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What is the maximum penalty the Commission may impose upon a contractor for each violation of the laws?

  1. $1,000

  2. $2,500

  3. $5,000

  4. $10,000

The correct answer is: $5,000

The maximum penalty that the Commission may impose upon a contractor for each violation of the laws is indeed $5,000. This amount is set as a standard penalty to hold contractors accountable for adhering to regulations and ensuring compliance with industry standards. Such penalties are crucial for maintaining the integrity of the contracting profession and protecting consumers. The specified amount serves not only as a deterrent against potential violations but also as a means of ensuring that contractors take their responsibilities seriously. This reinforces the expectation of professionalism within the industry and underscores the importance of following the established laws and regulations. Understanding the specific penalties associated with violations is essential for contractors to navigate the legal landscape of their profession effectively.