Nevada Business & Law Exam

Under NRS 624, what is the minimum net worth requirement for a Class A General Contractor license in Nevada?

A Nevada contractor files a mechanics' lien for $45,000. What is the required bond amount to release this lien under NRS 108?

According to Nevada building codes, which edition of the International Building Code (IBC) is currently adopted for commercial construction?

A contractor receives a Notice of Disciplinary Action from the NSCB. Within how many days can they request a hearing to contest the action?

Which Nevada building code edition is currently adopted for commercial construction in most Nevada jurisdictions?

What is the minimum net worth requirement for a Nevada Class A general contractor license?

A contractor's employee is injured on a Nevada job site. The contractor lacks workers' compensation insurance. What is the potential penalty under NRS 624?

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 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 Nevada contractor fails to carry required workers' compensation insurance. What penalty can the Nevada Industrial Insurance System impose per day of non-compliance?

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?

Under the NSCB complaint process, mediation is offered to resolve disputes. If mediation fails and the case proceeds to hearing, who makes the final disciplinary decision?

A Nevada contractor's employee is injured on the job, resulting in $75,000 in medical expenses and $45,000 in lost wages. The contractor failed to carry workers' compensation insurance. What is the potential penalty under Nevada law?

In Nevada, what is the minimum net worth requirement for a Class A general contractor license?

Under Nevada lien law, what is the maximum amount a materialman can claim in a mechanics' lien if they supplied $45,000 in materials but the total contract amount was $40,000?

A Nevada contractor wants to perform electrical work as part of a general construction project. What additional requirement must be met?

According to Nevada law, within how many days must a preliminary notice of right to lien be served for work on a single-family residence?

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 Nevada subcontractor provides $28,000 worth of electrical work but is not paid by the general contractor. Under NRS 108, what must the subcontractor do to preserve lien rights if no preliminary notice was served?

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

Under the Nevada State Contractors Board complaint process, within how many days must a contractor respond to a formal complaint?

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

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

A contractor's license expired 45 days ago in Nevada. What penalty must they pay in addition to renewal fees to reinstate?

Under Nevada law, within how many days must a contractor provide preliminary notice to preserve lien rights on a private project?

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?

Under NRS 624, how often must a Nevada contractor renew their license?

A subcontractor completed work worth $28,000 but was not paid. Under NRS 108, what is the deadline to file a mechanics' lien on a private project after completion of work?

What is the maximum aggregate limit required for general liability insurance for a Class B contractor in Nevada?

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?