Building Code Administrators and Inspectors Florida Principle and Practice Licensure Practice Exam

A contractor who loans his license may face a fine of up to what amount?

1. $1,000

2. $2,000

3. $3,000

4. $5,000

The correct answer is: $5,000

When a contractor loans their license, they are violating regulations established to maintain integrity and accountability within the construction industry. Florida law imposes strict penalties for such actions to deter contractors from engaging in unethical practices. The maximum fine for this infraction can indeed reach up to $5,000. This amount reflects the seriousness of the offense, as loaning a license can lead to unqualified individuals undertaking construction projects, which can pose risks to public safety and welfare. The fines that are lower than $5,000 typically apply to less severe violations or first-time offenses, while the higher penalty is reserved for more egregious or repeated infractions. Understanding this fine structure is crucial for contractors to ensure they remain compliant with state regulations and operate within the legal framework of their profession.