Business & LicensingQuestion 1458 of 1605
An RME may qualify only one active license at a time unless what condition is met regarding ownership?
a.The RME is over 40
b.The RME owns the required equity interest allowing qualification of additional entities under statutory exceptions
c.The RME lives in California
d.The RME has a college degree
Explanation
Under B&P Code section 7068.1, a qualifier is generally limited in how many firms they may qualify, but exceptions apply where the qualifier has the requisite ownership interest in the related firms, permitting qualification of more than one entity.
Law Reference: B&P Code §7068.1Practice all 1605 questions free — no signup required.
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Sen Lin, PrepPass Founder · Verified against California CSLB Contractor License Law & Business Exam · How we review
Reviewed by Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verify)