Virginia Business Pre-License
(Class A/B) (VA Portion) Exam
Questions and Answers 100%
PASS
A home inspection business requires a....—ANSWER-License
Who is the Transaction Recovery Fund administered by?—ANSWER-The Virginia Board for
Contractors
What is the Board for Contractor's purpose?—ANSWER-Regulating businesses that construct
or improve facilities on property owned by others
What is the daily monetary amount of fines that can be incurred for a violation of the
contractor regulations?—ANSWER-$500 per day
Soil erosion is the removal of material from a site through what?—ANSWER-Water, wind,
gravity
What happens if a contractor does not pay an assessment to the Transaction Recovery
Fund?—ANSWER-Immediate suspension
Any person that, for a fixed price, commission, fee, or percentage, undertakes to bid upon,
or accepts, or offers to accept, orders or contracts for performing, managing, or
, superintending in whole or in part, the construction, removal, repair, or improvement of any
building or structure permanently annexed to real property owned, controlled, or leased by
him or another person or any other improvements to such real property.—ANSWER-
Contractor
What is NOT the responsibility of the permit holder in the event of an inspection?—
ANSWER-Doing the actual inspection
An example of an activity that does not require a permit....—ANSWER-Construction work
deemed to be minor and ordinary, and which does not adversely affect public health or
general safety.
For a Class B license, what must the net worth of the company be?—ANSWER-At least
$15,000
The most general of the specialty endorsements, this allows a contractor to perform the
widest range of work.—ANSWER-Residential Building Contractor (RBC)
What do Level 1 alterations include?—ANSWER-The removal and replacement or the
covering of existing materials, elements, equipment, or fixtures using new materials,
elements, equipment, or fixtures that serve the same purpose.
Making any misrepresentation or making a false promise that might influence, persuade, or
induce is an example of what?—ANSWER-A prohibited act as stated in 18 VAC 50-22-260 of
the Virginia Board for Contractors Regulations
What are the license classifications for Virginia contractors?—ANSWER-A, B, C
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law, Copyrighted By Brittie Donald
(Class A/B) (VA Portion) Exam
Questions and Answers 100%
PASS
A home inspection business requires a....—ANSWER-License
Who is the Transaction Recovery Fund administered by?—ANSWER-The Virginia Board for
Contractors
What is the Board for Contractor's purpose?—ANSWER-Regulating businesses that construct
or improve facilities on property owned by others
What is the daily monetary amount of fines that can be incurred for a violation of the
contractor regulations?—ANSWER-$500 per day
Soil erosion is the removal of material from a site through what?—ANSWER-Water, wind,
gravity
What happens if a contractor does not pay an assessment to the Transaction Recovery
Fund?—ANSWER-Immediate suspension
Any person that, for a fixed price, commission, fee, or percentage, undertakes to bid upon,
or accepts, or offers to accept, orders or contracts for performing, managing, or
, superintending in whole or in part, the construction, removal, repair, or improvement of any
building or structure permanently annexed to real property owned, controlled, or leased by
him or another person or any other improvements to such real property.—ANSWER-
Contractor
What is NOT the responsibility of the permit holder in the event of an inspection?—
ANSWER-Doing the actual inspection
An example of an activity that does not require a permit....—ANSWER-Construction work
deemed to be minor and ordinary, and which does not adversely affect public health or
general safety.
For a Class B license, what must the net worth of the company be?—ANSWER-At least
$15,000
The most general of the specialty endorsements, this allows a contractor to perform the
widest range of work.—ANSWER-Residential Building Contractor (RBC)
What do Level 1 alterations include?—ANSWER-The removal and replacement or the
covering of existing materials, elements, equipment, or fixtures using new materials,
elements, equipment, or fixtures that serve the same purpose.
Making any misrepresentation or making a false promise that might influence, persuade, or
induce is an example of what?—ANSWER-A prohibited act as stated in 18 VAC 50-22-260 of
the Virginia Board for Contractors Regulations
What are the license classifications for Virginia contractors?—ANSWER-A, B, C
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law, Copyrighted By Brittie Donald
