APMP Foundation Exam Q & A Latest Version Already Passed
Question :What is the MAXIMUM penalty for a contractor
who undertakes work without the proper class of license?
CORRECT ANSWER :$500 fine.
Question :Which of the following is a requirement for a joint
venture?
CORRECT ANSWER :Either the joint venture or each
contracting party of the joint venture must be licensed.
Question :The application for licensure MUST include
CORRECT ANSWER :the business address of the proposed
designated employee.
Question :All Class A contractor licensure applications
MUST include
CORRECT ANSWER :information on the knowledge, skills,
and abilities of the applicant.
Question :When a claimant is paid funds from the Contractors
Recovery Trust Fund
CORRECT ANSWER :the contractor's license is revoked.
Question :All of the following must be licensed EXCEPT
CORRECT ANSWER :a material supplier who advises a
contractor.
Question :What is the PRIMARY purpose of licensing?
CORRECT ANSWER :Protect the health and welfare of the
public.
Question :A firm desiring to be licensed as a Class B
contractor MUST have a MINIMUM net worth of
CORRECT ANSWER :$15,000.
Question :A licensee's name change MUST be reported to the
Board within a MAXIMUM of how many days?
CORRECT ANSWER :30 days.
Question :According to the Board Rules and Regulations,
which of the following could be a qualified individual?
CORRECT ANSWER :Any full-time employee.
Question :How much is the Class A initial license fee?
CORRECT ANSWER :$200
Question :According to the Board Rules and Regulations, a
full-time employee is one who works a MINIMUM of how many hours per week?
CORRECT ANSWER :30 hours.
Question :Who is to be in charge of a local building
department?
CORRECT ANSWER :Building official.
Question :A building official MUST issue a certificate of
occupancy for a building that meets all the requirements for a certificate within a MAXIMUM of how many working days after the certificate was requested?
CORRECT ANSWER :5
Question :An appeal of the local building official's decision to
refuse to grant a modification to the USBC MUST be made to the local building board within a MAXIMUM of how many days?
CORRECT ANSWER :90 days.
Question :Additions to buildings MUST comply with
CORRECT ANSWER :the current code for new
construction.
Question :When MUST the work be stopped following the
issuance of a stop work order?
CORRECT ANSWER :Immediately
Question :Contractors will be assessed a fee for the
Transaction Recovery Fund whenever the fund balance is less than