What is the legal limit for a single contract to require a builder to be licensed in Mississippi?

Prepare for the Mississippi Residential Builders License Test. Use flashcards and multiple choice questions with detailed explanations, designed to help you pass the exam successfully!

In Mississippi, a builder is required to hold a license if the total cost of a single contract exceeds $1,000. This licensing requirement is designed to ensure that builders meet certain standards and qualifications that protect consumers and uphold industry professionalism. Therefore, when a contract is valued at more than $1,000, the builder must be licensed to engage in the work legally. This threshold is established to ensure appropriate oversight and accountability in residential construction projects. Contracts below this amount do not necessitate licensing, which would apply to smaller, more informal projects that fall outside of the regulatory scope meant for licensed builders.

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