Virginia Contractor Practice Test Questions & Answers Already Passed!!

What is the MAXIMUM penalty for a contractor who undertakes work without the proper class of license? - Answer-$500 fine. Which of the following is a requirement for a joint venture? - Answer-Either the joint venture or each contracting party of the joint venture must be licensed. The application for licensure MUST include - Answer-the business address of the proposed designated employee. All Class A contractor licensure applications MUST include - Answer-information on the knowledge, skills, and abilities of the applicant. When a claimant is paid funds from the Contractors Recovery Trust Fund - Answer-the contractor's license is revoked. All of the following must be licensed EXCEPT - Answer-a material supplier who advises a contractor. What is the PRIMARY purpose of licensing? - Answer-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 - Answer- $15,000. A licensee's name change MUST be reported to the Board within a MAXIMUM of how many days? - Answer-30 days. According to the Board Rules and Regulations, which of the following could be a qualified individual? - Answer-Any full-time employee. How much is the Class A initial license fee? - Answer-$200According to the Board Rules and Regulations, a full-time employee is one who works a MINIMUM of how many hours per week? - Answer-30 hours. Who is to be in charge of a local building department? - Answer-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? - Answer-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? - Answer-90 days. Additions to buildings MUST comply with - Answer-the current code for new construction. When MUST the work be stopped following the issuance of a stop work order? - Answer-Immediately Contractors will be assessed a fee for the Transaction Recovery Fund whenever the fund balance is less than - Answer-$400,000. A contract for which of the following types of structures may be subject to recovery from the Transaction Recovery Fund? - Answer-Residential only. 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? - Answer-12 months. 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? - Answer-45 days. Payments made by the Transaction Recovery Fund to claimants may include an amount for - Answerattorneys' fees.An appeal of a final decision of a county on an erosion control plan MUST be filed within a MAXIMUM of how many days? - Answer-30 days. Temporary erosion and sediment control measures MUST be removed within a MAXIMUM of how many days after the final site stabilization? - Answer-30 days