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MARYLAND HOME IMPROVEMENT SALESPERSON EXAM PREP QUESTIONS WITH VERIFIED ANSWERS

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MARYLAND HOME IMPROVEMENT SALESPERSON EXAM PREP QUESTIONS WITH VERIFIED ANSWERS When must a contractor's home improvement license be renewed? - ANSWER By June 30th- every 2 years What is the initial assessment for the home improvement guaranty fund of every home improvement contractor? - ANSWER $100 Requirement of a home improvement contract - ANSWER The customer is given a signed copy of the contract before work begins What is the maximum deposit a contractor may require to build a deck attached to a house if the total contract if for $5400 - ANSWER $1800 A contractor specializes in building decks. What is the most important item in his advertising? - ANSWER His name and license number An applicant for or holder of a subcontractor license must have general liability insurance of not less than what amount? - ANSWER $50,000 What is the license application fee for a salesperson license? - ANSWER $120 Which person is required to obtain a Maryland home improvement license? - ANSWER A contractor who works in Maryland but whos principal place of business is not in Maryland. A home improvement contractor has contracted for and constructed a garbage. The roof failed to support the snow load the following winter, damaging both rood and the owner car. The contractor repaired the roof, but refuses to pay for repairs to the car. How much may the property owner recover from the home improvement guaranty fund for repairs to his car? - ANSWER Nothing A successful salesperson for a single contractor wants to expand his income by representing additional contractors. How many additional contractors may he represent. - ANSWER 1

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