MHIC Exam with correct answers 2024

What is the passing score for the MHIC license? - correct answer 70% If you are conducting home improvement without a license on the first offense, what is the penalty? - correct answer $1000 fine, and not exceeding 6 months of prison. If you are conducting home improvement without a license on the first offense, what is the penalty? - correct answer $1.000 fine, and not exceeding 6 months in prison. Who is exempt in working without a home improvement license? - correct answer An employee of the license contractor. What is an EIN? - correct answer Employer Identification Number. When do you renew your home improvement license? - correct answer 2 years. The right to enforced any mechanical lien expires at the and of? - correct answer Every 1 yeas Which is not considered a home improvement? - correct answer Installing a fence Commission consist of how many members? - correct answer 7 An applicant for a contractor license shall have a minimum of how many experience? - correct answer 2 years Do you have to provide a credit score to apply for a contractors license? - correct answer True A contractor license authorizes the use of what type of license? - correct answer Contractor, subcontractor and to sale a home improvement contract If an applicant has a previous felony can the commission still grant him a contractors license? - correct answer True For sale a home improvement contract, Jenny Smith receives a compensation from the homeowner for being through and given her a good deal on the contract. Wha must Jenny do? - correct answer She may not accept the gift A person who's violets a contractor license is subject to a fine of $2.000 and 6 months in jail - correct answer False A foreman/supervisor is working at the site of a project, and sees that the plans of the contract can change to finish earlier. Wha must he do now? - correct answer Do not change the plans, only the contractor can change the plans Debit limitation means when a contractor cannot make a promissory note, arrange or prepare a greater monetary obligation then the ordinary agreed - correct answer True A contractor have been accepted by the homeowner in the amount of $9,500. What is the amount that the contractor can accept inicial payment? - correct answer $3,166.67 A mold remediation is completed by the residential owner. The area is more then 10 sqt. Does the homeowner need a mold remediation license? - correct answer True A contract was signed by the contractor on Friday at 5pm, but the hometown wishes to cancel the contract. When can the contractor be canceled? - correct answer Until Sunday at 12am