Arizona Business & Law Exam

What is the current minimum bond amount required for a residential contractor license in Arizona?

A contractor files a preliminary 20-day notice on January 15th for work that began on January 10th. The preliminary notice was delivered to the owner on January 18th. Under A.R.S. 33-981, is this notice valid for lien purposes?

Under Arizona law, which entity has the authority to investigate complaints against licensed contractors and impose disciplinary actions?

Under Arizona ROC regulations, what is the maximum amount a residential contractor can collect as a down payment before beginning work?

A contractor's license expires on June 30th. The contractor submits a renewal application on July 15th. Under Arizona ROC regulations, what penalty applies?

A contractor's workers compensation policy lapses for 15 days due to non-payment of premiums. Three employees are injured during this period, resulting in $85,000 in medical costs. Under Arizona law, what is the contractor's potential liability?

According to A.R.S. Title 32, which of the following can serve as a qualifying party for multiple contracting businesses?

A residential contractor enters into a contract for $15,000 to remodel a kitchen. Under Arizona law, what is the required down payment limitation?

A residential contractor completed $45,000 in work and materials. The homeowner paid $35,000 but disputes the remaining $10,000. How long does the contractor have to file a mechanics lien after recording the notice of completion?

A contractor has 8 employees working on various projects. The annual workers' compensation premium is $24,000. If the contractor fails to maintain coverage, what is the maximum daily penalty exposure?

According to Arizona Revised Statutes, what is the minimum experience requirement for obtaining a residential contractor's license?

Under Arizona lien law, which party has priority when multiple liens are filed against the same property?

A residential contractor in Arizona completed work valued at $85,000 on March 15th. The property owner has not paid the final invoice of $12,000. What is the deadline for the contractor to record a preliminary 20-day notice under A.R.S. 33-981?

A contractor's employee is injured on a job site in Arizona. The contractor's workers' compensation insurance has lapsed. What is the potential penalty under Arizona law?

A residential contractor in Arizona wants to increase their classification limit from $150,000 to $500,000. In addition to the application fee, what must they provide?

What is the statute of limitations for the ROC to take disciplinary action against a contractor for license violations?

A residential contractor in Arizona completes $45,000 worth of work on a custom home. The homeowner fails to pay the final invoice of $8,500. Under A.R.S. 33-981, what is the deadline to record a mechanic's lien?

Which insurance coverage is specifically required for all licensed residential contractors in Arizona?

An Arizona residential contractor fails to obtain required permits for a $40,000 room addition. The ROC discovers this violation during an investigation. What is the most likely disciplinary action?

A residential project has a total contract value of $125,000. A subcontractor completes $18,500 worth of work and files a proper preliminary notice. The general contractor has been paid in full by the owner but fails to pay the subcontractor. What is the maximum lien amount the subcontractor can claim against the property?

An Arizona contractor has 3 employees with a total annual payroll of $180,000. The workers compensation rate for their classification is $4.50 per $100 of payroll. What is the annual workers compensation premium?

Under Arizona ROC licensing requirements, what is the minimum experience requirement for a qualifying party applying for a residential contractor license?

A contractor discovers that a preliminary 20-day notice was not properly served on a commercial project in Arizona. The project owner owes $45,000 and the general contractor owes $28,000. What is the maximum amount the contractor can recover through a mechanics' lien?

During an ROC investigation, a contractor is found to have performed work outside their license classification. This is the contractor's second violation in three years. What is the most likely disciplinary action?

According to A.R.S. Title 32, what happens to a contractor's license if the qualifying party leaves the company?

An Arizona residential contractor enters into a contract for $35,000 to build a detached garage. Under A.R.S. Title 32, what is the required cancellation period the homeowner must be given?

A commercial contractor bids on a $750,000 office building project. Their current license limit is $500,000. What must they do to legally perform this work in Arizona?

A contractor files a preliminary 20-day notice on a residential project in Arizona on March 1st. The contractor's last day of work was March 15th. What is the deadline to file a mechanics' lien under A.R.S. 33-981?

According to Arizona law, a residential contractor must provide a written contract for all jobs exceeding what dollar amount?

Which document must be recorded in the county recorder's office to perfect a mechanics' lien in Arizona?