CC Licensing Requirements and Eligibility 3

Question 1

What happens to a contractor certificate if the qualifying individual leaves the company?

Accepted Answer

The license may be suspended until a new qualifier is approved

Answer

The license remains valid permanently

Answer

The company gets a new license automatically

Answer

The license transfers to the nearest employee

Question 2

Which of the following is NOT typically a requirement for obtaining a contractor certificate?

Accepted Answer

Owning real estate property

Answer

Passing a licensing exam

Answer

Paying application fees

Answer

Providing proof of work experience

Question 3

A contractor who performs work without a required license may face which consequence?

Accepted Answer

Fines, stop-work orders, and inability to file a mechanics lien

Answer

Only a written warning

Answer

Loss of driver's license

Answer

Mandatory retirement

Question 4

What is the purpose of a 'provisional' or 'temporary' contractor license?

Accepted Answer

To allow a contractor to work while the full application is being processed

Answer

To allow work only on small residential jobs

Answer

To replace a suspended license

Answer

To allow work in another state

Question 5

How is a sole proprietor contractor license typically different from a corporation contractor license?

Accepted Answer

A sole proprietor license is tied to the individual; a corporate license is tied to the business entity

Answer

They are identical in all ways

Answer

Corporate licenses cost less

Answer

Only corporations can obtain unlimited licenses

Question 6

Which exam provider is commonly used for contractor licensing examinations in the US?

Accepted Answer

PSI Exams or Prometric

Answer

SAT College Board

Answer

FINRA

Answer

DMV testing centers