QUESTIONS WITH 100% CORRECT ANSWERS
Who may take the test? (4) - correct answer-Journeyman
Foreman
Contractor
Owner-builder
Where can an owner-builder - correct answer-At their personal property
Difference between qualifiing individual and qualifier - correct answer-Same
What requirements do qualifying individuals and qualifiers need to meet - correct answer-
Experience and examination requirements
Who mustPhave a license? -Pcorrect answer-Anyone doing workPover $500
For work that is permanent (nailed or screwed)
Exceptions to who must have a license - correct answer-
Installing security alarm/systems or satellite antennas on residential structuresPon property
How to obtain a CAPstate license as DBA - correct answer-IF
you operate as a SOLE PROPRIETORSHIP
AND
operate under different name than personal
OR
Operate under a corp with a different name than what is filed with the state
Opening a DBA (5) - correct answer-Open bank account BEFORE CONDUCTING BUSINESS
,search to checkPname is not in use in county
Submit forms with filing fees
Publish 4 weeks in a row in local newspaper
Submit an affidavit to bank to show fulfilled publication requirements
License may be issued to (5) - correct answer-Individual (Sole-O / Sole-P)
Partnership
Corp
LLC (limited liability company)
Joint venture
Capital = - correct answer-Money
Wages - correct answer-Money paid hourly
What does O in RMO stand for - correct answer-Responsible managing OFFICER
Requirements for active license (3) - correct answer-Contractors bond (everyone)
Qualifying bond if they have less than 10% ownership
Has workers comp InsP
25kPcontractors bond
How much is a qualifying bond? - correct answer-25k
What can you do with an active license? - correct answer-Can bid and contract work
When can you re-register license -Pcorrect answer-
Renew every 2 years (expires on last day of month it was activated)
Inactive license every 4 years
, Expired license - correct answer-Can't work
Renew expired license within 5 years
Void after 5 years
If void, need to retake test
RME is not a - correct answer-Owner
RME can only have ____ active license - correct answer-1
RMO can be an officer of a --------- correct answer-Corp
# of license for which you may qualify for - correct answer-Individual: 3
Qualifying partner (partnership): 3, if owns 20% or more
RMO: 3
Individual licenses and partnership licenses must an RME or an RMO -Pcorrect answer-Hire
Be
RME qualification (3) - correct answer-Work 32 hours or 80% of business hours
Can't have more than 1 active license
Needs qualifying bond
ClassificationsP= - correct answer-Trades
How many classifications can an RMO/RME have? -Pcorrect answer-As many as they qualify for
What will RME/RMO not need to do to add classifications - correct answer-No additional law test
No additional bond (except for roofingPor swimming pools)