Maryland Home Improvement Salesperson Exam Prep Questions and Answers, Exams of Real Estate Management

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MARYLAND HOME IMPROVEMENT SALESPERSON

EXAM PREP QUESTIONS & CORRECT VERIFIED

ANSWERS 2024-2025. GRADED A

A buyer has canceled a sale within the allowable time period. When must any goods or property traded in be returned? - ANSWithin 10 business days after the seller receives the cancellation notice A buyer has cancelled within the allowable time, and the seller has refunded the deposit. How does the seller regain possession of the merchandise? - ANSThe seller must recover it at his own expense within 20 days following the date cancellation A carpenter is regularly employed by a licensed Home Improvement contractor. He builds a deck for his neighbor for $2,000. The contractor finds out about the project, fires the carpenter, and reports the incident to the Home Improvement commission. The commission may? - ANSCharge the carpenter with violation of the Home Improvement Act A claim against the Home Improvement Guaranty Fund must be brought to the commission within what period of time? - ANSWithin 3 years of discovering the loss or damage

A contractor offers employment to a telephone salesperson. Which of the following must accompany the salespersons application for a license. - ANSNo license is required A contractor receives a notice of hearing before the Home Improvement Commission with relation to a claim entered against him. What response is required? - ANSNone, no legal requirement A contractor specializes in building decks. What is the most important item in his advertising? - ANSHis name and license number A contractors representative makes a door to door sale at 10:30am, Wednesday, December 23rd. The salesperson doesn't turn in the sale contract until December 28th. When is the latest the buyer may exercise their right to cancel? - ANSMidnight December 28th A home improvement contractor has contracted for and constructed a garbage. The roof failed to support the snow load the following winter, damaging both rood and the owner car. The contractor repaired the roof, but refuses to pay for repairs to the car. How much may the property owner recover from the home improvement guaranty fund for repairs to his car? - ANSNothing

A home Improvement contractor is advertising a sale on hot tubs. His ads include only the basic price of the tub. What is required in his ad? - ANSA statement that accessories shown or which may be essential to operation are not included in the advertised price. A salesperson currently working for two contractors resigns from one of his employers to accept employment with another contractor. Who is responsible for notifying the Maryland home improvement commission of his resignation? - ANSThe former employer A salesperson has obtained a signed contract and a deposit for a building a deck, subject to acceptance by the contractor. The contractor elects not to accept the contract. When must he return the deposit to the owner. - ANSWithin 10 working days of the date of the contract A seller fails to include a cancellation form with the contract and receipt for a door to door sale. The customer decides to cancel the sale. How must the buyer notify the seller of cancellation? - ANSBy and manner or means of his choice

A successful salesperson for a single contractor wants to expand his income by representing additional contractors. How many additional contractors may he represent. - ANS A woman wishes to work as a salesperson in the Hone Improvement field. What is not required? - ANSProvide proof of general liability insurance An applicant for or holder of a subcontractor license must have general liability insurance of not less than what amount? - ANS$50, An individual seeking a Home Improvement contractors license was denied by the Home Improvement commission due to failure to provide the required financial information. Following a hearing the denial was reaffirmed. How longs must he wait before he may reapply for a license. - ANS6 months An owner and a contractor prepare a false certificate of completion for presentation to the contractors bank to obtain additional credit. What is the maximum penalty upon conviction? - ANSA $5,000 fine and imprisonment up to 3 years for the contractor and the owner Example of door to door sale? - ANSA roofing contractor called to fix a leak in a property owners roof. Sells the owner a contract for a completely new roof

Example of not a door to door sale - ANSSale of a $300 investment advisory program via credit card purchase over the internet Home Improvement contractor John Jones and company is changing the name of his firm to John Jones and son. When must he notify the Home Improvement Commission? - ANSWithin 10 days of the change How must a Home Improvement contractor display his license number on all work vehicles. - ANSThe letters MHIC# and his license number in 3" high letters on both sides of the vehicle Requirement of a home improvement contract - ANSThe customer is given a signed copy of the contract before work begins The Home Improvement Commission has issued a proposed order to pay a claim of $2,000 against a contractor, with a copy delivered to the contractor. The contractor is required to respond within what period of time if he wishes to appeal or contest the award. - ANS21 days The name used in an application for a salesperson's license must be? - ANSThe legal name of the applicant

The property owner may obtain payments for loss under the Home Improvement guaranty fund for? - ANSThe cost of replacing substandard materials What information or statement must be given to every prospective buyer upon initial contact and prior to soliciting a sale? - ANSThe trade name of the person or company represented by the person making the solicitation What is grounds for revoking a Home Improvement contractors license? - ANSfailing to report information concerning changes in ownership of the business What is not required in an advertisement offering a specific home improvement at a sale of temporarily reduced price? - ANSA guaranty or warranty What is required as part of a Home Improvement contract? - ANSA list and description of materials to be used on the project What is the initial assessment for the home improvement guaranty fund of every home improvement contractor? - ANS$ What is the license application fee for a salesperson license? - ANS$

What is the maximum deposit a contractor may require to build a deck attached to a house if the total contract if for $5400 - ANS$ What is the maximum service fee permitted when a homeowner cancels a $5, roofing job within the five day cancellation period? - ANSNone What requires the contractor to have a home improvement license. - ANSInstallation of new kitchen cabinets What service is not regulated under the Maryland door to door sales act? - ANSSale of insurance to a homeowner at his home When may a permit for a home improvement be issued without including the license number of a license contractor? - ANSWhen the home improvement will be performed by the property owner When must a contractor's home improvement license be renewed? - ANSBy June 30th- every 2 years

Which person is required to obtain a Maryland home improvement license? - ANSA contractor who works in Maryland but whos principal place of business is not in Maryland.