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The correct understanding of the Information Notice to Owner regarding construction liens indicates that it is not required for jobs where the property owner is a licensed contractor and for commercial jobs.

When a licensed contractor is the property owner, they already possess a knowledge base about construction laws and lien rights. Therefore, the intention behind the notice—ensuring that property owners are aware of their rights and obligations with regard to construction liens—is redundant in this scenario. This eliminates the necessity for the notice in such cases.

Additionally, commercial jobs often involve contractual relationships and legal frameworks that provide for clearer communication regarding lien rights and obligations. Given that parties engaged in commercial contracts are typically more knowledgeable about these matters compared to residential property owners, the need for the notice is also deemed unnecessary here.

Thus, the exclusion of both commercial jobs and those involving licensed contractors from requiring the Information Notice to Owner accurately reflects the intention of the legislation regarding construction liens, making the answer comprehensive and insightful.