Michigan Residential Builder Licensing Exam
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Terms in this set (150)
M&A contractors include: A = Carpentry
B = Concrete
D = Excavation
G = Insulation Work
I = Masonry
J = Painting & Decorating
K = Siding
M = Roofing
If more than one office is used for Licensed
work, the branch office must be
__________
The one who obtains the residential Qualifying Officer
builder's license is called a _____________
____________
First Offense for practicing without a Misdemeanor fine of $5,000 - $25,000
license or prison for not more than 1 year, or both.
,Second offense for practicing Misdemeanor fine of $5,000 - $25,000
without a license or prison for not more than 2 years, or both.
Death or serious injury Felony fine of $5,000 - $25,000 or prison for not
more than 4 years, or both.
Define a Residential Builder A person or entity who is involved in the
construction of a residential structure or a
combination residential and commercial structure.
Define M&A contractor Person who for a fixed sum/price other than wages
for personal labor for the repair, alteration, or
addition/improvement to residential/commercial or
residential structure.
Salesperson employee of agent other than a qualifying officer
who sells business for the contractor.
who reissues licenses for LARA (The Department)
salespeople?
Which types of trade work require a Plumbing, Electrical, and Mechanical.
different type of license other than
the resi license?
Who issues the license? LARA
How is the director of LARA by the governor
appointed?
What types of people make up the 4 Licensed residential builders
Board of Residential Builders? 2 M&A contractors
3 members of the public
, What are the duties of the board of 1. Interpretation of a license requirement
residential builders? (4) 2. Aid in investigations
3. Set acceptable practice standards
4. Assess penalties for those who are licensed and
are in violation of rules
What happens if the qualifying The entity's license is revoked as well.
officer's license is revoked?
How can a foreign entity get a Only if authorized by the Corporations and
license? Securities Commission.
Non residents must file this to be An Irrevocable consent to service of process
considered for a license.
T or F, Builders must maintain a place True
of business in the state they operate
in.
T of F, Contractors must maintain an True
accurate set of books/records open
to inspection by the department
(LARA).
If the department inquires, licensees sworn financial statements
must submit ___________ _____________
___________ showing licensee's current
financial status, and must do so
within 30 days of inquiry.
T or F, Advertising must not True
misrepresent material facts.
Latest 2025 Questions and Answers ()
(Verified Answers)
Save
Terms in this set (150)
M&A contractors include: A = Carpentry
B = Concrete
D = Excavation
G = Insulation Work
I = Masonry
J = Painting & Decorating
K = Siding
M = Roofing
If more than one office is used for Licensed
work, the branch office must be
__________
The one who obtains the residential Qualifying Officer
builder's license is called a _____________
____________
First Offense for practicing without a Misdemeanor fine of $5,000 - $25,000
license or prison for not more than 1 year, or both.
,Second offense for practicing Misdemeanor fine of $5,000 - $25,000
without a license or prison for not more than 2 years, or both.
Death or serious injury Felony fine of $5,000 - $25,000 or prison for not
more than 4 years, or both.
Define a Residential Builder A person or entity who is involved in the
construction of a residential structure or a
combination residential and commercial structure.
Define M&A contractor Person who for a fixed sum/price other than wages
for personal labor for the repair, alteration, or
addition/improvement to residential/commercial or
residential structure.
Salesperson employee of agent other than a qualifying officer
who sells business for the contractor.
who reissues licenses for LARA (The Department)
salespeople?
Which types of trade work require a Plumbing, Electrical, and Mechanical.
different type of license other than
the resi license?
Who issues the license? LARA
How is the director of LARA by the governor
appointed?
What types of people make up the 4 Licensed residential builders
Board of Residential Builders? 2 M&A contractors
3 members of the public
, What are the duties of the board of 1. Interpretation of a license requirement
residential builders? (4) 2. Aid in investigations
3. Set acceptable practice standards
4. Assess penalties for those who are licensed and
are in violation of rules
What happens if the qualifying The entity's license is revoked as well.
officer's license is revoked?
How can a foreign entity get a Only if authorized by the Corporations and
license? Securities Commission.
Non residents must file this to be An Irrevocable consent to service of process
considered for a license.
T or F, Builders must maintain a place True
of business in the state they operate
in.
T of F, Contractors must maintain an True
accurate set of books/records open
to inspection by the department
(LARA).
If the department inquires, licensees sworn financial statements
must submit ___________ _____________
___________ showing licensee's current
financial status, and must do so
within 30 days of inquiry.
T or F, Advertising must not True
misrepresent material facts.
