Business > EXAM > CSLB - Law and Business Exam QUESTIONS AND ANSWERS ALL CORRECT (All)

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CSLB - Law and Business Exam QUESTIONS AND ANSWERS ALL CORRECT

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2 types of qualifying individuals for each type of license Correct Answer: Individual - Responsible Managing Employee (RME) or Owner Partnership - Qualifying Partner or RME Corporation - Responsibl ... e managing officer (RMO) or RME LLC - RME, RMO, Responsible Managing member/manager What must be filed w/CSLB if RME/RMO leaves? Within how long? If not, what happens? Correct Answer: "Notice of disassociation" and "application for replacing qualifying individual". Within 20 days Or license automatically suspended Responsible Managing Employee (RME) Correct Answer: Full time employee works at least 32 hours or 80% of operating time of biz, whichever is less. May be used to qualify for individual, partnership, or corp license. Never more than 3 licensees at one time. Can only act as qualifier for 1 license at a time unless either: 1) other licensee is subsidiary 2) he/she owns at least 20% of licensee 3) majority of officers/partners of other one also are those of 1st Responsible Managing Officer (RMO) Correct Answer: Officer of Corp Journeyman Correct Answer: A person who has completed an apprecnticeship program or is an experienced worker, not a trainee, and is fully qualified to perform the trade without supervision. Foreman/Supervisor Correct Answer: A person who has the knowledge/skill of a journeyman and directly supervises physical construction What are penalties for contracting w/out a license Correct Answer: - Misdemeanor offense - 1st offense may receive citation from registrar, potential sentence of up to 6 months in jail and/or $500 fine, which is accompanied by civil penalty of no less than $200 and no more than $15,000. May lessen or waive if contractor obtains license within prescribed period of time. - Felony charges for contracting w/out a license in emergency projects. - 2nd offense found guilty of criminal offense which is punishable by civil penalty of 20% contract price or $4,500, whichever is greater, and county jail min 90 days. Penalty for advertising for work outside of your license Correct Answer: fine of $700-$1000 Penalty for hiring unlicensed sub or allowing use of license Correct Answer: Citation from registrar and civil penalty up to $15,000 Penalty for deliberate fraudulent use o [Show More]

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