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MHIC NASCLA Study Guide/State Exam Q&A 2024

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MHIC NASCLA Study Guide/State Exam Q&A 2024 How long does a claimant have to bring a claim against the guaranty fund? - CORRECT ANSWER-3 years from discovery of the loss or damage How many days does a contractor have to respond in writing to the copy of claim that was sent by the commission? - CORRECT ANSWER-10 days If within ________ after the commission gives notice , a contractor on whose amount a claim was paid does not reimburse the fund in full, the commission may sue the contr...

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MHIC Study set Exam 2024 Q&A Verified

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MHIC Study set Exam 2024 Q&A Verified Which title is the Home Improvement law contained in? - CORRECT ANSWER-Title 8 of the Business Regulation Article of the Annotated Code of Maryland. How many sections or subtitles is the law divided into? What are they? - CORRECT ANSWER-8 sections. 1. Definitions and Jurisdiction. 2. The Commission. 3. Licensing and Disciplinary Actions. 4. The Guaranty Fund. 5. Home improvement contracts and miscellaneous provisions. 6. Prohibited acts and penal...

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MHIC EXAM COMPLETE FINAL STUDY GUIDE 2024

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MHIC EXAM COMPLETE FINAL STUDY GUIDE 2024 How many licenses are there? - CORRECT ANSWER-2 Contractor and Sub-Contractor Who can request a Mechanics Lien? - CORRECT ANSWER-Contractor or SubContractor How many days do you have to issue a Mechanics Lien - CORRECT ANSWER-180 Days How many days do you have to issue a notice of a Mechanics Lien? - CORRECT ANSWER-120 days What is the % of value must the property have before you are eligible to issue a ML? - CORRECT ANSWER-15% How many day...

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Test Exam for MHIC 2024 Updated & Tested Questions and Answers

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Test Exam for MHIC 2024 Updated & Tested Questions and Answers What parties must sign a Home Improvement contract? - CORRECT ANSWERHomeowner and Contractor How many members are in the Commission? - CORRECT ANSWER-9 Where is the office of the Commission located? - CORRECT ANSWER-Baltimore City Who is responsible for the operations of the Commission? - CORRECT ANSWERExecutive Director What is the best method to give an estimate? - CORRECT ANSWER-The Quantity take off method How many Co...

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MHIC Study Guide Final Exam 2024

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MHIC Study Guide Final Exam 2024 A contractor must pay ________ to the gauaranty fund? - CORRECT ANSWER-10% Unlicensed contractor homeowner receives how much for work - CORRECT ANSWERNothing because unlicensed Filing a complaint is a way to receive compensation for a homeowner - CORRECT ANSWER-False Gauaranty fund exceeds 100,000 commission will do what - CORRECT ANSWER-Pro rate the claims so claimant receives the same amount Renew for sales person - CORRECT ANSWER-$100 Contractor has...

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MHIC Exam with Correct Answers 100% 2024 Updated

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MHIC Exam with Correct Answers 100% 2024 Updated Home improvement - CORRECT ANSWER-the addition to or alteration, conversion, improvement, modernization, remodeling, repair, or replacement of a building or part of the building Excluded (is not a) home improvement - CORRECT ANSWER-new home construction or work done to comply with the guarantee of completion for a new building Excluded (is not a) home improvement - CORRECT ANSWER-sale of materials, if the seller does not arrange to per...

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MHIC Practice Exam Questions and Answers 2024

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MHIC Practice Exam Questions and Answers 2024 A Home Improvement Contractor is a person who offers to - CORRECT ANSWERperform repairs for a homeowner. What is the MAXIMUM deposit permitted for a project with a total contract price of $1,500? a) $150 b) $500 c) $750 d) $1,500 - CORRECT ANSWER-$500 What is the MAXIMUM amount that a home improvement contractor may pay to a homeowner for referring a client to the contractor? - CORRECT ANSWER-The contractor is NOT permitted to compens...

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MHIC NASCLA CONTRACTORS EXAM REVIEW 2024

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MHIC NASCLA CONTRACTORS EXAM REVIEW 2024 Yes - CORRECT ANSWER-Does home improvement include work done on an individual condominium unit? Yes - CORRECT ANSWER-Does home improvement include work done on a swimming pool? Yes - CORRECT ANSWER-Does a home improvement contract HAVE to be in writing in order to preserve your lien rights? Subcontractors - CORRECT ANSWER-Contractors who can only contract with a contractor or a subcontractor are: Cannot - CORRECT ANSWER-A county or municipa...

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MHIC Exam Questions and Correct Answers 2024

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MHIC Exam Questions and Correct Answers 2024 What is the passing score for the MHIC license? - CORRECT ANSWER-70% If you are conducting home improvement without a license on the first offense, what is the penalty? - CORRECT ANSWER-$1000 fine, and not exceeding 6 months of prison. If you are conducting home improvement without a license on the first offense, what is the penalty? - CORRECT ANSWER-$1.000 fine, and not exceeding 6 months in prison. Who is exempt in working without a home i...

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MHIC EXAM (QUESTIONS AND ANSWERS 100% PASS) 20242024

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MHIC EXAM (QUESTIONS AND ANSWERS 100% PASS) 20242024 What does MHIC mean?-CORRECT ANSWER-Maryland Home Improvement Commission What is the primary function of the MHIC?-CORRECT ANSWER-To protect the health and safety of the general public What type of home improvement licenses are there in Maryland?-CORRECT ANSWERContractor and salesperson The contractors license enables the licensee to work as:-CORRECT ANSWERcontractor, subcontractor, and salesperson Don smith is applying with the...

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