NY Home Improvement Contractor Exam Questions And Answers, Exams of Contract Law

Download NY Home Improvement Contractor Exam Questions And Answers and more Exams Contract Law in PDF only on Docsity! NY Home Improvement Contractor Exam Questions And Answers What is "home improvement" (H.I.)? (C R R R R A A I) - correct answer ✅the construction, repair, remodeling, alteration, rehabilitation, renovation, improvement, or addition to any land or building used as a residence or dwelling place. What parts of a home can a H.I. include? - correct answer ✅Any part of the home OR land (including basements, driveways, fences, garages, landscaping, patios, porches, sidewalks, swimming pools, and terraces.) What system installations are part of H.I.? (4) - correct answer ✅Central heating/air conditioning, Central vacuum, Doors, windows, awnings, and Communication systems. What is NOT considered H.I.? - correct answer ✅Construction of a new home or building, Sale of goods or materials in connection with the installation of or application of goods or materials, Work performed on a residence owned or controlled by the state or municipality When is Painting or decoration of a building, residence, home, or apartment considered H.I.? - correct answer ✅When there is painting work being done as part of other home improvement work. NY Home Improvement Contractor Exam Questions And Answers When is Painting or decoration of a building, residence, home, or apartment NOT considered H.I.? - correct answer ✅When it is a standalone job not part of of other home improvement work. Who is a "contractor"? - correct answer ✅Anyone who owns, operates, maintains, conducts, controls, or transacts a home improvement business and undertakes or agrees to perform any home improvement. What legal entity is a contractor required to be? - correct answer ✅A contractor may be an individual, a firm, a company, a partnership, or a corporation. What is a H.I. contract? - correct answer ✅An agreement between a contractor and a consumer or tenant for performance of a home improvement What must a H.I. contract detail? - correct answer ✅All labor, services, and materials to be furnished and performed. Who is a "salesperson"? - correct answer ✅Someone who negotiates a H.I. contract with a NY Home Improvement Contractor Exam Questions And Answers the home improvement business? - correct answer ✅Six (6) years or the length of time of any contractual guarantee, whichever is longer. What percentage of a customers payments can a Contractor use for administrative, overhead, and other projects? - correct answer ✅The contractor may not use funds received to pay expenses unrelated to the home improvement, unless the home improvement is completed and all expenses for direct labor, material, and subcontractors related to the home improvement have been paid. No work should be performed and no money should be paid until after the ____ day cancellation period? - correct answer ✅3 days Can a H.I. Contractor arrange a home loan or a home improvement loan for a consumer? - correct answer ✅No, nor can they act as an agent for, advertise, or promote loans. Must a contractor furnish a consumer with a written estimate? - correct answer ✅Yes, if the consumer requests one. Can a Contractor charge a fee for an estimate? - correct answer ✅Yes, but they must disclose the fee to the consumer NY Home Improvement Contractor Exam Questions And Answers before providing the estimate and must include and itemize the fee in the total estimated contract price. What is the fine for false or fraudulent representation? - correct answer ✅A contractor or salesperson who lies is subject to fines of up to $500 for each separate misrepresentation. What becomes of the contract entered into after misrepresentations? - correct answer ✅It may be declared null and void, and contractor may be ordered to pay restitution to the consumer. What is the prosecution and fine penalties for operating a home improvement business without a license or with a suspended or revoked license? - correct answer ✅Guilty of a misdemeanor and may be prosecuted criminally and subject to up to six (6) months imprisonment and/or $1,000 in fines. What is the prosecution and fine penalties for engaging in unlicensed activity or aiding and abetting the operation of an unlicensed person or business? - correct answer ✅civil prosecution and $100 day fine. NY Home Improvement Contractor Exam Questions And Answers Can the DCA padlock (close down) and confiscate (take) the tools and trucks used in connection with unlicensed home improvement work? - correct answer ✅Yes! In what form must a home improvement contract be? - correct answer ✅Every home improvement contract must be in writing and signed by everyone involved. When must the consumer receive a completed, legible copy of the H.I. contract? - correct answer ✅At the time of signing and before any work is done. Does the H.I. contract have to be in englsh? - correct answer ✅Yes, unless another language was used in any oral (spoken) sales presentation, in which case the contract needs to be in that language and in English. If a consumer wants more work done beyond what's in the original contract, what should a contractor do? - correct answer ✅Provide a written amendment to the contract, which both parties must sign. What information should be at the heading of a H.I. contract? - correct answer ✅contractor's name, office address, telephone number, NY Home Improvement Contractor Exam Questions And Answers A "savings" claim in an adv ertisment cannot imply what? - correct answer ✅The amount specified is the selling price. What type of guarantees or warranties can be made? - correct answer ✅Only as long as a defect is likely to show up. What type of guarantees or warranties can NOT be made? - correct answer ✅"lifetime" guarantees or warranties Who must obtain building and improvement permits? - correct answer ✅The prime contractor. Where does a contractor go to secure a permit for an addition or alteration to a house? - correct answer ✅The New York City Department of Buildings (DOB). Whose responsibility is it to make sure that any addition or alterations meet building code standards and do not violate local zoning laws? - correct answer ✅the H.I. Contractor What is net profit of a job? - correct answer ✅The final profit of any job after expenses. NY Home Improvement Contractor Exam Questions And Answers Must a subcontractor be seperately licensed by DCA? - correct answer ✅Yes, this includes electricians and plumbers. How long can a contractor elect to secure a bond or participate in DCA's Home Improvement Trust Fund? - correct answer ✅Every 2 years