VIRGINIA CONTRACTOR PRACTICE TEST QUESTIONS & ANSWERS RATED 100% CORRECT

VIRGINIA CONTRACTOR PRACTICE
TEST QUESTIONS & ANSWERS
RATED 100% CORRECT

What is the MAXIMUM penalty for a contractor who undertakes work without the proper class
of license? - correct answer ✔✔$500 fine.



Which of the following is a requirement for a joint venture? - correct answer ✔✔Either the joint
venture or each contracting party of the joint venture must be licensed.



The application for licensure MUST include - correct answer ✔✔the business address of the
proposed designated employee.



All Class A contractor licensure applications MUST include - correct answer ✔✔information on
the knowledge, skills, and abilities of the applicant.



When a claimant is paid funds from the Contractors Recovery Trust Fund - correct answer
✔✔the contractor's license is revoked.



All of the following must be licensed EXCEPT - correct answer ✔✔a material supplier who
advises a contractor.



A firm desiring to be licensed as a Class B contractor MUST have a MINIMUM net worth of -
correct answer ✔✔$15,000.



What is the PRIMARY purpose of licensing? - correct answer ✔✔Protect the health and welfare
of the public.