2026/2027 version with correct
answers A+ Graded
What is the MAXIMUM penalty for a contractor who undertakes work without the proper
class of license? - correct answer>>>$500 fine.
Which of the following is a requirement for a joint venture? - correct answer>>>Either
the joint venture or each contracting party of the joint venture must be licensed.
The application for licensure MUST include - correct answer>>>the business address of
the proposed designated employee.
All Class A contractor licensure applications MUST include - correct
answer>>>information on the knowledge, skills, and abilities of the applicant.
When a claimant is paid funds from the Contractors Recovery Trust Fund - correct
answer>>>the contractor's license is revoked.
All of the following must be licensed EXCEPT - correct answer>>>a material supplier
who advises a contractor.
What is the PRIMARY purpose of licensing? - correct answer>>>Protect the health and
welfare of the public.
A firm desiring to be licensed as a Class B contractor MUST have a MINIMUM net
worth of - correct answer>>>$15,000.
A licensee's name change MUST be reported to the Board within a MAXIMUM of how
many days? - correct answer>>>30 days.
According to the Board Rules and Regulations, which of the following could be a
qualified individual? - correct answer>>>Any full-time employee.
How much is the Class A initial license fee? - correct answer>>>$200
According to the Board Rules and Regulations, a full-time employee is one who works a
MINIMUM of how many hours per week? - correct answer>>>30 hours.
Who is to be in charge of a local building department? - correct answer>>>Building
official.