Who does not need a contractors License? Correct Answer: someone who does certain construction on commercial agricultural property The contractor surety Bond necessary for most contractors to obta ... in their license is in the amount of Correct Answer: $15,000 When licensed as a Sole Proprietor the license belongs to Correct Answer: the Company Which is true of an inactive license? Correct Answer: Must be renewed every 4 Years How many classifications can an RME apply for? Correct Answer: As many classifications as he or she can qualify for. A prime contractor shall pay his or her subcontractors Correct Answer: within 7 days of receipt of each progress payment A contractor wants to use a fictitious name as a business name style. When does the fictitious name statement needed to be filed? Correct Answer: Before conducting Business During a declared state of emergency how much may a contractor increase his prices? Correct Answer: 10%above the price just prior to the declared state of emergency. If John Burroughs the sole proprietor of a pluming company is applying for a license as am individual, which of the following name styles is not permitted? Correct Answer: permitted: John Burroughs Burroughs Plumbing Co. J.B. Co. Not-Permitted: John Burroughs Inc. Active licenses must be registered every------ and inactive licenses should be registered every----- Correct Answer: 2 years, 4 years After you pass the state license test what should you do in order to receive an active license number? Correct Answer: Pay your registration fees. Submit a complete asbestos open book examination. Show proof of workers comp insurance or submit a waiver of workers comp and submit your "pass" letter. [Show More]
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