ICA Module 2 Test Questions and Answers | 2026 Update | 100% Correct.

Which of the following is a real company legal structure? B corporation limited liability company (LLC) double proprietor bi-lateral partnership - ️️limited liability company (LLC) A sole proprietor: has no separation of liability if a claim is filed against you is more complicated for taxes is expensive to set up is the most complicated form of business legal structure - ️️has no separation of liability if a claim is filed against you A typical general liability insurance policy provides: $75,000 in coverage $10 to 20 million in coverage $1 to 2 million in coverage $5000 in coverage - ️️$1 to 2 million in coverage Which of these additional services is licensed in most (or all) states? termites EIFS energy audits mold - ️️termites The pre-inspection agreement (inspection contract): should be used only in states that require it should be signed by the client when the report is delivered should be signed by the client after the inspection is completed should be signed by the client before the inspection begins - ️️should be signed by the client before the inspection beginsThings you need to market your business: email, a website, and several billboards near major highways business cards, brochures, email and a decent website business cards, brochures, and a neighborhood mailing list business cards, brochures, email and newspaper advertising - ️️business cards, brochures, email and a decent website To promote your business, you should spend: 3-7% of your gross fees 15% of your gross fees 1-3% of your gross fees 10% of your gross fees - ️️3-7% of your gross fees You should consider doing a mailing to all past clients: when business slows down every three years monthly a couple of times a year - ️️a couple of times a year Which of these marketing methods is not effective for home inspectors? social media web sites yellow pages ads real estate agent marketing - ️️yellow pages ads Which of the following is not a common method of establishing an inspection fee? list price overall condition of the house number of rooms total square footage of house - ️️overall condition of the house