MN Contractors Questions and answers
2025
Who .applies .for .a .license?
a)The .owner .of .a .sole .proprietorship
b)At .least .one .general .partner .or .managing .employee .of .a .partnership
c)A .Chief .Executive .Officer, .responsible .managing .employee .or .qualifying
.person .in .a .corporation
d)All .of .the .above .- .ANS✓✓-D) .All .of .the .above
A .person .can .be .a .qualifying .person .for .two .corporations .if .at .least .25% .of
.each .corporation .has .common .ownership, .or .the .second .corporation .is .a
.subsidiary .of .the .parent .corporation .with .at .least .25% .owned .by .the .parent.
a) .True
b) .False .- .ANS✓✓-a) .True
A .person .who .fails .to .apply .for .renewal .by .March .31st .is .considered .licensed
.for .30 .days, .or .until .the .new .license .is .issued .by .the .Commissioner.
a) .True
b) .False .- .ANS✓✓-b) .False
Who .is .responsible .for .determining .who .is .qualified .to .be .licensed .by .the .State
.of .Minnesota?
a) .Department .of .Labor .and .Industry
b) .Department .of .Regulatory .Affairs
c) .Builders .Bureau
d) .The .Board .- .ANS✓✓-a) .Department .of .Labor .and .Industry
Anyone .in .the .business .of .building .residential .real .estate, .or .who .contracts .or
.offers .to .improve .residential .real .estate, .must .be .licensed, .unless .yearly .gross
.receipts .are .less .than .$15,000 .and .they .have .received .a .Certificate .of
.Exemption .from .the .Department .of .Commerce.
a) .True
b) .False .- .ANS✓✓-a) .True
, The .licensing .process .requires .each .company .to .designate .one .individual .who
.will .serve .as .a .____________ ., .regardless .of .whether .the .licensee .is .an
.individual .proprietorship, .partnership .or .corporation.
a) .managing .partner
b) .qualifying .person
c) .project .manager
d) .CEO .- .ANS✓✓-b) .qualifying .person
The .maximum .payment .per .claim .paid .out .of .the .Contractor .Recovery .Fund .is:
a) .$15,000
b) .$20,000
c) .$75,000
d) .$60,000 .- .ANS✓✓-c) .$75,000
The .maximum .payment .per .licensee .out .of .the .Contractor .Recovery .Fund .(not
.the .accelerated .process) .is .__________ ..
a) .$10,000
b) .$45,000
c) .$150,000
d) .$75,000 .- .ANS✓✓-c) .$150,000
It .is .a .law .that .you .must .notify, .in .writing, .if .you .change .your .business .name .or
.your .address .where .you .conduct .business, .within:
a) .10 .days
b) .15 .days
c) .20 .days
d) .30 .days .- .ANS✓✓-b) .15 .days
The .following .are .exempt .from .being .licensed:
a) .Employees .of .a .licensed .builder
b) .Anyone .furnishing, .but .not .installing .products
c) .Property .owners .who .do .the .work .themselves .(permitted .to .sell .1 .property
.per .24 .months)
d) .All .of .the .above .- .ANS✓✓-d) .All .of .the .above
What .is .the .primary .reason .Minnesota .requires .contractors .to .be .licensed?
a) .To .monitor .ability
b) .To .protect .public .health, .safety .and .welfare
c) .To .collect .fees
d) .All .of .the .above .- .ANS✓✓-b) .To .protect .public .health, .safety .and .welfare
A .person .or .business .that .only .provides .one .special .skill .isn't .required .to .be
.licensed, .with .the .exception .of:
2025
Who .applies .for .a .license?
a)The .owner .of .a .sole .proprietorship
b)At .least .one .general .partner .or .managing .employee .of .a .partnership
c)A .Chief .Executive .Officer, .responsible .managing .employee .or .qualifying
.person .in .a .corporation
d)All .of .the .above .- .ANS✓✓-D) .All .of .the .above
A .person .can .be .a .qualifying .person .for .two .corporations .if .at .least .25% .of
.each .corporation .has .common .ownership, .or .the .second .corporation .is .a
.subsidiary .of .the .parent .corporation .with .at .least .25% .owned .by .the .parent.
a) .True
b) .False .- .ANS✓✓-a) .True
A .person .who .fails .to .apply .for .renewal .by .March .31st .is .considered .licensed
.for .30 .days, .or .until .the .new .license .is .issued .by .the .Commissioner.
a) .True
b) .False .- .ANS✓✓-b) .False
Who .is .responsible .for .determining .who .is .qualified .to .be .licensed .by .the .State
.of .Minnesota?
a) .Department .of .Labor .and .Industry
b) .Department .of .Regulatory .Affairs
c) .Builders .Bureau
d) .The .Board .- .ANS✓✓-a) .Department .of .Labor .and .Industry
Anyone .in .the .business .of .building .residential .real .estate, .or .who .contracts .or
.offers .to .improve .residential .real .estate, .must .be .licensed, .unless .yearly .gross
.receipts .are .less .than .$15,000 .and .they .have .received .a .Certificate .of
.Exemption .from .the .Department .of .Commerce.
a) .True
b) .False .- .ANS✓✓-a) .True
, The .licensing .process .requires .each .company .to .designate .one .individual .who
.will .serve .as .a .____________ ., .regardless .of .whether .the .licensee .is .an
.individual .proprietorship, .partnership .or .corporation.
a) .managing .partner
b) .qualifying .person
c) .project .manager
d) .CEO .- .ANS✓✓-b) .qualifying .person
The .maximum .payment .per .claim .paid .out .of .the .Contractor .Recovery .Fund .is:
a) .$15,000
b) .$20,000
c) .$75,000
d) .$60,000 .- .ANS✓✓-c) .$75,000
The .maximum .payment .per .licensee .out .of .the .Contractor .Recovery .Fund .(not
.the .accelerated .process) .is .__________ ..
a) .$10,000
b) .$45,000
c) .$150,000
d) .$75,000 .- .ANS✓✓-c) .$150,000
It .is .a .law .that .you .must .notify, .in .writing, .if .you .change .your .business .name .or
.your .address .where .you .conduct .business, .within:
a) .10 .days
b) .15 .days
c) .20 .days
d) .30 .days .- .ANS✓✓-b) .15 .days
The .following .are .exempt .from .being .licensed:
a) .Employees .of .a .licensed .builder
b) .Anyone .furnishing, .but .not .installing .products
c) .Property .owners .who .do .the .work .themselves .(permitted .to .sell .1 .property
.per .24 .months)
d) .All .of .the .above .- .ANS✓✓-d) .All .of .the .above
What .is .the .primary .reason .Minnesota .requires .contractors .to .be .licensed?
a) .To .monitor .ability
b) .To .protect .public .health, .safety .and .welfare
c) .To .collect .fees
d) .All .of .the .above .- .ANS✓✓-b) .To .protect .public .health, .safety .and .welfare
A .person .or .business .that .only .provides .one .special .skill .isn't .required .to .be
.licensed, .with .the .exception .of:
