Biz Law exam Flashcards
Question
Answer
A contractor is responsible for?
Securing the permit to build E-2
You must have a license for?
Any project over $30,000 E-2
How Many memebers are on the licensing board?
There are 9 members, 5 GC, 1 Engineer, 3 Public. E-2
List license fees
Exam Fee - $100, Unlimited - $125, Intermediate - $100, Limited - $75 E-5
How many days to replace qualifier?
90 days to replace qualifier E-6
License renewal dates and fees
License expires 12/31, Standard fees, Invalid after 60 days, late fee $10 per month E-6
Renewal process after 4 years?
Start over with a new application process E-7
A foreign corporation shall do what to obtain license?
Obtain certificate of authority from the Secretary of state E-7
How many hours of continuing ed each year?
8 Hours 87-10
The board can revoke your license for what?
Fruad or deceit in obtaining a license - Negligence incompetence or misconduct 87-11
Who can prefer charges of fruad, negligence or misconduct?
Anyone 87-11
The board may re issue a license if…
Five or more board members vote in favor 87-11
The max amount the board can recover in admin cost?
$5,000 87-11
Unauthorized practice is…..?
A misdemeanor 87-13
Building classifications do not include?
Grading and excavation
Net worth required for a limited license?
$80,000 F-9
What can take the place of net worth?
A surety bond F-9
How many days to report a bond has been cancelled?
30 Days F-10
A person may serve as qualifier for?
No more than 2 licensees F-11
How long to notify board the qualifier is not connect to licensee?
10 Days to notify board F-11
How many hours per week must a qualifier work?
20 hours per week F-11
Must a construction manager be licesnsed?
Yes F-12
If a licesee files for bankruptcy how many days to notify board?
Within 30 days of filing F-19
How many days to notify board of address change?,
30 Days F-20