VIRGINIA CONTRACTORS LICENSE EXAM PREP 2026 COMPREHENSIVE
EXAM BANK 300 PRACTICE QUESTIONS WITH ANSWERS & DETAILED
RATIONALES CLASS A, B, & C LICENSING | 100% VERIFIED |
GRADED A+
SECTION 1: LICENSING REQUIREMENTS & CLASSIFICATIONS
QUESTION 1
Which license class is required for a contractor whose single contract exceeds
$120,000?
A. Class C
B. Class B
C. Class A
D. No license is required
ANSWER: C
RATIONALE: Class A is required when a single contract exceeds $120,000. The
thresholds are: Class A – any single contract of $120,000 or more; Class B –
contracts from $10,000 up to $120,000; Class C – contracts up to $10,000.
Contractors must hold the appropriate class of license for the value of their
contracts.
QUESTION 2
What is the annual gross revenue threshold that requires a Class A license
in Virginia?
A. $150,000
B. $500,000
C. $750,000
D. $1,000,000
ANSWER: C
RATIONALE: The annual gross revenue threshold for Class A licensure is $750,000.
If a contractor's total value of all construction work within any 12-month period
is $750,000 or more, a Class A license is required. This ensures that larger
1
,operations meet higher standards of qualification and financial responsibility.
QUESTION 3
What is the maximum contract amount for a Class B license in Virginia?
A. $10,000
B. $50,000
C. $120,000
D. $250,000
ANSWER: C
RATIONALE: A Class B license allows single contracts or projects up to $120,000.
The annual gross revenue limit for Class B is $750,000. Contractors must ensure
they do not exceed these limits while operating under a Class B license.
QUESTION 4
What is the maximum contract amount for a Class C license in Virginia?
A. $5,000
B. $10,000
C. $15,000
D. $25,000
ANSWER: B
RATIONALE: A Class C license is limited to contracts up to $10,000 per project
and $150,000 in annual gross revenue. Class C is the entry-level license suitable
for small projects and limited operations.
QUESTION 5
What is the minimum net worth requirement for a Class A license?
A. $15,000
B. $25,000
C. $45,000
D. $100,000
2
,ANSWER: C
RATIONALE: Class A applicants must verify a net worth or equity of $45,000 or
more. This can be demonstrated through financial statements reviewed by a CPA
or through a surety bond. The higher net worth requirement reflects the greater
scope and financial responsibility of Class A contractors.
QUESTION 6
What is the minimum net worth requirement for a Class B license?
A. $10,000
B. $15,000
C. $25,000
D. $45,000
ANSWER: B
RATIONALE: Class B applicants must verify a net worth of $15,000 or more,
excluding property owned as tenants by the entirety. In lieu of this requirement,
a $50,000 surety bond may be obtained. This ensures Class B contractors have
adequate financial resources for their operations.
QUESTION 7
How many years of experience are required for a Class A license?
A. 2 years
B. 3 years
C. 5 years
D. 7 years
ANSWER: C
RATIONALE: Class A applicants must have a minimum of five years of experience
in the classification or specialty for which they seek licensure. This experience
requirement ensures that Class A contractors have substantial practical
knowledge
and expertise.
3
, QUESTION 8
How many years of experience are required for a Class B license?
A. 2 years
B. 3 years
C. 4 years
D. 5 years
ANSWER: B
RATIONALE: Class B applicants must have a minimum of three years of experience
in the classification or specialty for which they seek licensure. This ensures
that Class B contractors have sufficient experience to perform their work
competently.
QUESTION 9
What is the minimum age requirement for a Designated Employee?
A. 16 years old
B. 18 years old
C. 21 years old
D. 25 years old
ANSWER: B
RATIONALE: The Designated Employee must be at least 18 years of age, a full-time
employee of the firm, and have passed board-approved examinations. The
Designated
Employee is the individual responsible for the firm's compliance with licensing
requirements.
QUESTION 10
A contractor who earns more than what amount annually must hold a Class A
license?
