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Exam (elaborations)

VA Business & Law Exam Questions & Verified Answers – Virginia Contractor License Exam Prep 2026/2027

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Prepare for the Virginia Contractor Business & Law Exam with comprehensive practice questions and verified answers covering Virginia contractor licensing requirements, designated employee responsibilities, business organization, contracts, financial management, estimating and bidding, project management, safety requirements, regulatory compliance, and Virginia contractor laws. This study resource is designed for candidates preparing for the Virginia Class A or Class B contractor licensing examination and provides targeted exam review to help reinforce important Business & Law concepts and licensing requirements. Current Virginia exam-preparation resources identify the Business & Law examination as a key component of the Virginia contractor licensing process and note that many classifications require a separate trade examination in addition to the business examination.

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VA Business Exam - Questions & Verified Answers

A designated employee should be? b) At least 18 years old, full time employee, has passed required examination

a) any full time worker
b) At least 18 years old, full time employee, has passed
required examination
c) at least 18 years old and 5 years experienced for Class
A
d) the owner


A contractor does not notify a change of address and so c) The Licensed Contractor
does not receive a timely Notice of Renewal. Who is
responsible when the contractor does not renew his
license on time?

a) USBC
b) OSHA
c) The Licensed Contractor
d) DPOR


If a contractor earns more than $___________ per year, c) $750,000
then the contractor requires a Class A license.

a) $120,000
b) $7,500
c) $750,000
d) $150,000


What is the initial Recovery Fund fee? d) $25

a) $200
b) $50
c) $0
d) $25


If a contract awards more than $_____________ per a) $120,000
project, the contractor requires a Class A license.

a) $120,000
b) $7,500
c) $750,000
d) $150,000


An erosion control conservation plan needs to be b) 60 days
approved within ________________ days.

a) 18 days
b) 60 days
c) 29 days
d) 45 days


Where do you go to file an appeal of a violation to the d) to the LBBCA (Local Board of Building Code Appeals)
USBC provisions?

a) None because there is no appeal
b) To OSHA
c) to the court
d) to the LBBCA (Local Board of Building Code Appeals)


A contractor is required to submit a renewal within_______ b) 30
days of the expiration date?

a) 20
b) 30
c) 50
d) 180




Grade A+ | Updated

, VA Business Exam - Questions & Verified Answers

Who can file a complaint against a contractor (under the a) Residential property owner
Recovery Fund)?

a) Residential property owner
b) DPOR
c) any person
d) only the other part of the contract


What is the required when changing the form of entity from b) a new license
a sole proprietorship to corporations?

a) nothing because the licensee is the same
b) a new license
c) pay the fee only
d) take a new exam


What is the maximum fund allowed for a single contractor c) $40,000
(per biennium)?

a) $20,000
b) $7,500
c) $40,000
d) $400,000


To whom should a stop work order be given? b) owner, owner's agent or the person doing the work

a) any person
b) owner, owner's agent or the person doing the work
c) contractor only
d) owner only


Within how many days should be submitted an appeal for b) 30 days
construction?

a) 50 days
b) 30 days
c) 21 days
d) 90 days


An appeal of the local building official's decision to refuse c) 30 days
to grant a modification to the USBC MUST be made to the
LBBCA (local board of building code appeals) within a
MAXIMUM of how many days?

a) 90 days
b) 21 days
c) 30 days
d) 50 days


Documents related to a contract should be kept for _____ d) 5
years.

a) 1
b) 3
d) 4
c) 5


Where should one set of all approved building documents b) at the building site
be kept?

a) at the court
b) at the building site
c) at the owner's house
d) at the contractor's house




Grade A+ | Updated

, VA Business Exam - Questions & Verified Answers

An erosion control conservation specification needs to be d) 60
approved within ______ days.

a) 45
b) 22
c) 77
d) 60


After notification by the code official, an application for a b) 6
permit shall be considered to have been abandoned for
_______ months.

a) 2
b) 6
c) 9
d) 12


Where is the Recovery Fund used? a) to pay claimants subject of improper or dishonest conduct of a regulate

a) to pay claimants subject of improper or dishonest
conduct of a regulate
b) to pay taxes
c) to pay bankruptcy
d) to pay subcontractors


Disturbed land areas of less than _______ square feet in c) 10,000
size may not be an issue of erosion and sediment control.

a) 20,000
b) 45,000
c) 10,000
d) 1,500


A designated employee must work a minimum of how b) 30 hours
many hours for licensed contracting business:

a) 24 hours
b) 30 hours
c) 36 hours
d) 40 hours


The Board can refuse to renew a license when the b) had its contractor license revoked
principal owner is a former owner or officer of a firm that

a) ceased operation within the previous 12 month.
b) had its contractor license revoked.
c) had an out-of-state address
d) did not employ tradesmen.


What is the maximum amount a single contractor's c) $40,000
Transaction Recovery Fund claim against a licensee can
be?

a) $20,000
b) $400,000
c) $40,000
d) $120,000


What is the maximum amount that can be paid out on b) $40,000
behalf of a single contractor?

a) $120,000
b) $40,000
c) $10,000
d) $20,000




Grade A+ | Updated

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October 7, 2026
Number of pages
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