VIRGINIA CONTRACTOR'S EXAM QUESTIONS AND ANSWERS
GRADED A+ LATEST UPDATE.
1. What is the MAXIMUM penalty for a contractor who undertakes work without
the proper class of license? ANS >> $500 fine per day for each day of violation
plus penalties for a misdemeanor.
2. What is the PRIMARY purpose of licensing? ANS >> Protect the health and
welfare of the public.
3. The application for licensure MUST include ANS >> the business address
of the proposed designated employee.
4. All of the following must be licensed EXCEPT ANS >> a material supplier who
advises a contractor.
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, 5. When a claimant is paid funds from the Contractors Recovery Trust Fund AN
>> -
the contractor's license is revoked.
6. All Class A contractor licensure applications MUST include ANS >>
information on the knowledge, skills, and abilities of the applicant.
7. Which of the following is a requirement for a joint venture? ANS >> Either
the joint venture or each contracting party of the joint venture must be licensed
8. How much is the Class A initial license fee not including the Recovery Fund
fee? ANS >> $360
9. According to the Board Rules and Regulations, a full-time employee is one
who works a MINIMUM of how many hours per week? ANS >> 30 hours.
10. According to the Board Rules and Regulations, which of the following
could be a qualified individual? ANS >> Any full-time employee
11. A firm desiring to be licensed as a Class B contractor MUST have a
MINIMUM net worth of ANS >> $15,000
12. A licensee's name change MUST be reported to the Board within a MAXI-
MUM of how many days? ANS >> 30 days.
13. Additions to buildings MUST comply with ANS >> the current code for new
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GRADED A+ LATEST UPDATE.
1. What is the MAXIMUM penalty for a contractor who undertakes work without
the proper class of license? ANS >> $500 fine per day for each day of violation
plus penalties for a misdemeanor.
2. What is the PRIMARY purpose of licensing? ANS >> Protect the health and
welfare of the public.
3. The application for licensure MUST include ANS >> the business address
of the proposed designated employee.
4. All of the following must be licensed EXCEPT ANS >> a material supplier who
advises a contractor.
mailto:https://www.stuvia.com/user/techgrades 1/
12
, 5. When a claimant is paid funds from the Contractors Recovery Trust Fund AN
>> -
the contractor's license is revoked.
6. All Class A contractor licensure applications MUST include ANS >>
information on the knowledge, skills, and abilities of the applicant.
7. Which of the following is a requirement for a joint venture? ANS >> Either
the joint venture or each contracting party of the joint venture must be licensed
8. How much is the Class A initial license fee not including the Recovery Fund
fee? ANS >> $360
9. According to the Board Rules and Regulations, a full-time employee is one
who works a MINIMUM of how many hours per week? ANS >> 30 hours.
10. According to the Board Rules and Regulations, which of the following
could be a qualified individual? ANS >> Any full-time employee
11. A firm desiring to be licensed as a Class B contractor MUST have a
MINIMUM net worth of ANS >> $15,000
12. A licensee's name change MUST be reported to the Board within a MAXI-
MUM of how many days? ANS >> 30 days.
13. Additions to buildings MUST comply with ANS >> the current code for new
mailto:https://www.stuvia.com/user/techgrades 2/
12
