VIRGINIA CONTRACTOR EXAM QUESTIONS WITH
100% CORRECT ANSWERS
1. What is the MAXIMUM penalty for a contractor who undertakes work
without the proper class of license?: $500 fine.
2. According to the Board Rules and Regulations, a full-time employee is one
who works a MINIMUM of how many hours per week?: 30 hours.
3. All Class A contractor licensure applications MUST include: information on
the knowledge, skills, and abilities of the applicant
4. Which of the following is a requirement for a joint venture?: Either the joint
venture or each contracting party of the joint venture must be licensed.
5. The application for licensure MUST include: the business address of the
proposed designated employee.
6. When MUST the work be stopped following the issuance of a stop work
order?: Immediately
7. When a claimant is paid funds from the Contractors Recovery Trust Fund: the
contractor's license is revoked.
8. All of the following must be licensed EXCEPT: a material supplier who
advises a contractor.
9. 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?: 12 months.
10. What is the PRIMARY purpose of licensing?: Protect the health and
welfare of the public.
11. A firm desiring to be licensed as a Class B contractor MUST have a
MINIMUM net worth of: $15,000.
12. A licensee's name change MUST be reported to the Board within a
MAXIMUM of how many days?: 30 days.
100% CORRECT ANSWERS
1. What is the MAXIMUM penalty for a contractor who undertakes work
without the proper class of license?: $500 fine.
2. According to the Board Rules and Regulations, a full-time employee is one
who works a MINIMUM of how many hours per week?: 30 hours.
3. All Class A contractor licensure applications MUST include: information on
the knowledge, skills, and abilities of the applicant
4. Which of the following is a requirement for a joint venture?: Either the joint
venture or each contracting party of the joint venture must be licensed.
5. The application for licensure MUST include: the business address of the
proposed designated employee.
6. When MUST the work be stopped following the issuance of a stop work
order?: Immediately
7. When a claimant is paid funds from the Contractors Recovery Trust Fund: the
contractor's license is revoked.
8. All of the following must be licensed EXCEPT: a material supplier who
advises a contractor.
9. 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?: 12 months.
10. What is the PRIMARY purpose of licensing?: Protect the health and
welfare of the public.
11. A firm desiring to be licensed as a Class B contractor MUST have a
MINIMUM net worth of: $15,000.
12. A licensee's name change MUST be reported to the Board within a
MAXIMUM of how many days?: 30 days.
