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Exam (elaborations)

Virginia Contractor's Exam Questions and Answers 2026/2027 | A+ Graded

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Study resource designed for the Virginia Contractor's Exam, featuring practice questions and answers covering key contractor licensing concepts, construction practices, safety requirements, business and law principles, project management, contracts, estimating, regulations, and professional responsibilities. Organized to reinforce essential knowledge and support effective preparation for the Virginia contractor licensing examination.

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Virg̣inia Contractor's Exam Questions
And Answers Already
Passed!!!A+GRADED
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.

What is the PRIMARY purpose of licensing?
̣ - correct answer...✔✔Protect the health
and welfare of the public.

The application for licensure MUST include - correct answer...✔✔the business address
of the proposed design ̣ ated employee.

All of the following ̣ must be licensed EXCEPT - correct answer...✔✔a material supplier
who advises a contractor.

When a claimant is paid funds from the Contractors Recovery Trust Fund - correct
answer...✔✔the contractor's license is revoked.

All Class A contractor licensure applications MUST include - correct
answer...✔✔information on the knowledge ̣ , skills, and abilities of the applicant.

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

How much is the Class A initial license fee not including ̣ the Recovery Fund fee? -
correct answer...✔✔$360

According ̣ to the Board Rules and Regu
̣ lations, a full-time employee is one who works a
MINIMUM of how many hours per week? - correct answer...✔✔30 hours.

According ̣ to the Board Rules and Regulations,
̣ which of the following ̣ could be a
qualified individual? - correct answer...✔✔Any full-time employee

A firm desiring ̣ to be licensed as a Class B contractor MUST have a MINIMUM net
worth of - correct answer...✔✔$15,000

A licensee's name changẹ MUST be reported to the Board within a MAXIMUM of how
many days? - correct answer...✔✔30 days.



AGRADESOLUTIONS

, Additions to buildingṣ MUST comply with - correct answer...✔✔the current code for
new construction.

When MUST the work be stopped following ̣ the issuance of a stop work order? - correct
answer...✔✔Immediately

Who is to be in charge
̣ of a local building ̣ department? - correct answer...✔✔Building ̣
official.

An appeal of the local building ̣ official's decision to refuse to gṛ ant a modification to the
USBC MUST be made to the local building ̣ board within a MAXIMUM of how many
days? - correct answer...✔✔90 days.

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

Contractors will be assessed a fee for the Transaction Recovery Fund whenever the
fund balance is less than - correct answer...✔✔$400,000.

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.

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
judgm
̣ ent? - correct answer...✔✔12 months.

Payments made by the Transaction Recovery Fund to claimants may include an
amount for - correct answer...✔✔attorneys' fees.

A contract for which of the following ̣ types of structures may be subject to recovery from
the Transaction Recovery Fund? - correct answer...✔✔Residential only

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.

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.

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 exchang e ̣ d at will.




AGRADESOLUTIONS

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