Scla Study guides, Class notes & Summaries

NASCLA Home Improvement Salesperson MARYLAND Exam Questions and Answers

A Home Improvement Contractor is a person who offers to... - perform repairs for a homeowner. What is the MAXIMUM deposit permitted for a project with a total contract price of $1,500? - $500 What is the MAXIMUM amount that a home improvement contactor may pay to a homeowner for referring a client to the contractor? - The contractor is NOT permitted to compensate the homeowner for referrals. An applicant was denied a license after a hearing. When may the applicant reapply? - 6 months. Wha...

A Home Improvement Contractor is a person who offers to... correct answer: perform repairs for a homeowner. What is the MAXIMUM deposit permitted for a project with a total contract price of $1,500? correct answer: $500 What is the MAXIMUM amount that a home improvement contactor may pay to a homeowner for referring a client to the contractor? correct answer: The contractor is NOT permitted to compensate the homeowner for referrals. An applicant was denied a license after a hearing. ...

Fiduciary Representation - ANSWER - Trust and confidence - Best interests - Loyalty 5 Ds of Role Clarity - ANSWER 1. Discuss 2. Determine 3. Document 4. Disclose 5. Do Must disclose in writing - ANSWER - the nature of services provided - whether professional has entered into representation relationship with other party - any conflicts of interest - any other facts that may influence consumers decision to proceed with relationship made to clarify and provide proof of undertandin...

NASCLA Electrical Exam - Questions and Answers For terminations using wire binding screws, conductors not larger than ___________________ are not allowed The high leg of a delta system must be ________________________ Minimum DEPTH of a clear working space is Minimum width of working space is ___________ or the width of the equipment, whichever is greater. Doors must open at least ____________ Minimum Height of working space is _________________ , or the height of equipment, whichever is greater...

NASCLA Contractor Exam Study Guide Questions With Solutions 2024. Sole Proprietorship - correct answer Which form of business ownership is least regulated? Partnership - correct answer under which form of business organization are all investors fully liable for all debts of the business? S corporation - correct answer The owner who is looking for maximum protection from personal liability will choose this Leaving something out - correct answer What is the worst possible error in estima...

Name the elements of a business plan -cover page -executive summary -company summary -products and services -market analysis -marketing strategy -financial plan advantages of sole proprietorship -minimal legal restrictions -simple ownership form -low start up costs -sole ownership of profits -freedom in decision making process disadvantages of sole proprietorship -unlimited personal liability -less available capital -possible difficulty obtaining long-term financing -dissolutio...

YesAnswer - Does home improvement include work done on an individual condominium unit? YesAnswer - Does home improvement include work done on a swimming pool? YesAnswer - Does a home improvement contract HAVE to be in writing in order to preserve your lien rights? SubcontractorsAnswer - Contractors who can only contract with a contractor or a subcontractor are: CannotAnswer - A county or municipality in Maryland _____________ require a contractor to get authorization from an off...

1. FOB freight prepaid requires __________ to pay for shipping charges. A. Contractor B. Buyer C. Seller D. Subcontractor - correct answer Seller 2. Which of the following is not a member of the supervisory? A. Foreman B. materials expediter C. Owner's representative D. Project manager - correct answer Project Manager 3. __________ scheduling consists of dates, delivery dates, payment schedule and vacations. It is a simplified method. A. Calen...

1. FOB freight prepaid requires __________ to pay for shipping charges. A. Contractor B. Buyer C. Seller D. SubcontractorAnswer - Seller 2. Which of the following is not a member of the supervisory? A. Foreman B. materials expediter C. Owner's representative D. Project managerAnswer - Project Manager 3. __________ scheduling consists of dates, delivery dates, payment schedule and vacations. It is a simplified method. A. Calendar B. Bar char...