Chapter 1 - Contractor License Law Flashcards
What is a QI ? And also known as ?
Qualifying Individual ; RME ( responsible managing employee)
If an RME or RMO leaves a licensed business , forms called “ Notice of Disassociation” and an “ Application for the Replacing the Qualifying Individual” mist be filed with the CSLB within how many days ?
90 days
QPs and RMOs must inactivate any other licenses they qualify unless they own at least how much of the business they are qualifying for ?
They may act as the qualifier for up to how many firms in one year period ?
20%
3 firms
You may change the name or address of any business without filing new application by sending an “Application to Change Contractor Name and/or address “ or a letter within how many days ?
90 days
General Building “B” contractors may not bid on work involving only one trade — with the exception of what ?
Framing or carpentry
And unless they also have a specialty classification
When two or more licensed companies might want to join forces and submit together or otherwise enter into a joint operation, they may obtain a what ?
Joint venture license
Joint venture licenses are valid for how long ?
2 years
Licensed Plumbing, Sign, and Well Drilling Contractors must have their business name, business address and contractors license number in letters at least ____ _____ high on both sides of their commercial vehicles ?
1 1/2”
Those performing “minor” work for less than how much, are exempt from licensing requirements?
$500
Once applicant passes the exams , they must pay original licensing fees within how many days after receiving pass letter ?
90 days
The CSLB has formal reciprocity agreements with ARIZONA, NEVADA and UTAH. If applicant holds license in these three states, which exam is waived ?
Trade
A bond or bond alternative usually required for a contractors license is how much __________, as of Jan 1 2023 ?
$25,000
Inactive licenses do not require a bond, but the license renewal fee must be paid every how many years ?
4 years
No bond is required if the RMO holds less than how much voting stock of the corporation ?
10%
LLCs must also obtain a $________ surety bond to protect employees and workers if the company fails to pay wages, interest on wages, or other contributions.
$100,000
The qualifying individual must pass the state license exam within _______ or the application is voided
18 months
An active contractor license expires every ____, from the last day of the month in which license was issued
2 years
An inactive license must be renewed every _____ ?
4 years
If a contractor forgets to renew license on time, the expired license may be renewed any time within ______ after its expiration without reapplying for a license and fulfilling the exam or waiver requirements again.
5 years
The Registrar must be notified within how many days if the QI dies ?
90 days
In general , the Registrar of Contractors must start legal action within _______ from the complaint is filed regarding a licensee
4 years
Contractors must keep records for at least ______ after completion of any project .
5 years
A licensee may appeal to the Registrar for hearing within how many days after receiving a citation ?
15 working days
Regarding to arbitration , mandatory arbitration is required when claimed damages are equal or less than what ?
Amount of contractors license bond
