NEW VIRGINIA HOME IMPROVEMENT CONTRACTING
(HIC) ACTUAL EXAM 2026 COMPLETE EXAM AND A
STUDY GUIDE ALL ACCURATE QUESTIONS AND CORRECT
VERIFIED ANSWERS (A NEW UPDATED VERSION)
|ALREADY GRADED A+ (BRAND NEW!!) FULL REVISED
Who must receive a signed copy of the contract prior to work
starting?
ANSWERS: homeowner
Required to be in a home improvement contract
ANSWERS: contractors name, address, and MHIC license number
Required to be in a home improvement contract
ANSWERS: consumer notice that gives telephone number for
Commission
Required to be in a home improvement contract
ANSWERS: notice of formal mediation of disputes, that the MHIC
administers the guaranty fund, homeowner may request that
contractor purchase performance bond
, Required to be in a home improvement contract
ANSWERS: dates of when performance will begin and when it will be
substantially completed
If a contract contains a mandatory arbitration clause it must include
ANSWERS: the name of the person or organization that will conduct an
arbitration
If a contract contains a mandatory arbitration clause it must include
ANSWERS: whether any mandatory fees will be charged to the parties for
the arbitration
, Required to be in a home improvement contract
ANSWERS: description of home improvement
Required to be in a home improvement contract
ANSWERS: deposit, payment, and contractor cannot accept more
than 1/3 of contract price as deposit
Required to be on the first page of contract
ANSWERS:
"this contract creates a mortgage or lien on the property to secure
payment and may cause a loss of your property if you fail to pay the
amount agreed upon"
If a contract contains a mandatory arbitration clause it must include
ANSWERS: a list of the fee schedule
If a contract contains a mandatory arbitration clause it must include
ANSWERS: whether the arbitrator's findings are binding
If a contract contains a mandatory arbitration clause it must include
ANSWERS: a disclosure that a claim against the guaranty fund will be
stayed until completion of mandatory arbitration
(HIC) ACTUAL EXAM 2026 COMPLETE EXAM AND A
STUDY GUIDE ALL ACCURATE QUESTIONS AND CORRECT
VERIFIED ANSWERS (A NEW UPDATED VERSION)
|ALREADY GRADED A+ (BRAND NEW!!) FULL REVISED
Who must receive a signed copy of the contract prior to work
starting?
ANSWERS: homeowner
Required to be in a home improvement contract
ANSWERS: contractors name, address, and MHIC license number
Required to be in a home improvement contract
ANSWERS: consumer notice that gives telephone number for
Commission
Required to be in a home improvement contract
ANSWERS: notice of formal mediation of disputes, that the MHIC
administers the guaranty fund, homeowner may request that
contractor purchase performance bond
, Required to be in a home improvement contract
ANSWERS: dates of when performance will begin and when it will be
substantially completed
If a contract contains a mandatory arbitration clause it must include
ANSWERS: the name of the person or organization that will conduct an
arbitration
If a contract contains a mandatory arbitration clause it must include
ANSWERS: whether any mandatory fees will be charged to the parties for
the arbitration
, Required to be in a home improvement contract
ANSWERS: description of home improvement
Required to be in a home improvement contract
ANSWERS: deposit, payment, and contractor cannot accept more
than 1/3 of contract price as deposit
Required to be on the first page of contract
ANSWERS:
"this contract creates a mortgage or lien on the property to secure
payment and may cause a loss of your property if you fail to pay the
amount agreed upon"
If a contract contains a mandatory arbitration clause it must include
ANSWERS: a list of the fee schedule
If a contract contains a mandatory arbitration clause it must include
ANSWERS: whether the arbitrator's findings are binding
If a contract contains a mandatory arbitration clause it must include
ANSWERS: a disclosure that a claim against the guaranty fund will be
stayed until completion of mandatory arbitration
