According to Florida Statutes Chapter 455, which entity has the authority to investigate complaints against licensed contractors?
Correct Answer
D) Department of Business and Professional Regulation
The Department of Business and Professional Regulation (DBPR) has statutory authority under Chapter 455 to investigate complaints and take disciplinary action against licensed contractors in Florida.
Why This Is the Correct Answer
The Department of Business and Professional Regulation (DBPR) is the state agency specifically empowered under Florida Statutes Chapter 455 to regulate professional licensing and investigate complaints against licensed professionals, including contractors. DBPR has the statutory authority to conduct investigations, hold hearings, and impose disciplinary actions such as fines, license suspension, or revocation. This centralized regulatory authority ensures consistent enforcement of professional standards across all licensed trades in Florida. The DBPR works through various boards, including the Construction Industry Licensing Board, to oversee contractor licensing and discipline.
Why the Other Options Are Wrong
Option A: Florida Building Commission
The Florida Department of Revenue is responsible for tax collection and administration, not professional licensing or contractor regulation.
Option B: Local building departments
The Florida Building Commission develops and maintains the Florida Building Code but does not have authority to investigate complaints or discipline licensed contractors.
Option C: Florida Department of Revenue
Local building departments issue permits and conduct inspections but do not have authority to investigate licensing complaints or take disciplinary action against state-licensed contractors.
Memory Technique
Think 'DBPR = Discipline, Business, Professional Regulation' - they handle the business of regulating professionals and disciplining violators.
Reference Hint
Florida Statutes Chapter 455 - Professional Regulation General Provisions, and Chapter 489 - Contracting
More Business & Finance Questions
A general contractor purchases equipment worth $45,000 with a useful life of 9 years and no salvage value. Using straight-line depreciation, what is the annual depreciation expense?
What is the typical recommended coverage amount for general liability insurance for a small to medium-sized general contracting business?
A contractor estimates startup costs of $75,000 for equipment, $25,000 for initial inventory, $15,000 for insurance premiums, and $10,000 for working capital. They can finance 70% of the total. How much cash do they need?
When establishing professional relationships with architects and engineers, what is the most important factor for a general contractor to consider?
A partnership agreement for a construction company should address all of the following EXCEPT:
A contractor purchases a truck for $60,000. After 5 years, it has accumulated depreciation of $35,000. What is the truck's book value?
A contractor's business plan projects first-year revenue of $500,000 with a 15% net profit margin. If actual revenue is $450,000 with the same profit margin, what is the variance in net profit?
Using the Modified Accelerated Cost Recovery System (MACRS), construction equipment is typically depreciated over how many years?
A contractor is comparing financing options for equipment purchase. Option A: $80,000 cash purchase. Option B: $20,000 down, $65,000 financed at 6% for 4 years. What is the total cost of Option B?
A contractor purchases equipment using a capital lease with a present value of $120,000. How should this be recorded on the balance sheet?
