NJ General Contractor Practice Questions - New Jersey General Contractor Exam

Under NJ law, what is the maximum deposit a home improvement contractor can collect before starting work?

No more than one-third (33.3%) of the contract price, or the cost of special-order materials 50% of the total contract price The full contract amount No deposit is allowed

Correct Answer:

No more than one-third (33.3%) of the contract price, or the cost of special-order materials

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