Virginia Contractor Practice Test Questions and Answers Already Passed

Virginia Contractor Practice Test Questions and Answers Already Passed What is the MAXIMUM penalty for a contractor who undertakes work without the proper class of license? $500 fine. Which of the following is a requirement for a joint venture? Either the joint venture or each contracting party of the joint venture must be licensed. The application for licensure MUST include the business address of the proposed designated employee. All Class A contractor licensure applications MUST include information on the knowledge, skills, and abilities of the applicant. When a claimant is paid funds from the Contractors Recovery Trust Fund the contractor's license is revoked. All of the following must be licensed EXCEPT a material supplier who advises a contractor. What is the PRIMARY purpose of licensing? Protect the health and welfare of the public. A firm desiring to be licensed as a Class B contractor MUST have a MINIMUM net worth of $15,000. A licensee's name change MUST be reported to the Board within a MAXIMUM of how many days? 30 days. According to the Board Rules and Regulations, which of the following could be a qualified individual? Any full-time employee. How much is the Class A initial license fee? $200 According to the Board Rules and Regulations, a full-time employee is one who works a MINIMUM of how many hours per week? 30 hours. Who is to be in charge of a local building department? Building official. 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? 5 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? 90 days. Additions to buildings MUST comply with the current code for new construction. When MUST the work be stopped following the issuance of a stop work order? Immediately Contractors will be assessed a fee for the Transaction Recovery Fund whenever the fund balance is less than $400,000.