Virginia HIC Exam | Complete Study Guide and Practice
Questions WITH WELL VERIFIED ANSWERS
What is the MAXIMUM penalty for a contractor who undertakes work without the proper class
of license? - answer☑️✔️..$500 fine per day for each day of violation plus penalties for a
misdemeanor.
All Class A contractor licensure applications MUST include - answer☑️✔️..information on the
knowledge, skills, and abilities of the applicant.
What is the PRIMARY purpose of licensing? - answer☑️✔️..Protect the health and welfare of
the public.
When a claimant is paid funds from the Contractors Recovery Trust Fund - answer☑️✔️..the
contractor's license is revoked. !!!
The application for licensure MUST include - answer☑️✔️..the business address of the
proposed designated employee.
Which of the following is a requirement for a joint venture? - answer☑️✔️..Either the joint
venture or each contracting party of the joint venture must be licensed.
All of the following must be licensed EXCEPT - answer☑️✔️..a material supplier who advises a
contractor.
How much is the Class A initial license fee? - answer☑️✔️..$200
A licensee's name change MUST be reported to the Board within a MAXIMUM of how many
days? - answer☑️✔️..30 days
,According to the Board Rules and Regulations, a full-time employee is one who works a
MINIMUM of how many hours per week? - answer☑️✔️..30 hours.
A firm desiring to be licensed as a Class B contractor MUST have a MINIMUM net worth of -
answer☑️✔️..$15,000.
According to the Board Rules and Regulations, which of the following could be a qualified
individual? - answer☑️✔️..Any full-time employee.
An appeal of the local building official's decision to refuse to grant a modification to the USBC
MUST be made to the local building board within a MAXIMUM of how many days? -
answer☑️✔️..90 days.
A building official MUST issue a certificate of occupancy for a building that meets all the
requirements for a certificate within a MAXIMUM of how many working days after the
certificate was requested? - answer☑️✔️..5
Additions to buildings MUST comply with - answer☑️✔️..the current code for new
construction.
When MUST the work be stopped following the issuance of a stop work order? -
answer☑️✔️..Immediately
Who is to be in charge of a local building department? - answer☑️✔️..Building official.
Contractors who are assessed a fee to support the Transaction Recovery Fund MUST pay this fee
within a MINIMUM of how many days from when the assessment fee notice was mailed? -
answer☑️✔️..45 days
, Contractors will be assessed a fee for the Transaction Recovery Fund whenever the fund balance
is less than - answer☑️✔️..$400,000.
Payments made by the Transaction Recovery Fund to claimants may include an amount for -
answer☑️✔️..attorneys' fees.
A contract for which of the following types of structures may be subject to recovery from the
Transaction Recovery Fund? - answer☑️✔️..Residential only.
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? -
answer☑️✔️..12 months.
An appeal of a final decision of a county on an erosion control plan MUST be filed within a
MAXIMUM of how many days? - answer☑️✔️..30 days.
Temporary erosion and sediment control measures MUST be removed within a MAXIMUM of
how many days after the final site stabilization? - answer☑️✔️..30 days.
Which of the following statements about a sole proprietorship is TRUE? - answer☑️✔️..The
business, or any part of it, can be sold, altered, or exchanged at will.
What type of business organization allows people to share financial resources? -
answer☑️✔️..Partnership.
Which of the following estimating methods is typically used by the architect rather than the
contractor? - answer☑️✔️..Conceptual estimate.
Questions WITH WELL VERIFIED ANSWERS
What is the MAXIMUM penalty for a contractor who undertakes work without the proper class
of license? - answer☑️✔️..$500 fine per day for each day of violation plus penalties for a
misdemeanor.
All Class A contractor licensure applications MUST include - answer☑️✔️..information on the
knowledge, skills, and abilities of the applicant.
What is the PRIMARY purpose of licensing? - answer☑️✔️..Protect the health and welfare of
the public.
When a claimant is paid funds from the Contractors Recovery Trust Fund - answer☑️✔️..the
contractor's license is revoked. !!!
The application for licensure MUST include - answer☑️✔️..the business address of the
proposed designated employee.
Which of the following is a requirement for a joint venture? - answer☑️✔️..Either the joint
venture or each contracting party of the joint venture must be licensed.
All of the following must be licensed EXCEPT - answer☑️✔️..a material supplier who advises a
contractor.
How much is the Class A initial license fee? - answer☑️✔️..$200
A licensee's name change MUST be reported to the Board within a MAXIMUM of how many
days? - answer☑️✔️..30 days
,According to the Board Rules and Regulations, a full-time employee is one who works a
MINIMUM of how many hours per week? - answer☑️✔️..30 hours.
A firm desiring to be licensed as a Class B contractor MUST have a MINIMUM net worth of -
answer☑️✔️..$15,000.
According to the Board Rules and Regulations, which of the following could be a qualified
individual? - answer☑️✔️..Any full-time employee.
An appeal of the local building official's decision to refuse to grant a modification to the USBC
MUST be made to the local building board within a MAXIMUM of how many days? -
answer☑️✔️..90 days.
A building official MUST issue a certificate of occupancy for a building that meets all the
requirements for a certificate within a MAXIMUM of how many working days after the
certificate was requested? - answer☑️✔️..5
Additions to buildings MUST comply with - answer☑️✔️..the current code for new
construction.
When MUST the work be stopped following the issuance of a stop work order? -
answer☑️✔️..Immediately
Who is to be in charge of a local building department? - answer☑️✔️..Building official.
Contractors who are assessed a fee to support the Transaction Recovery Fund MUST pay this fee
within a MINIMUM of how many days from when the assessment fee notice was mailed? -
answer☑️✔️..45 days
, Contractors will be assessed a fee for the Transaction Recovery Fund whenever the fund balance
is less than - answer☑️✔️..$400,000.
Payments made by the Transaction Recovery Fund to claimants may include an amount for -
answer☑️✔️..attorneys' fees.
A contract for which of the following types of structures may be subject to recovery from the
Transaction Recovery Fund? - answer☑️✔️..Residential only.
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? -
answer☑️✔️..12 months.
An appeal of a final decision of a county on an erosion control plan MUST be filed within a
MAXIMUM of how many days? - answer☑️✔️..30 days.
Temporary erosion and sediment control measures MUST be removed within a MAXIMUM of
how many days after the final site stabilization? - answer☑️✔️..30 days.
Which of the following statements about a sole proprietorship is TRUE? - answer☑️✔️..The
business, or any part of it, can be sold, altered, or exchanged at will.
What type of business organization allows people to share financial resources? -
answer☑️✔️..Partnership.
Which of the following estimating methods is typically used by the architect rather than the
contractor? - answer☑️✔️..Conceptual estimate.
