VA ADVANCED CLASS A CONTRACTOR EXAM 2026/2027 ACTUAL
EXAM TESTBANK AND STUDY GUIDE ACCURATE QUESTIONS AND
CORRECT DETAILED ANSWERS WITH WELL ELABORATED ANSWERS
AND RATIONALES (VERIFIED SOLUTIONS) LATEST UPDATED
VERSION 2026 EDITION |GUARANTEED SUCCESS A+ (BRAND NEW!)
FULL REVISED EXAM
1. A contractor enters into a fixed-price contract for a commercial renovation. The
project specifications call for a specific brand of HVAC unit. The contractor
discovers that an equivalent but less expensive brand is available. What is the
contractor’s best course of action under Virginia law?
A) Substitute the less expensive brand without informing the owner
B) Request a change order to use the equivalent brand, documenting cost savings
C) Use the specified brand only if the owner agrees to pay the difference
D) Proceed with the specified brand and absorb the extra cost
CORRECT ANSWER: B) Request a change order to use the equivalent brand,
documenting cost savings
Rationale: Virginia law requires adherence to contract specifications. Substitution
without owner consent is a breach. A change order allows mutual agreement on
equivalent products, especially if cost savings are passed to the owner.
2. Which financial statement is required to demonstrate a Class A contractor’s
minimum net worth under the Virginia Board for Contractors regulations?
A) Cash flow statement
B) Balance sheet prepared by an independent CPA
C) Profit and loss statement
D) Bank statement with average monthly balance
CORRECT ANSWER: B) Balance sheet prepared by an independent CPA
,*Rationale: Virginia Administrative Code 18VAC50-22-120 requires Class A
applicants to submit a CPA-prepared balance sheet showing minimum net worth of
$45,000 (or higher per updated limits).*
3. A Class A contractor in Virginia fails to renew the license before the expiration
date. What is the grace period for late renewal without re-examination?
A) 30 days
B) 60 days
C) 90 days
D) No grace period
CORRECT ANSWER: D) No grace period
Rationale: Virginia contractor licenses expire on the last day of the birth month.
There is no grace period; after expiration, the contractor must cease work and
apply for reinstatement within one year with late fees and continuing education, or
reapply after one year.
4. Under the Virginia Consumer Protection Act, which practice is prohibited for a
contractor when dealing with a homeowner?
A) Providing a written contract with a 3-day right of rescission
B) Demanding full payment before any work begins on a project over $1,000
C) Using high-pressure tactics to induce signing a contract
D) Offering a discount for early payment
**CORRECT ANSWER: B) Demanding full payment before any work begins on
a project over $1,000**
*Rationale: Va. Code § 59.1-207.8 prohibits demanding or receiving full payment
before completion of work unless the contract clearly states the schedule and the
consumer waives the right in writing. Full upfront payment is generally considered
an unfair practice.*
,5. What is the maximum bond amount required for a Virginia Class A contractor’s
license?
A) $10,000
B) $15,000
C) $20,000
D) $50,000
**CORRECT ANSWER: C) $20,000**
*Rationale: 18VAC50-22-40 requires a $20,000 surety bond or letter of credit for
Class A contractors. Class B requires $10,000, Class C requires $5,000.*
6. An excavating subcontractor is hired by a general contractor with a Class A
license. The subcontractor does not have a Virginia contractor license. Which
statement is true?
A) The subcontractor can work if the value is under $10,000
B) The subcontractor must have at least a Class C license
C) The general contractor assumes all liability for unlicensed work
D) All subcontractors performing work over $1,000 must be licensed
**CORRECT ANSWER: D) All subcontractors performing work over $1,000
must be licensed**
*Rationale: Virginia law requires any person or entity performing contracting work
valued at $1,000 or more (including labor and materials) to hold the appropriate
contractor license. There is no exemption for subcontractors based on the prime's
license.*
7. A contract for home improvement work in Virginia must contain a specific
notice regarding the homeowner’s right to cancel. For which type of transaction is
this notice required?
A) Any contract over $500
B) Any contract signed off-premises (e.g., at a home show)
, C) Only contracts involving financing through the contractor
D) Any contract for emergency repairs
CORRECT ANSWER: B) Any contract signed off-premises (e.g., at a home show)
*Rationale: Virginia's Home Solicitation Sales Act (Va. Code § 59.1-21.1 et seq.)
gives a 3-day right of cancellation for sales made at a place other than the seller's
permanent place of business. Contractors must provide notice.*
8. A Class A contractor is bidding on a public project for a Virginia town. The bid
instructions require a bid bond of 5% of the bid amount. What is the purpose of
this bond?
A) To guarantee the contractor will sign the contract and provide performance and
payment bonds if awarded
B) To cover defective workmanship for one year
C) To pay subcontractors if the contractor defaults
D) To insure against injury on the job site
CORRECT ANSWER: A) To guarantee the contractor will sign the contract and
provide performance and payment bonds if awarded
Rationale: A bid bond assures the project owner that the contractor will enter into
the contract and furnish required performance and payment bonds. It is not a
warranty or insurance for injuries.
9. Under Virginia mechanic’s lien law, a general contractor must serve a notice of
lien on the property owner within how many days from the last date of furnishing
labor or materials?
