3/18/25, 8:02 MHIC Flashcards |
AM
MHIC EXAM ACTUAL QUESTIONS AND ANSWERS
VERIFIED GRADED A+
Terms in this set (52)
A contractor must pay_______to the 10%
gauaranty fund?
Unlicensed contractor homeowner Nothing because unlicensed
receives how much for work
Filing a complaint is a way to receive False
compensation for a homeowner
Gauaranty fund exceeds 100,000 Pro rate the claims so claimant receives the same amount
commission will do what
Renew for sales person $100
Contractor has ___ days to pay back fund 60 days
until commission can sue
Minimum Hight for license number on car 3 inches
Money put down by homeowner then gives Not accept deal
promissory note the contractor may
Mold license may be required when Residential mold remediation
conducting
Manditory arbitration clause must have Current license number of arbitrator
Material does not meet local codes but Prohibited act
does for state this means what
Waste running into the Chesapeake bay - Critical area commission
who take care of this
Contact us secured by interest may rescind Five business days
the contract in how many day
Maximum penalty for unlicensed is 5,000 + two years jail
Inactive status for CTR $50
CTR uses residence home as model when Compensating appropriate and discounts are voided
1/
3
AM
MHIC EXAM ACTUAL QUESTIONS AND ANSWERS
VERIFIED GRADED A+
Terms in this set (52)
A contractor must pay_______to the 10%
gauaranty fund?
Unlicensed contractor homeowner Nothing because unlicensed
receives how much for work
Filing a complaint is a way to receive False
compensation for a homeowner
Gauaranty fund exceeds 100,000 Pro rate the claims so claimant receives the same amount
commission will do what
Renew for sales person $100
Contractor has ___ days to pay back fund 60 days
until commission can sue
Minimum Hight for license number on car 3 inches
Money put down by homeowner then gives Not accept deal
promissory note the contractor may
Mold license may be required when Residential mold remediation
conducting
Manditory arbitration clause must have Current license number of arbitrator
Material does not meet local codes but Prohibited act
does for state this means what
Waste running into the Chesapeake bay - Critical area commission
who take care of this
Contact us secured by interest may rescind Five business days
the contract in how many day
Maximum penalty for unlicensed is 5,000 + two years jail
Inactive status for CTR $50
CTR uses residence home as model when Compensating appropriate and discounts are voided
1/
3
