Nevada Business & Law Exam

What must a Nevada contractor show about its bond before the Board renews its license?

Instead of a surety bond, what may a Nevada contractor license applicant provide?

After the NSCB receives a timely request for a hearing on a denied license application, within what time must it hold the hearing (absent a continuance)?

When a surety files an interpleader action on a Nevada contractor's bond, how must it notify claimants?

Under Nevada law, a contractor's workers' compensation insurance policy lapses on June 1st, and they continue working until June 15th before renewing. What is the potential consequence?

A material supplier provides $28,000 worth of materials to a project. Under NRS 108, what is the deadline for filing a mechanic's lien if the project was completed on August 30th?

When must a Nevada subcontractor deliver a notice of right to lien to the owner of a single-family residence?

Under Nevada law, which party is responsible for ensuring that all subcontractors on a project carry workers' compensation insurance?

In a Nevada action to enforce a lien, how long do the lien claimant and other adverse parties have to answer the statements filed?

A Class C contractor wants to upgrade to Class B. What is the minimum experience requirement in years for the qualifying individual?

A contractor has a monthly payroll of $45,000 with a workers' compensation rate of $11.50 per $100 of payroll. What is the monthly premium?

According to Nevada law, which document must be recorded to perfect a mechanic's lien on private property?

What is the most the Nevada Recovery Fund account may pay one injured person for a residential contractor's violation?

A construction worker suffers a back injury requiring 6 months of medical treatment and temporary disability. What is the contractor's primary obligation under Nevada workers' compensation law?

A subcontractor provided materials worth $25,000 and labor worth $18,000 to a project. The general contractor paid $30,000. Under NRS 108, what is the maximum lien amount the subcontractor can claim?

A contractor completes a $150,000 residential addition. The project required 450 hours of labor at $85 per hour, plus $111,750 in materials. What is the workers' compensation premium using a rate of $3.20 per $100 of payroll?

A Nevada contractor completes $85,000 worth of work on a residential project. The owner fails to pay the final $12,000. Under NRS 108, what is the maximum time limit to file a mechanic's lien?

A general contractor hires a subcontractor who injures a worker on site. The subcontractor has no workers' compensation insurance. Under Nevada law, who is primarily liable for the claim?

A homeowner files a complaint with NSCB against a licensed contractor for abandoning a $75,000 kitchen remodel. What is the first step in the Board's complaint process?

A material supplier delivers $45,000 worth of materials to a Nevada construction project. The general contractor fails to pay. What is the maximum lien amount the supplier can claim?

A Nevada contractor's bond is in the amount of $50,000. The contractor defaults on three separate projects with damages of $25,000, $18,000, and $12,000 respectively. What is the maximum total amount that can be recovered from the bond?

According to Nevada building codes, what is the maximum riser height for stairs in residential construction?

An employee is injured on a Nevada construction site. The contractor's workers' compensation coverage has lapsed. What is the contractor's potential liability?

Under NSCB regulations, what is the maximum amount recoverable from the Residential Recovery Fund per occurrence?

Under the IRC as adopted in Nevada, guards are required on open-sided walking surfaces more than what height above the floor or grade below?

In a Nevada contract for residential pool or spa work, what is the most the initial down payment may be?

Under NRS 108, what information must be included in a preliminary 20-day notice to preserve lien rights?

Under NRS 624, a contractor must maintain workers' compensation insurance. If a contractor has 8 employees with an annual payroll of $480,000, and the rate is $3.50 per $100 of payroll, what is the annual premium?

A Nevada contractor did not renew and the license was suspended 45 days ago. The contractor is in good standing with no complaints pending. What must it pay to have the license reinstated?

A Nevada contractor has 8 employees with a total annual payroll of $480,000. Using the basic rate of $2.40 per $100 of payroll, what is the annual workers' compensation premium?