A. $150,000
B. $750,000
C. $1,000,000
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EXAM BANK 300 PRACTICE QUESTIONS WITH ANSWERS & DETAILED
RATIONALES CLASS A, B, & C LICENSING | 100% VERIFIED |
GRADED A+
SECTION 1: LICENSING REQUIREMENTS & CLASSIFICATIONS
QUESTION 1
Which license class is required for a contractor whose single contract exceeds
$120,000?
A. Class C
B. Class B
C. Class A
D. No license is required
ANSWER: C
RATIONALE: Class A is required when a single contract exceeds $120,000. The
thresholds are: Class A – any single contract of $120,000 or more; Class B –
contracts from $10,000 up to $120,000; Class C – contracts up to $10,000.
Contractors must hold the appropriate class of license for the value of their
contracts.
QUESTION 2
What is the annual gross revenue threshold that requires a Class A license
in Virginia?
A. $150,000
B. $500,000
C. $750,000
D. $1,000,000
ANSWER: C
RATIONALE: The annual gross revenue threshold for Class A licensure is $750,000.
If a contractor's total value of all construction work within any 12-month period
is $750,000 or more, a Class A license is required. This ensures that larger
1
,operations meet higher standards of qualification and financial responsibility.
QUESTION 3
What is the maximum contract amount for a Class B license in Virginia?
A. $10,000
B. $50,000
C. $120,000
D. $250,000
ANSWER: C
RATIONALE: A Class B license allows single contracts or projects up to $120,000.
The annual gross revenue limit for Class B is $750,000. Contractors must ensure
they do not exceed these limits while operating under a Class B license.
QUESTION 4
What is the maximum contract amount for a Class C license in Virginia?
A. $5,000
B. $10,000
C. $15,000
D. $25,000
ANSWER: B
RATIONALE: A Class C license is limited to contracts up to $10,000 per project
and $150,000 in annual gross revenue. Class C is the entry-level license suitable
for small projects and limited operations.
QUESTION 5
What is the minimum net worth requirement for a Class A license?
A. $15,000
B. $25,000
C. $45,000
D. $100,000
2
,ANSWER: C
RATIONALE: Class A applicants must verify a net worth or equity of $45,000 or
more. This can be demonstrated through financial statements reviewed by a CPA
or through a surety bond. The higher net worth requirement reflects the greater
scope and financial responsibility of Class A contractors.
QUESTION 6
What is the minimum net worth requirement for a Class B license?
A. $10,000
B. $15,000
C. $25,000
D. $45,000
ANSWER: B
RATIONALE: Class B applicants must verify a net worth of $15,000 or more,
excluding property owned as tenants by the entirety. In lieu of this requirement,
a $50,000 surety bond may be obtained. This ensures Class B contractors have
adequate financial resources for their operations.
QUESTION 7
How many years of experience are required for a Class A license?
A. 2 years
B. 3 years
C. 5 years
D. 7 years
ANSWER: C
RATIONALE: Class A applicants must have a minimum of five years of experience
in the classification or specialty for which they seek licensure. This experience
requirement ensures that Class A contractors have substantial practical
knowledge
and expertise.
3
, QUESTION 8
How many years of experience are required for a Class B license?
A. 2 years
B. 3 years
C. 4 years
D. 5 years
ANSWER: B
RATIONALE: Class B applicants must have a minimum of three years of experience
in the classification or specialty for which they seek licensure. This ensures
that Class B contractors have sufficient experience to perform their work
competently.
QUESTION 9
What is the minimum age requirement for a Designated Employee?
A. 16 years old
B. 18 years old
C. 21 years old
D. 25 years old
ANSWER: B
RATIONALE: The Designated Employee must be at least 18 years of age, a full-time
employee of the firm, and have passed board-approved examinations. The
Designated
Employee is the individual responsible for the firm's compliance with licensing
requirements.
QUESTION 10
A contractor who earns more than what amount annually must hold a Class A
license?
A. $150,000
B. $750,000
C. $1,000,000
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