A) 30 days
B) 60 days
C) 90 days
D) 180 days
CORRECT ANSWER: C) 90 days
EXAM TESTBANK AND STUDY GUIDE ACCURATE QUESTIONS AND
CORRECT DETAILED ANSWERS WITH WELL ELABORATED ANSWERS
AND RATIONALES (VERIFIED SOLUTIONS) LATEST UPDATED
VERSION 2026 EDITION |GUARANTEED SUCCESS A+ (BRAND NEW!)
FULL REVISED EXAM
1. A contractor enters into a fixed-price contract for a commercial renovation. The
project specifications call for a specific brand of HVAC unit. The contractor
discovers that an equivalent but less expensive brand is available. What is the
contractor’s best course of action under Virginia law?
A) Substitute the less expensive brand without informing the owner
B) Request a change order to use the equivalent brand, documenting cost savings
C) Use the specified brand only if the owner agrees to pay the difference
D) Proceed with the specified brand and absorb the extra cost
CORRECT ANSWER: B) Request a change order to use the equivalent brand,
documenting cost savings
Rationale: Virginia law requires adherence to contract specifications. Substitution
without owner consent is a breach. A change order allows mutual agreement on
equivalent products, especially if cost savings are passed to the owner.
2. Which financial statement is required to demonstrate a Class A contractor’s
minimum net worth under the Virginia Board for Contractors regulations?
A) Cash flow statement
B) Balance sheet prepared by an independent CPA
C) Profit and loss statement
D) Bank statement with average monthly balance
CORRECT ANSWER: B) Balance sheet prepared by an independent CPA
,*Rationale: Virginia Administrative Code 18VAC50-22-120 requires Class A
applicants to submit a CPA-prepared balance sheet showing minimum net worth of
$45,000 (or higher per updated limits).*
3. A Class A contractor in Virginia fails to renew the license before the expiration
date. What is the grace period for late renewal without re-examination?
A) 30 days
B) 60 days
C) 90 days
D) No grace period
CORRECT ANSWER: D) No grace period
Rationale: Virginia contractor licenses expire on the last day of the birth month.
There is no grace period; after expiration, the contractor must cease work and
apply for reinstatement within one year with late fees and continuing education, or
reapply after one year.
4. Under the Virginia Consumer Protection Act, which practice is prohibited for a
contractor when dealing with a homeowner?
A) Providing a written contract with a 3-day right of rescission
B) Demanding full payment before any work begins on a project over $1,000
C) Using high-pressure tactics to induce signing a contract
D) Offering a discount for early payment
**CORRECT ANSWER: B) Demanding full payment before any work begins on
a project over $1,000**
*Rationale: Va. Code § 59.1-207.8 prohibits demanding or receiving full payment
before completion of work unless the contract clearly states the schedule and the
consumer waives the right in writing. Full upfront payment is generally considered
an unfair practice.*
,5. What is the maximum bond amount required for a Virginia Class A contractor’s
license?
A) $10,000
B) $15,000
C) $20,000
D) $50,000
**CORRECT ANSWER: C) $20,000**
*Rationale: 18VAC50-22-40 requires a $20,000 surety bond or letter of credit for
Class A contractors. Class B requires $10,000, Class C requires $5,000.*
6. An excavating subcontractor is hired by a general contractor with a Class A
license. The subcontractor does not have a Virginia contractor license. Which
statement is true?
A) The subcontractor can work if the value is under $10,000
B) The subcontractor must have at least a Class C license
C) The general contractor assumes all liability for unlicensed work
D) All subcontractors performing work over $1,000 must be licensed
**CORRECT ANSWER: D) All subcontractors performing work over $1,000
must be licensed**
*Rationale: Virginia law requires any person or entity performing contracting work
valued at $1,000 or more (including labor and materials) to hold the appropriate
contractor license. There is no exemption for subcontractors based on the prime's
license.*
7. A contract for home improvement work in Virginia must contain a specific
notice regarding the homeowner’s right to cancel. For which type of transaction is
this notice required?
A) Any contract over $500
B) Any contract signed off-premises (e.g., at a home show)
, C) Only contracts involving financing through the contractor
D) Any contract for emergency repairs
CORRECT ANSWER: B) Any contract signed off-premises (e.g., at a home show)
*Rationale: Virginia's Home Solicitation Sales Act (Va. Code § 59.1-21.1 et seq.)
gives a 3-day right of cancellation for sales made at a place other than the seller's
permanent place of business. Contractors must provide notice.*
8. A Class A contractor is bidding on a public project for a Virginia town. The bid
instructions require a bid bond of 5% of the bid amount. What is the purpose of
this bond?
A) To guarantee the contractor will sign the contract and provide performance and
payment bonds if awarded
B) To cover defective workmanship for one year
C) To pay subcontractors if the contractor defaults
D) To insure against injury on the job site
CORRECT ANSWER: A) To guarantee the contractor will sign the contract and
provide performance and payment bonds if awarded
Rationale: A bid bond assures the project owner that the contractor will enter into
the contract and furnish required performance and payment bonds. It is not a
warranty or insurance for injuries.
9. Under Virginia mechanic’s lien law, a general contractor must serve a notice of
lien on the property owner within how many days from the last date of furnishing
labor or materials?
A) 30 days
B) 60 days
C) 90 days
D) 180 days
CORRECT ANSWER: C) 90 days
