Contractor License Practice Exam

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Prepare for the Contractor License Exam with comprehensive quizzes. Study with multiple choice questions, flashcards, and detailed explanations to ensure you're ready for success on exam day!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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Is it illegal for a member of the Commission to receive any compensation from a person regulated by the Commission?

True
False
Only for unauthorized transactions
Only if the compensation exceeds a certain amount

The correct answer is: True

It is indeed illegal for a member of the Commission to receive any compensation from a person regulated by the Commission. This regulation is in place to prevent conflicts of interest and ensure that the members of the Commission can perform their duties impartially and without bias. The integrity of the Commission relies on the fact that its members operate free from external influences that could sway their decisions or actions regarding the individuals or entities they regulate. Allowing compensation from regulated parties could undermine public confidence in the Commission's ability to enforce regulations fairly. Therefore, the determination that this practice is illegal is correct and aligns with maintaining ethical standards in regulatory bodies.