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Exam (elaborations)

Va Contractors License Exam – Questions And Answers | Verified And Well Detailed Answers | Plus Rationales | Download And Pass | Latest Exam Update 2026/2027

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Preview 4 out of 43 pages

Va Contractors License Exam – Questions And Answers | Verified And Well Detailed Answers | Plus Rationales | Download And Pass | Latest Exam Update 2026/2027

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VA CONTRACTORS LICENSE EXAM – QUESTIONS AND
ANSWERS | VERIFIED AND WELL DETAILED ANSWERS |
PLUS RATIONALES | DOWNLOAD AND PASS | LATEST
EXAM UPDATE 2026/2027
Core Domains
Virginia Portion: Regulation of Contractors, Board Rules, Building
Codes, Transaction Recovery Fund, Erosion & Sediment Control
General Portion: Business Organization, Estimating & Bidding,
Contract Management, Project Management, Risk Management, Safety,
Labor Laws, Financial Management, Taxes, Lien Laws
Advanced Portion (Class A only): Advanced Estimating, Contract
Management, Project Management, Risk Management, Safety, Financial
Management
Introduction
This assessment evaluates the candidate's mastery of essential concepts
required for the Virginia Contractors License Examination. It measures
knowledge of Virginia contractor regulations, business organization,
estimating, contract management, project management, risk
management, safety, labor laws, financial management, taxes, and lien
laws. The exam employs multiple-choice and scenario-based questions
designed to simulate real-world contracting challenges. Emphasis is
placed on applying Virginia Code, DPOR regulations, and industry best
practices to ensure compliant and ethical business operations. Success
requires not only recall of regulatory requirements but also critical
thinking skills necessary for effective project management and financial
decision-making.

,Section One: Questions 1–100
1. A contractor performs roof work on a two-family dwelling in
Virginia without a valid license. What is the maximum civil penalty
per day the Board for Contractors may impose?
A. $500
B. $1,000
C. $2,500
D. $5,000
C
RATIONALE: Virginia law allows the Board to impose a civil
penalty of up to $2,500 per day for unlicensed contracting to deter
unlicensed activity and protect consumers .
2. Under the Virginia Uniform Statewide Building Code (USBC),
who has the primary authority to enforce building code provisions
on a residential new construction project?
A. The local building department
B. The State Fire Marshal
C. The Board for Contractors
D. The Department of Professional and Occupational Regulation
A
RATIONALE: The USBC is enforced by local building departments
(local government), not state agencies, unless a locality has ceded
enforcement authority. The Board for Contractors handles licensing, not
code compliance .
3. How much money can a homeowner recover from the Virginia
Transaction Recovery Fund for a single transaction involving a
licensed contractor?

,A. $20,000
B. $30,000
C. $40,000
D. $50,000
A
RATIONALE: The maximum recovery per transaction from the
Transaction Recovery Fund is $20,000, with an aggregate limit of
$40,000 per contractor. Other sources confirm the recovery fund
provides compensation to property owners who have suffered losses due
to contractor misconduct .
4. What is the minimum net worth requirement for a Class A
contractor license in Virginia?
A. $15,000
B. $25,000
C. $45,000
D. $75,000
C
RATIONALE: Class A applicants must demonstrate a minimum net
worth of $45,000, verified through a financial statement reviewed by a
CPA. Class B applicants require $15,000 net worth .
5. What is the maximum contract value a Class B contractor can
legally perform on a single project?
A. $10,000
B. $30,000
C. $120,000
D. $150,000
C

, RATIONALE: Class B contractors in Virginia are limited to
projects up to $120,000 per job and $750,000 in annual gross revenue .
6. How many years of experience are required to qualify for a Class
A contractor license?
A. 2 years
B. 3 years
C. 5 years
D. 7 years
C
RATIONALE: Class A applicants must provide documented proof
of five years of experience in the construction industry relevant to the
license classification being sought .
7. The Virginia Board for Contractors is part of which state agency?
A. Department of Labor
B. Department of Professional and Occupational Regulation (DPOR)
C. Department of Housing
D. Department of Commerce
B
RATIONALE: DPOR administers the Virginia Contractor Licensing
Board and enforces contractor licensing laws .
8. A contractor holds a Class A license and is bidding on a $150,000
commercial interior renovation. The project involves structural
modifications and mechanical system upgrades. Which of the
following statements about the license classification is correct?
A. A Class A license allows the contractor to perform any project
regardless of cost, so the bid is permissible.
B. A Class A license is required for projects over $120,000, and the

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