Page 1 of 189
Florida Construction Business and Finance
Practice Exam (36-FL-CN) Questions & Answers
VERIFIED SOLUTIONS LATEST UPDATE THIS
YEAR
Florida Construction Business and Finance Practice Exam (36-FL-CN)
Welcome to this comprehensive practice exam for the Florida Construction Business and
Finance (36-FL-CN) exam. The test consists of approximately 120 questions with a 6.5-hour time
limit, requiring a 70% passing score . It is open-book .
This exam covers six main content areas :
• Conducting Accounting Functions (32%)
• Managing Administrative Duties (26%)
• Complying with Government Regulations (15%)
• Establishing the Contracting Business (11%)
• Managing Trade Operations (10%)
• Managing Human Resources (6%)
Section 1: Licensing & Business Structure
Question 1
A Florida Certified General Contractor (CGC) is licensed by which entity?
A) Florida Department of Financial Services
B) Florida Construction Industry Licensing Board (CILB)
C) Local county building department
D) Florida Department of Revenue
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Answer: B
The CILB, under the DBPR, issues licenses and enforces contractor regulations in Florida .
Question 2
What is the primary difference between a "certified" and a "registered" contractor in Florida?
A) Certified contractors have passed a state exam and may work anywhere in Florida;
registered contractors are certified by local jurisdictions
B) Registered can work statewide; certified only in one county
C) No difference
D) Certified requires a higher bond
Answer: A
Certified contractors hold a statewide license, while registered contractors are tied to specific
local jurisdictions where they have met local competency requirements .
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Question 3
How often must a Florida contractor license be renewed?
A) Annually
B) Every 2 years (biennially)
C) Every 4 years
D) No renewal required after initial licensing
Answer: B
Florida contractor licenses require biennial renewal (every 2 years) with continuing education
requirements .
Question 4
A qualifying agent leaves a contracting firm. How long does the firm have to replace them
before the license becomes inactive?
A) 30 days
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B) 60 days
C) 90 days
D) 120 days
Answer: B
The firm has 60 days to notify DBPR and file for a replacement qualifying agent .
Question 5
What is the minimum financial requirement for a Certified General Contractor license in
Florida?
A) $5,000 net worth
B) $10,000 net worth
C) $15,000 net worth
D) $20,000 net worth or $10,000 line of credit
Answer: D
Florida Construction Business and Finance
Practice Exam (36-FL-CN) Questions & Answers
VERIFIED SOLUTIONS LATEST UPDATE THIS
YEAR
Florida Construction Business and Finance Practice Exam (36-FL-CN)
Welcome to this comprehensive practice exam for the Florida Construction Business and
Finance (36-FL-CN) exam. The test consists of approximately 120 questions with a 6.5-hour time
limit, requiring a 70% passing score . It is open-book .
This exam covers six main content areas :
• Conducting Accounting Functions (32%)
• Managing Administrative Duties (26%)
• Complying with Government Regulations (15%)
• Establishing the Contracting Business (11%)
• Managing Trade Operations (10%)
• Managing Human Resources (6%)
Section 1: Licensing & Business Structure
Question 1
A Florida Certified General Contractor (CGC) is licensed by which entity?
A) Florida Department of Financial Services
B) Florida Construction Industry Licensing Board (CILB)
C) Local county building department
D) Florida Department of Revenue
,Page 2 of 189
Answer: B
The CILB, under the DBPR, issues licenses and enforces contractor regulations in Florida .
Question 2
What is the primary difference between a "certified" and a "registered" contractor in Florida?
A) Certified contractors have passed a state exam and may work anywhere in Florida;
registered contractors are certified by local jurisdictions
B) Registered can work statewide; certified only in one county
C) No difference
D) Certified requires a higher bond
Answer: A
Certified contractors hold a statewide license, while registered contractors are tied to specific
local jurisdictions where they have met local competency requirements .
,Page 3 of 189
Question 3
How often must a Florida contractor license be renewed?
A) Annually
B) Every 2 years (biennially)
C) Every 4 years
D) No renewal required after initial licensing
Answer: B
Florida contractor licenses require biennial renewal (every 2 years) with continuing education
requirements .
Question 4
A qualifying agent leaves a contracting firm. How long does the firm have to replace them
before the license becomes inactive?
A) 30 days
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B) 60 days
C) 90 days
D) 120 days
Answer: B
The firm has 60 days to notify DBPR and file for a replacement qualifying agent .
Question 5
What is the minimum financial requirement for a Certified General Contractor license in
Florida?
A) $5,000 net worth
B) $10,000 net worth
C) $15,000 net worth
D) $20,000 net worth or $10,000 line of credit
Answer: D
