Download MHIC Exam: Comprehensive Guide to Passing the Maryland Home Improvement Commission Exam and more Exams Advanced Education in PDF only on Docsity! MHIC EXAM With 100% Correct And Verified Answers 2024 What parties must sign a Home Improvement contract? - Correct Answer-Homeowner 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 Answer-Executive Director What is the best method to give an estimate? - Correct Answer-The Quantity take off method How many Commission members MUST be present at a hearing? - Correct Answer-3 how many inches must the MHIC license # on vehicle advertising be? - Correct Answer- minimum 3 inches What is the maximum fine for contracting without a license - first offense? - Correct Answer-$1k, 6 months of jail or both If the commission pays a claim from the guarantee fund base on the actions or omissions of a contractor, the commission can...? - Correct Answer-suspend license Who is considered a Salesperson - Correct Answer-The person who carries out a sale Does a subcontractor require a license? - Correct Answer-No, a subtractor is not required a license How many Contractors can a Salesperson represent or work for? - Correct Answer-No more than 2 contractors at the same time for the same project OSHA 301 form must remain on file at workplace for at least? - Correct Answer-5 years How many employees minimum must a contractor have to be required to purchase Workers Compensation Insurance? - Correct Answer-1 employee What must the Sales Person include very close to the signing line in a contract? - Correct Answer-notice of cancellation Who is responsible of notifying employees about dangerous materials on a worksite? - Correct Answer-the contractor On any advertising what must always be included? - Correct Answer-MHIC #____________ For a sale to be considered door-to-door where can a contract NOT be signed? - Correct Answer-the office of the contractor How much of the total cost of a job be received once the contract has been signed? ex: $9,000 - Correct Answer-1/3, so $3,000 How much money can a contractor accept before a contract is signed? - Correct Answer-$0 When a License is denied for the first time, after how long can you apply again? - Correct Answer-after 6 months How much time does a contractor have to revoke a complaint against the commission? - Correct Answer-10 days What is the cost of license renewal? - Correct Answer-$370 What is the cost of re-activating an inactive license? - Correct Answer-$112.50 What is the fee that must be payed to inactivate a license? - Correct Answer-$50 What is the fee that must be payed to reactivate the license, once inactive? - Correct Answer-$50 What amount must the guarantee fund remain at? - Correct Answer-$250,000 If the fund goes below $250,000, a fee of how much will be assessed to each contractor? - Correct Answer-a fee of $50, and can only be requested 3x a year What is the maximum amount of money the fund can represent for each "reacquisition"? - Correct Answer-$100,000 How much is the amount that the commission may award for one claimant for acts or omissions of one contractor? - Correct Answer-$20,000 What can the commission do to get back funds lended if not payed back after a year? - Correct Answer-take taxes What is the interest that must be payed to the commission after they lent for a lawsuit? - Correct Answer-10%+ total lent
