Free MHIC Education Test 3

Question 1

What is the license application fee for a salesperson license?

Accepted Answer

$120

Answer

$130

Answer

$150

Answer

$140

Question 2

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.

Accepted Answer

21 days

Answer

23 days

Answer

25 days

Answer

22 days

Question 3

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?

Accepted Answer

The former employer

Answer

The former contractor

Answer

The former salesperson

Answer

The former applicant

Question 4

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.

Accepted Answer

Within 10 working days of the date of the contract

Answer

Within 11 working days of the date of the contract

Answer

Within 12 working days of the date of the contract

Answer

Within 15 working days of the date of the contract

Question 5

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?

Accepted Answer

Within 10 days of the change

Answer

Within 20 days of the change

Answer

Within 30 days of the change

Answer

Within 15 days of the change

Question 6

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?

Accepted Answer

A $5,000 fine and imprisonment up to 3 years for the contractor and the owner

Answer

A $5,000 fine and imprisonment up to 6 years for the contractor and the owner

Answer

A $5,000 fine and imprisonment up to 5 years for the contractor and the owner

Answer

A $5,000 fine and imprisonment up to 2 years for the contractor and the owner

Question 7

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.

Accepted Answer

6 months

Answer

5 months

Answer

7 months

Answer

4 months

Question 8

A claim against the Home Improvement Guaranty Fund must be brought to the commission within what period of time?

Accepted Answer

Within 3 years of discovering the loss or damage

Answer

Within 5 years of discovering the loss or damage

Answer

Within 6 years of discovering the loss or damage

Answer

Within 4 years of discovering the loss or damage

Question 9

Example of not a door to door sale?

Accepted Answer

Sale of a $300 investment advisory program via credit card purchase over the internet

Answer

Sale of a $100 investment advisory program via credit card purchase over the internet

Answer

Sale of a $200 investment advisory program via credit card purchase over the internet

Answer

Sale of a $400 investment advisory program via credit card purchase over the internet

Question 10

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?

Accepted Answer

Midnight December 28th

Answer

Midnight December 27th

Answer

Midnight December 29th

Answer

Midnight December 30th