Michigan Builders License Exam Study Guide Rated A+

Michigan Builders License Exam Study Guide Rated A+ What is the first offense penalty for engaging in the practice of residential building without a license? ✔✔Not less than $5,000 and not more than $25,000 and/or one year in prison. Subsequent violations can extend the prison time to up to 2 years . What is the penalty for engaging in the practice of residential builders license, resulting in a death? ✔✔Not less than $5,000 and not more than $25,000 and/or four years in prison On your individual builder's license application, what should you write as your "business address"? ✔✔Your personal address What is the cost for the individual builder's license? ✔✔$195 After receiving your residential builde r's license, what are the only trades not covered by your license? ✔✔Plumbing, electrical, and HVAC Who is the TESTING company for the State of Michigan? ✔✔PSI What is the name of the department that regulates your license? ✔✔LARA What are the 2 parts of the Residential Builder Examination? ✔✔Business and Law examination/Practice and Trade examination What is a good quick asset ratio? ✔✔1 to 1 Under the Carpentry section of the test, what does a "span table" tell us? ✔✔What specie s and what grade of lumber a floor joist has to be to span a certain distance Which is NOT a reason that you need a residential business license? It allows you to be able to file a lein on property It allows you to pull a residential permit It allows you to file a lawsuit if necessary It allows you to work on commercial properties ✔✔It allows you to work on commercial properties Where does most fraud occur? ✔✔In the residential market As a builder, your license falls under the regulation of: ✔✔Both rules by the director and board as well as laws of the state of Michigan What is the make up of the 9 members of the board? ✔✔4 residential builders, 2 M + A contractors, and 3 members of the general public Under the definition of occupational code, what does the word "limitation" refer to? ✔✔A condition, stricture, restraint or probation attached to a license relative to the scope of practice Who, upon completion of a hearing, shall assess a penalty or penalties? ✔✔The Board If you fail to renew your licens e or registration on or before the expiration date, how many days do you have to resubmit with the proper payment and late fee? ✔✔60 days When the department is investigating a complaint and finds evidence of a violation, what actions can be brought again st the respondent? ✔✔A cease and desist order, a formal complaint, and/or a citation How many days after the administrative law hearings examiner hears the report, must a determination of penalties be made by the board? ✔✔60 days What is a compliance conference? ✔✔A meeting where ONLY the respondent meets with the department to discuss the complaint against them Which of the following terms means a premise used or intended to be used for a residential purpose and related facilitie s appurtenant to the premises used or intended to be used as an adjunct of residential occupancy? ✔✔Residential structure An employee other than the listed salesperson may make a sale when: ✔✔It is occasional and incidental to the person's principal emplo yment The following are reasons that someone would be allowed to operate without a residential business license: ✔✔- They are an authorized representative of the United States government - They are the owner of a rental property with reference to the main tenance and alteration of that rental property - An owner of property with reference to a structure on the property for the owner's own use and occupancy