Exam Test Bank (Latest 2026/2027
Update) 1,200 Questions with Verified
Answers | 100% Correct| Graded A+
Question:
Who is the TESTING company for the State of Michigan??
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Answer:
PSI
Question:
What is the name of the DEPARTMENT that regulates your license??
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Answer:
LARA
Question:
Before you may test, what must you do??
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Answer:
Present 2 forms of ID
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,Question:
How should you schedule your test with PSI??
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Answer:
-Online
-Phone/Fax
Question:
When will you receive your test score??
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Answer:
Immediately following the completion of the test
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Question:
What are the 2 parts of the Residential Builder's Exam??
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Answer:
-Business & Law i,- i,- i,-
-Practice & Trade i,- i,-
,Question:
How long will you have to complete the Practice & Trade portion of the
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exam??
Answer:
180 mins
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Question:
What is a quick asset ratio??
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Answer:
1 to 1
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Question:
Under the carpentry section of the test, what does a "span table" tell us??
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Answer:
What species and what grade of lumbar a floor joist has to be to span a
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certain distance i,-
Question:
Which topics will be covered on the Practice & Trade portion of the
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exam??
Answer:
, -Carpentry
-Roofing
-Insulation
Question:
Do you need a Residential Builder's License to work on commercial
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projects??
Answer:
No
Question:
What is the 1st offense penalty for engaging in the practice of residential
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building without a license??
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Answer:
Not less than $5K and not more than $25K and/or 1 year
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Question:
What is the penalty for engaging in the practice of residential building,
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resulting in a death?? i,- i,- i,-
Answer:
Not less than $5K and not more than $50K and/or 4 years
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