License (Latest Update)
Questions & Answers| Grade A| 100%
Correct (Verified Solutions)
This Michigan Residential Builder's License is a 1,100+ comprehensive
practice Q&A exam. It simulates the actual 160-question PSI state exam,
featuring 50 business/law and 110 trade-related questions. It focuses on mastering
the Michigan Residential Code, safety standards, and project management under a
Complete Practice Exam Description
• Structure: Simulates the two-part, 160-question exam (50 Business &
Law, 110 Residential Trade).
• Content Covered: Covers 60-hour pre-licensure curriculum: Business
Management, Estimating, Job Costing, Contracts, Risk Management,
Marketing, Project Management, Safety (OSHA), and Michigan Residential
Code.
• Simulation Environment: Replicates the actual PSI exam interface,
allowing, flagging, and navigation practice.
• Performance Metrics: Tracks results, highlights weak areas, and
estimates readiness based on a 70% passing score requirement.
• Study Tools: Includes "book lookup" exercises to build familiarity with
permitted reference materials, aiming for a 95% practice score to ensure
passing.
1
, Quiz_________________?
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
Quiz_________________?
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
Quiz_________________?
On your individual builder's license application, what should you write as your
"business address"? -
Answer
Your personal address
Quiz_________________?
What is the cost of the individual builder's license? -
Answer
$195
2
, Quiz_________________?
After receiving your residential builder's license, what are the only trades that are
not covered by your license? -
Answer
-Plumbing
-Electrical
-HVAC
Quiz_________________?
Who is the TESTING company for the State of Michigan? -
Answer
PSI
Quiz_________________?
What is the name of the DEPARTMENT that regulates your license? -
Answer
LARA
Quiz_________________?
Before you may test, what must you do? -
Answer
3
, Present 2 forms of ID
Quiz_________________?
How should you schedule your test with PSI? -
Answer
-Online
-Phone/Fax
Quiz_________________?
When will you receive your test score? -
Answer
Immediately following the completion of the test
Quiz_________________?
What are the 2 parts of the Residential Builder's Exam? -
Answer
-Business & Law
-Practice & Trade
Quiz_________________?
4