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What is the renewal fee for a contractor license?

  1. $75

  2. $150

  3. $175

  4. $200

The correct answer is: $175

The renewal fee for a contractor license is set at $175. This figure is established by regulatory authorities to cover administrative costs associated with processing the renewal of licenses. Proper maintenance of contractor licensing ensures compliance with industry standards and regulations, which is essential for safety and professionalism in construction and contracting professions. The renewal fee is a part of maintaining a valid license, which is crucial for contractors to continue their work legally and to keep up with any changes in codes or regulations that may have been implemented since their last renewal.