Minnesota requires that all builders continue their education by attending 14 hours of classroom study
per 2-year cycle, with at least 1 hour dedicated to: - Correct Answer Energy Efficiency
It is a law that you must notify, in writing, if you change your business name or your address where you
conduct business, within: - Correct Answer 15 Days
Penalties for violation of laws relating to the residential building industry include: - Correct Answer 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. - Correct Answer True
A company has __________ days from the departure of a qualifying licensee to obtain a new qualifying
person. - Correct Answer 120
By law, you must display the license number on all building permits, applications, business cards,
contracts, lien claims and display advertising. - Correct Answer True
It is the responsibility of the subcontractors to comply with the state building code. - Correct Answer
False
A person required to be licensed, who performs unlicensed work, is guilty of a misdemeanor. - Correct
Answer True
A person required to be licensed, who violates an order from the Commissioner, is guilty of a gross
misdemeanor. - Correct Answer True
10) An unlicensed person cannot exercise lien rights in the State of Minnesota. If a lien is placed, the
state will consider it: - Correct Answer Void
, 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. - Correct Answer False
By law, a political subdivision that issues building permits on zoning or land use permits, shall report all
unlicensed persons required by law to be licensed, when they apply for a permit. - Correct Answer True
13) Who is responsible for determining who is qualified to be licensed by the State of Minnesota? -
Correct Answer Department of Labor and Industry
Under whose authority is the Department of Labor and Industry given the responsibility to determine
who is qualified to become licensed? - Correct Answer Commissioner of the Department
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. - Correct Answer True
16) What is the primary reason Minnesota requires contractors to be licensed? - Correct Answer To
protect public health, safety and welfare
17) A contractor is required to be licensed if his gross annual receipts exceed: - Correct Answer $15,000
18) The maximum payment per claim paid out of the Contractor Recovery Fund is: - Correct Answer
$75,000
The maximum payment per licensee out of the Contractor Recovery Fund is: - Correct Answer $150,000
Chapter 326 of the Minnesota Statutes requires who to hold a contractor license? - Correct Answer Any
person who uses two or more special skills to improve residential real estate
What is the TOTAL new license fee for a licensee who has gross annual receipts for the previous year of
$2,487,250.00? - Correct Answer $770
per 2-year cycle, with at least 1 hour dedicated to: - Correct Answer Energy Efficiency
It is a law that you must notify, in writing, if you change your business name or your address where you
conduct business, within: - Correct Answer 15 Days
Penalties for violation of laws relating to the residential building industry include: - Correct Answer 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. - Correct Answer True
A company has __________ days from the departure of a qualifying licensee to obtain a new qualifying
person. - Correct Answer 120
By law, you must display the license number on all building permits, applications, business cards,
contracts, lien claims and display advertising. - Correct Answer True
It is the responsibility of the subcontractors to comply with the state building code. - Correct Answer
False
A person required to be licensed, who performs unlicensed work, is guilty of a misdemeanor. - Correct
Answer True
A person required to be licensed, who violates an order from the Commissioner, is guilty of a gross
misdemeanor. - Correct Answer True
10) An unlicensed person cannot exercise lien rights in the State of Minnesota. If a lien is placed, the
state will consider it: - Correct Answer Void
, 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. - Correct Answer False
By law, a political subdivision that issues building permits on zoning or land use permits, shall report all
unlicensed persons required by law to be licensed, when they apply for a permit. - Correct Answer True
13) Who is responsible for determining who is qualified to be licensed by the State of Minnesota? -
Correct Answer Department of Labor and Industry
Under whose authority is the Department of Labor and Industry given the responsibility to determine
who is qualified to become licensed? - Correct Answer Commissioner of the Department
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. - Correct Answer True
16) What is the primary reason Minnesota requires contractors to be licensed? - Correct Answer To
protect public health, safety and welfare
17) A contractor is required to be licensed if his gross annual receipts exceed: - Correct Answer $15,000
18) The maximum payment per claim paid out of the Contractor Recovery Fund is: - Correct Answer
$75,000
The maximum payment per licensee out of the Contractor Recovery Fund is: - Correct Answer $150,000
Chapter 326 of the Minnesota Statutes requires who to hold a contractor license? - Correct Answer Any
person who uses two or more special skills to improve residential real estate
What is the TOTAL new license fee for a licensee who has gross annual receipts for the previous year of
$2,487,250.00? - Correct Answer $770
