LOUISIANA BUSINESS AND LAW 2026 |
COMPLETE CONTRACTOR EXAM STUDY
GUIDE & PRACTICE QUESTIONS
| GRADED A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers
100% Verified Exam Prep and Comprehensive
Rationales Included
,A residential contractor is one who constructs a fixed structure when the cost exceeds
_________.
$75,000
The state licensing board is comprised of ____ members.
15
The board has the power to do any of the following EXCEPT:
Sue unlicensed contractors
Licenses and renewals expire on _______.
The anniversary date the license was issued
An applicant must furnish the board with proof of financial responsibility including proof of
net worth of at least ______ .
$10,000
Is an applicant permitted to furnish a bond in lieu of proof of net worth?
yes
When a qualifying party of a construction company leaves employment, the company has
how many days to inform the board?
30 days
, A qualifying party can be which of the following:
A co-partner
A stockholder
An employee who has been with the company at least 120 days
All of the above
An owner of a property who is improving their home for their own use does not have to
have a license to do construction work.
True
If you fail to comply with the rules of the board, you are subject to revocation or
suspension of your license.
True
If you have been found guilty of violating the rules of the board more than twice in one
year, you will not be permitted to bid on a public project for up to ____ years
3
If a license has been denied by the board, the applicant has ____ to appeal.
6 months
A contractor who is unlicensed may be found guilty of a misdemeanor, and fined up to
________.
$500 per day of the violation
COMPLETE CONTRACTOR EXAM STUDY
GUIDE & PRACTICE QUESTIONS
| GRADED A+ | GUARANTEED SUCCESS
Updated 2026 Questions and Answers
100% Verified Exam Prep and Comprehensive
Rationales Included
,A residential contractor is one who constructs a fixed structure when the cost exceeds
_________.
$75,000
The state licensing board is comprised of ____ members.
15
The board has the power to do any of the following EXCEPT:
Sue unlicensed contractors
Licenses and renewals expire on _______.
The anniversary date the license was issued
An applicant must furnish the board with proof of financial responsibility including proof of
net worth of at least ______ .
$10,000
Is an applicant permitted to furnish a bond in lieu of proof of net worth?
yes
When a qualifying party of a construction company leaves employment, the company has
how many days to inform the board?
30 days
, A qualifying party can be which of the following:
A co-partner
A stockholder
An employee who has been with the company at least 120 days
All of the above
An owner of a property who is improving their home for their own use does not have to
have a license to do construction work.
True
If you fail to comply with the rules of the board, you are subject to revocation or
suspension of your license.
True
If you have been found guilty of violating the rules of the board more than twice in one
year, you will not be permitted to bid on a public project for up to ____ years
3
If a license has been denied by the board, the applicant has ____ to appeal.
6 months
A contractor who is unlicensed may be found guilty of a misdemeanor, and fined up to
________.
$500 per day of the violation
