:
2



Q:l Thel followingl arel exemptl froml licensurel requirements:
Associatedl Answers
1l employeesl forl laborl services
2l employeesl forl clericall work
3l Salespersons
4l bothl al andl b

Answer:
bothl al andl b



Q:l Whatl isl thel minimuml amountl ofl liabilityl insurancel needed?
Answer:
$50,000



Q:l Anl applicantl forl licensurel mustl havel 2l yearsl tradel experiencel orl comparablel
educationall training.

Answer:
true



Q:l Whatl isl thel costl ofl thel initiall applicationl feel forl al homel improvementl
contractors'l license?

,Answer:
$250



Q:l Thel Commissionl canl askl anl applicantl forl informationl aboutl thel applicant's...
1l character
2l experience
3l financiall stability
4l alll ofl thel above

Answer:
Alll ofl thel above



Q:l Thel financiall informationl providedl byl anl applicantl isl publicl information.
Answer:
No



Q:l Ifl anl applicationl forl al licensel isl denied,l thel applicantl canl requestl al hearingl
withinl ______________l afterl thel noticel ofl deniall isl mailed.

Answer:
10l days



Q:l Al salespersonl willl notl bel issuedl al licensel untill thel salespersonl becomesl
employedl orl contractuallyl involvedl withl al licensedl contractor.

Answer:
True



Q:l Whatl isl thel feel tol placel al licensel onl inactivel status?
Answer:
nol morel thanl $50

,Q:l Al personl whosel licensel isl putl onl inactivel status...
1l mustl returnl theirl licensel tol thel State.
2l doesn'tl havel tol maintainl thel requiredl liabilityl insurancel coverage.
3l mustl notl dol anyl contracting.
4l alll ofl thel above.

Answer:
Alll ofl thel above



Q:l Mustl al contractor,l sub-contractor,l orl salespersonl whol placesl theirl licensel onl
inactivel statusl payl al feel tol renewl anl inactivel license?

Answer:
Yes



Q:l Howl manyl daysl doesl al licenseel havel tol notifyl thel Commissionl ofl changel inl
controll inl ownership,l management,l addressl orl tradel name?

Answer:
10l days



Q:l Howl manyl contractorsl mayl al salespersonl represent?
Answer:
2



Q:l Jiml Smithl isl al Salesl Representativel forl ABCl Construction.l Canl hel acceptl al
positionl asl al Salesl Representativel forl Topl Notchl Constructionl withoutl firstl informingl
ABCl Constructionl ofl hisl intentionsl andl alsol informingl Topl Notchl Constructionl ofl hisl
existingl situationl withl ABCl Construction?

Answer:
No

, Q:l Whenl al salesl personl isl nol longerl associatedl withl al companyl theyl represented,l
thel contractorl must:

Answer:
givel thel commissionl writtenl notice



Q:l Thel Commissionl mayl suspendl orl revokel al licensel ifl thel licensee:
1l liesl onl theirl application
2l practicesl fraudl whilel beingl licensed
3l isl convictedl ofl al felony
4l alll ofl thel above

Answer:
alll ofl thel above



Q:l Al contractorl mayl notl payl al subcontractorl whol isl requiredl tol bel licensedl unlessl
thel subcontractorl holdsl thel requiredl license.

Answer:
True



Q:l Licensedl Homel Improvementl Contractorsl arel alsol requiredl tol holdl al constructionl
licensel issuedl byl thel Clerkl ofl thel Courtl underl Titlel 17.

Answer:
False



Q:l Homel ownersl havel al rightl tol bringl al claiml againstl thel Guarantyl Fundl forl
situationsl ofl _________________________l concerningl restoration,l repair,l replacementl orl
completionl thatl arisel froml unworkmanlike,l inadequate,l orl incompletel homel improvement.

Answer:
actuall loss

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Institución
MHIC
Grado
MHIC

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Subido en
13 de mayo de 2025
Número de páginas
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Escrito en
2024/2025
Tipo
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