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

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SALESPERSON EXAM PREP

QUESTIONS AND ANSWERS

When must a contractor's home improvement license be renewed? - correct answer By June 30th- every 2 years What is the initial assessment for the home improvement guaranty fund of every home improvement contractor? - correct answer $ Requirement of a home improvement contract - correct answer The customer is given a signed copy of the contract before work begins What is the maximum deposit a contractor may require to build a deck attached to a house if the total contract if for $5400 - correct answer $ A contractor specializes in building decks. What is the most important item in his advertising? - correct answer His name and license number An applicant for or holder of a subcontractor license must have general liability insurance of not less than what amount? - correct answer $50,

SALESPERSON EXAM PREP

QUESTIONS AND ANSWERS

What is the license application fee for a salesperson license? - correct answer $ Which person is required to obtain a Maryland home improvement license? - correct answer A contractor who works in Maryland but whos principal place of business is not in Maryland. 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? - correct answer Nothing A successful salesperson for a single contractor wants to expand his income by representing additional contractors. How many additional contractors may he represent. - correct answer 1

SALESPERSON EXAM PREP

QUESTIONS AND ANSWERS

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. - correct answer 21 days 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? - correct answer The former employer When may a permit for a home improvement be issued without including the license number of a license contractor? - correct answer When the home improvement will be performed by the property owner What is not required in an advertisement offering a specific home improvement at a sale of temporarily reduced price? - correct answer A guaranty or warranty

SALESPERSON EXAM PREP

QUESTIONS AND ANSWERS

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. - correct answer Within 10 working days of the date of the contract What requires the contractor to have a home improvement license. - correct answer Installation of new kitchen cabinets 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? - correct answer Within 10 days of the change 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? - correct answer Charge the carpenter with violation of the Home Improvement Act

SALESPERSON EXAM PREP

QUESTIONS AND ANSWERS

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? - correct answer A $5,000 fine and imprisonment up to 3 years for the contractor and the owner 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. - correct answer 6 months A woman wishes to work as a salesperson in the Hone Improvement field. What is not required? - correct answer Provide proof of general liability insurance How must a Home Improvement contractor display his license number on all work vehicles. - correct answer The letters MHIC# and his license number in 3" high letters on both sides of the vehicle

SALESPERSON EXAM PREP

QUESTIONS AND ANSWERS

The name used in an application for a salesperson's license must be? - correct answer The legal name of the applicant 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? - correct answer A statement that accessories shown or which may be essential to operation are not included in the advertised price. A claim against the Home Improvement Guaranty Fund must be brought to the commission within what period of time? - correct answer Within 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. - correct answer No license is required What is required as part of a Home Improvement contract? - correct answer A list and description of materials to be used on the project

SALESPERSON EXAM PREP

QUESTIONS AND ANSWERS

The property owner may obtain payments for loss under the Home Improvement guaranty fund for? - correct answer The cost of replacing substandard materials What is grounds for revoking a Home Improvement contractors license? - correct answer failing to report information concerning changes in ownership of the business A contractor receives a notice of hearing before the Home Improvement Commission with relation to a claim entered against him. What response is required? - correct answer None, no legal requirement Example of door to door sale? - correct answer A 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 - correct answer Sale of a $300 investment advisory program via credit card purchase over the internet

SALESPERSON EXAM PREP

QUESTIONS AND ANSWERS

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? - correct answer Midnight December 28th What service is not regulated under the Maryland door to door sales act? - correct answer Sale of insurance to a homeowner at his home What information or statement must be given to every prospective buyer upon initial contact and prior to soliciting a sale? - correct answer The trade name of the person or company represented by the person making the solicitation 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? - correct answer By and manner or means of his choice What is the maximum service fee permitted when a homeowner cancels a $5,500 roofing job within the five

SALESPERSON EXAM PREP

QUESTIONS AND ANSWERS

day cancellation period? - correct answer None A buyer has canceled a sale within the allowable time period. When must any goods or property traded in be returned? - correct answer Within 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? - correct answer The seller must recover it at his own expense within 20 days following the date cancellation