Virginia Contractor's Exam UPDATED ACTUAL Questions and
CORRECT Answers
Question: What is the MAXIMUM penalty for a contractor who undertakes work without the proper class
of license?
Correct Answer: $500 fine per day for each day of violation plus penalties for a misdemeanor.
Question: What is the PRIMARY purpose of licensing?
Correct Answer: Protect the health and welfare of the public.
Question: The application for licensure MUST include
Correct Answer: the business address of the proposed designated employee.
Question: All of the following must be licensed EXCEPT
Correct Answer: a material supplier who advises a contractor.
Question: When a claimant is paid funds from the Contractors Recovery Trust Fund
Correct Answer: the contractor's license is revoked.
Question: All Class A contractor licensure applications MUST include
Correct Answer: information on the knowledge, skills, and abilities of the applicant.
Question: 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
Question: How much is the Class A initial license fee not including the Recovery Fund fee?
Correct Answer: $360
Question: 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.
Question: According to the Board Rules and Regulations, which of the following could be a qualified
individual?
Correct Answer: Any full-time employee
Question: A firm desiring to be licensed as a Class B contractor MUST have a MINI- MUM net worth of
Correct Answer: $15,000
Question: A licensee's name change MUST be reported to the Board within a MAXI- MUM of how many
days?
Correct Answer: 30 days.
Question: Additions to buildings MUST comply with
Correct Answer: the current code for new construction.
Question: When MUST the work be stopped following the issuance of a stop work order?
Correct Answer: Immediately
, Question: Who is to be in charge of a local building department?
Correct Answer: Building official.
Question: An appeal of the local building official's decision to refuse to grant a modification to the USBC
MUST be made to the local building board within a MAXIMUM of how many days?
Correct Answer: 90 days.
Question: A building official MUST issue a certificate of occupancy for a building that meets all the
requirements for a certificate within a MAXIMUM of how many working days after the certificate was
requested?
Correct Answer: 5
Question: Contractors will be assessed a fee for the Transaction Recovery Fund whenever the fund balance
is less than
Correct Answer: $400,000.
Question: Contractors who are assessed a fee to support the Transaction Recovery Fund MUST pay this fee
within a MINIMUM of how many days from when the assessment fee notice was mailed?
Correct Answer: 45 days.
Question: A verified claim for payment from the Transaction Recovery Fund MUST occur within a
MAXIMUM of what period of time from the date the claimant was awarded a final judgment?
Correct Answer: 12 months.
Question: Payments made by the Transaction Recovery Fund to claimants may include an amount for
Correct Answer: attorneys' fees.
Question: A contract for which of the following types of structures may be subject to recovery from the
Transaction Recovery Fund?
Correct Answer: Residential only
Question: An appeal of a final decision of a county on an erosion control plan MUST be filed within a
MAXIMUM of how many days?
Correct Answer: 30 days.
Question: Temporary erosion and sediment control measures MUST be removed within a MAXIMUM of
how many days after the final site stabilization?
Correct Answer: 30 days.
Question: Which of the following statements about a sole proprietorship is TRUE?
Correct Answer: The business, or any part of it, can be sold, altered, or exchanged at will.
Question: What type of business organization allows people to share financial resources?
Correct Answer: Partnership
Question: All of the following are considered general conditions that could affect costs directly associated
with a specific project EXCEPT
Correct Answer: profit margin.
CORRECT Answers
Question: What is the MAXIMUM penalty for a contractor who undertakes work without the proper class
of license?
Correct Answer: $500 fine per day for each day of violation plus penalties for a misdemeanor.
Question: What is the PRIMARY purpose of licensing?
Correct Answer: Protect the health and welfare of the public.
Question: The application for licensure MUST include
Correct Answer: the business address of the proposed designated employee.
Question: All of the following must be licensed EXCEPT
Correct Answer: a material supplier who advises a contractor.
Question: When a claimant is paid funds from the Contractors Recovery Trust Fund
Correct Answer: the contractor's license is revoked.
Question: All Class A contractor licensure applications MUST include
Correct Answer: information on the knowledge, skills, and abilities of the applicant.
Question: 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
Question: How much is the Class A initial license fee not including the Recovery Fund fee?
Correct Answer: $360
Question: 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.
Question: According to the Board Rules and Regulations, which of the following could be a qualified
individual?
Correct Answer: Any full-time employee
Question: A firm desiring to be licensed as a Class B contractor MUST have a MINI- MUM net worth of
Correct Answer: $15,000
Question: A licensee's name change MUST be reported to the Board within a MAXI- MUM of how many
days?
Correct Answer: 30 days.
Question: Additions to buildings MUST comply with
Correct Answer: the current code for new construction.
Question: When MUST the work be stopped following the issuance of a stop work order?
Correct Answer: Immediately
, Question: Who is to be in charge of a local building department?
Correct Answer: Building official.
Question: An appeal of the local building official's decision to refuse to grant a modification to the USBC
MUST be made to the local building board within a MAXIMUM of how many days?
Correct Answer: 90 days.
Question: A building official MUST issue a certificate of occupancy for a building that meets all the
requirements for a certificate within a MAXIMUM of how many working days after the certificate was
requested?
Correct Answer: 5
Question: Contractors will be assessed a fee for the Transaction Recovery Fund whenever the fund balance
is less than
Correct Answer: $400,000.
Question: Contractors who are assessed a fee to support the Transaction Recovery Fund MUST pay this fee
within a MINIMUM of how many days from when the assessment fee notice was mailed?
Correct Answer: 45 days.
Question: A verified claim for payment from the Transaction Recovery Fund MUST occur within a
MAXIMUM of what period of time from the date the claimant was awarded a final judgment?
Correct Answer: 12 months.
Question: Payments made by the Transaction Recovery Fund to claimants may include an amount for
Correct Answer: attorneys' fees.
Question: A contract for which of the following types of structures may be subject to recovery from the
Transaction Recovery Fund?
Correct Answer: Residential only
Question: An appeal of a final decision of a county on an erosion control plan MUST be filed within a
MAXIMUM of how many days?
Correct Answer: 30 days.
Question: Temporary erosion and sediment control measures MUST be removed within a MAXIMUM of
how many days after the final site stabilization?
Correct Answer: 30 days.
Question: Which of the following statements about a sole proprietorship is TRUE?
Correct Answer: The business, or any part of it, can be sold, altered, or exchanged at will.
Question: What type of business organization allows people to share financial resources?
Correct Answer: Partnership
Question: All of the following are considered general conditions that could affect costs directly associated
with a specific project EXCEPT
Correct Answer: profit margin.
