Michigan Residential Builders License Practice Test

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Study for the Michigan Residential Builders License Test. Study with flashcards and multiple choice questions. Get ready for your exam!

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If a licensed residential builder wishes to change the control of the business, what is the reporting timeframe to the department?

5 days
7 days
10 days
14 days

The correct answer is: 10 days

When a licensed residential builder in Michigan wishes to change the control of their business, they are required to report this change to the department within a specified timeframe. The correct timeframe of 10 days is set to ensure that the department is kept informed about the changes in business control, which is crucial for maintaining accurate licensing records and oversight. This requirement helps to ensure that any alterations in ownership or control are formally documented and reviewed by the licensing authority, which can help in preserving compliance with state regulations and maintaining the integrity of the licensing process. Timely reporting is essential for the department to effectively monitor the activities of licensed builders and to ensure that they continue to meet all legal obligations.