VIRGINIA CONTRACTOR'S EXAM
QUESTIONS AND ANSWERS 100%
CORRECT
What is the MAXIMUM penalty for a contractor who undertakes work without the proper
class of license? - ANSWER-$500 fine per day for each day of violation plus penalties
for a misdemeanor.
What is the PRIMARY purpose of licensing? - ANSWER-Protect the health and welfare
of the public.
The application for licensure MUST include - ANSWER-the business address of the
proposed designated employee.
All of the following must be licensed EXCEPT - ANSWER-a material supplier who
advises a contractor.
When a claimant is paid funds from the Contractors Recovery Trust Fund - ANSWER-
the contractor's license is revoked.
All Class A contractor licensure applications MUST include - ANSWER-information on
the knowledge, skills, and abilities of the applicant.
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
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.
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
Contractors will be assessed a fee for the Transaction Recovery Fund whenever the
fund balance is less than - ANSWER-$400,000.
How much is the Class A initial license fee not including the Recovery Fund fee? -
ANSWER-$360
According 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.
, According to the Board Rules and Regulations, which of the following could be a
qualified individual? - ANSWER-Any full-time employee
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.
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
Who is to be in charge of a local building department? - ANSWER-Building official.
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.
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.
Payments made by the Transaction Recovery Fund to claimants may include an
amount for - ANSWER-attorneys' fees.
A contract for which of the following types of structures may be subject to recovery from
the Transaction Recovery Fund? - 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? - 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.
Which of the following statements about a sole proprietorship is TRUE? - ANSWER-The
business, or any part of it, can be sold, altered, or exchanged at will.
What type of business organization allows people to share financial resources? -
ANSWER-Partnership
All of the following are considered general conditions that could affect costs directly
associated with a specific project EXCEPT - ANSWER-profit margin.
QUESTIONS AND ANSWERS 100%
CORRECT
What is the MAXIMUM penalty for a contractor who undertakes work without the proper
class of license? - ANSWER-$500 fine per day for each day of violation plus penalties
for a misdemeanor.
What is the PRIMARY purpose of licensing? - ANSWER-Protect the health and welfare
of the public.
The application for licensure MUST include - ANSWER-the business address of the
proposed designated employee.
All of the following must be licensed EXCEPT - ANSWER-a material supplier who
advises a contractor.
When a claimant is paid funds from the Contractors Recovery Trust Fund - ANSWER-
the contractor's license is revoked.
All Class A contractor licensure applications MUST include - ANSWER-information on
the knowledge, skills, and abilities of the applicant.
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
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.
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
Contractors will be assessed a fee for the Transaction Recovery Fund whenever the
fund balance is less than - ANSWER-$400,000.
How much is the Class A initial license fee not including the Recovery Fund fee? -
ANSWER-$360
According 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.
, According to the Board Rules and Regulations, which of the following could be a
qualified individual? - ANSWER-Any full-time employee
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.
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
Who is to be in charge of a local building department? - ANSWER-Building official.
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.
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.
Payments made by the Transaction Recovery Fund to claimants may include an
amount for - ANSWER-attorneys' fees.
A contract for which of the following types of structures may be subject to recovery from
the Transaction Recovery Fund? - 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? - 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.
Which of the following statements about a sole proprietorship is TRUE? - ANSWER-The
business, or any part of it, can be sold, altered, or exchanged at will.
What type of business organization allows people to share financial resources? -
ANSWER-Partnership
All of the following are considered general conditions that could affect costs directly
associated with a specific project EXCEPT - ANSWER-profit margin.
