Virginia Exam (Practice) (Latest
Update) Questions and Verified Answers |
100% Correct | Grade A+.
SECTION 1: LICENSING, REGULATIONS & BUSINESS PRACTICE
Question 1
What is the PRIMARY purpose of contractor licensing in Virginia?
A) To generate revenue for the state
B) To protect the health, safety, and welfare of the public
C) To limit competition among contractors
D) To ensure contractors have insurance
Rationale: The primary purpose of licensing is public protection. Licensing ensures
contractors meet minimum competency standards and protects consumers from
unqualified practitioners .
Question 2
A contractor who performs a single contract valued at $150,000 must hold what
class of license?
A) Class C
B) Class B
C) Class A
D) No license required
Rationale: Class A contractors may perform contracts of $120,000 or more. Since
$150,000 exceeds this threshold, a Class A license is required .
,Question 3
What is the MAXIMUM penalty for a contractor who undertakes work without the
proper class of license?
A) $500 fine
B) **$500 fine per day for each day of violation plus penalties for a
misdemeanor**
C) $1,000 fine
D) License suspension only
Rationale: Contractors who perform work without proper licensing face significant
penalties including daily fines and misdemeanor charges .
Question 4
What is the contract value threshold for a Class B contractor?
A) Over $1,000 but no more than $10,000
B) $10,000 or more but less than $120,000
C) $120,000 or more
D) Under $1,000
Rationale: Class B contractors may perform contracts valued at $10,000 or more
but less than $120,000 .
Question 5
What is the annual contract value threshold that requires a Class A license?
A) $150,000 or more within 12 months
B) **$750,000 or more within 12 months**
C) $100,000 or more within 12 months
D) $500,000 or more within 12 months
Rationale: Class A contractors perform work when the total value within any
twelve-month period is $750,000 or more .
,Question 6
Which of the following is a requirement for a joint venture?
A) Only one partner needs to be licensed
B) Either the joint venture or each contracting party of the joint venture must be
licensed
C) No license is required for joint ventures
D) Only the lead contractor needs a license
Rationale: For a joint venture to operate legally in Virginia, either the joint venture
entity itself or each individual contracting party must hold the appropriate
contractor license .
Question 7
The application for licensure MUST include:
A) The applicant's social media presence
B) The business address of the proposed designated employee
C) The applicant's personal credit score
D) The applicant's educational transcripts
Rationale: The Virginia contractor license application requires the business address
of the proposed designated employee, who serves as the qualifying party .
Question 8
All Class A contractor licensure applications MUST include what information?
A) The applicant's social media presence
B) Information on the knowledge, skills, and abilities of the applicant
C) The applicant's personal credit score
D) The applicant's educational transcripts
, Rationale: Applications must demonstrate the applicant's knowledge, skills, and
abilities to perform contracting work competently .
Question 9
All of the following must be licensed EXCEPT:
A) A person performing construction on property owned by others
B) An employee working under a licensed contractor
C) A material supplier who advises a contractor
D) A contractor performing home improvements
Rationale: Material suppliers who only advise contractors are not required to be
licensed .
Question 10
What is the fee for the HIC exam?
A) $50
B) $65
C) **$85**
D) $100
Rationale: The HIC exam fee is $85 as specified by the Virginia Board for
Contractors .
Question 11
A licensee's name change MUST be reported to the Board within a MAXIMUM of
how many days?
A) 10 days
B) 15 days
C) 30 days
D) 45 days
Update) Questions and Verified Answers |
100% Correct | Grade A+.
SECTION 1: LICENSING, REGULATIONS & BUSINESS PRACTICE
Question 1
What is the PRIMARY purpose of contractor licensing in Virginia?
A) To generate revenue for the state
B) To protect the health, safety, and welfare of the public
C) To limit competition among contractors
D) To ensure contractors have insurance
Rationale: The primary purpose of licensing is public protection. Licensing ensures
contractors meet minimum competency standards and protects consumers from
unqualified practitioners .
Question 2
A contractor who performs a single contract valued at $150,000 must hold what
class of license?
A) Class C
B) Class B
C) Class A
D) No license required
Rationale: Class A contractors may perform contracts of $120,000 or more. Since
$150,000 exceeds this threshold, a Class A license is required .
,Question 3
What is the MAXIMUM penalty for a contractor who undertakes work without the
proper class of license?
A) $500 fine
B) **$500 fine per day for each day of violation plus penalties for a
misdemeanor**
C) $1,000 fine
D) License suspension only
Rationale: Contractors who perform work without proper licensing face significant
penalties including daily fines and misdemeanor charges .
Question 4
What is the contract value threshold for a Class B contractor?
A) Over $1,000 but no more than $10,000
B) $10,000 or more but less than $120,000
C) $120,000 or more
D) Under $1,000
Rationale: Class B contractors may perform contracts valued at $10,000 or more
but less than $120,000 .
Question 5
What is the annual contract value threshold that requires a Class A license?
A) $150,000 or more within 12 months
B) **$750,000 or more within 12 months**
C) $100,000 or more within 12 months
D) $500,000 or more within 12 months
Rationale: Class A contractors perform work when the total value within any
twelve-month period is $750,000 or more .
,Question 6
Which of the following is a requirement for a joint venture?
A) Only one partner needs to be licensed
B) Either the joint venture or each contracting party of the joint venture must be
licensed
C) No license is required for joint ventures
D) Only the lead contractor needs a license
Rationale: For a joint venture to operate legally in Virginia, either the joint venture
entity itself or each individual contracting party must hold the appropriate
contractor license .
Question 7
The application for licensure MUST include:
A) The applicant's social media presence
B) The business address of the proposed designated employee
C) The applicant's personal credit score
D) The applicant's educational transcripts
Rationale: The Virginia contractor license application requires the business address
of the proposed designated employee, who serves as the qualifying party .
Question 8
All Class A contractor licensure applications MUST include what information?
A) The applicant's social media presence
B) Information on the knowledge, skills, and abilities of the applicant
C) The applicant's personal credit score
D) The applicant's educational transcripts
, Rationale: Applications must demonstrate the applicant's knowledge, skills, and
abilities to perform contracting work competently .
Question 9
All of the following must be licensed EXCEPT:
A) A person performing construction on property owned by others
B) An employee working under a licensed contractor
C) A material supplier who advises a contractor
D) A contractor performing home improvements
Rationale: Material suppliers who only advise contractors are not required to be
licensed .
Question 10
What is the fee for the HIC exam?
A) $50
B) $65
C) **$85**
D) $100
Rationale: The HIC exam fee is $85 as specified by the Virginia Board for
Contractors .
Question 11
A licensee's name change MUST be reported to the Board within a MAXIMUM of
how many days?
A) 10 days
B) 15 days
C) 30 days
D) 45 days
