Virginia Contractor Practice Test

Virginia Contractor Practice Test What is the MAXIMUM penalty for a contractor who undertakes work without the proper class of license? - Correct Answers $500 fine. Which of the following is a requirement for a joint venture? - Correct Answers Either the joint venture or each contracting party of the joint venture must be licensed. The application for licensure MUST include - Correct Answers the business address of the proposed designated employee. All Class A contractor licensure applications MUST include - Correct Answers information on the knowledge, skills, and abilities of the applicant. When a claimant is paid funds from the Contractors Recovery Trust Fund - Correct Answers the contractor's license is revoked. All of the following must be licensed EXCEPT - Correct Answers a material supplier who advises a contractor. What is the PRIMARY purpose of licensing? - Correct Answers 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 - Correct Answers $15,000. A licensee's name change MUST be reported to the Board within a MAXIMUM of how many days? - Correct Answers 30 days. According to the Board Rules and Regulations, which of the following could be a qualified individual? - Correct Answers Any full-time employee. How much is the Class A initial license fee? - Correct Answers $200 According to the Board Rules and Regulations, a full-time employee is one who works a MINIMUM of how many hours per week? - Correct Answers 30 hours. Who is to be in charge of a local building department? - Correct Answers Building official.