LAW AND BUSINESS TEST STUDY GUIDE
2026 | COMPLETE EXAM PREP & PRACTICE
QUESTIONS
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Updated 2026 Questions and Answers
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,What charge is it to contract without a license?
Misdemeanor, meaning potential jail time, fines and administrative fines
Are there educational requirements to obtain a contractors license?
No
Can technical training and apprenticeship training substitute the required training required
for the 4 years needed.
Yes. As long as the applicant has a minimum of 1 year of practical experience.
Are all applicants required to submit to a background check?
Yes
What are the total fees I must pay to obtain a contractor license?
$480.00. The non-refundable processing fee of $300 and the two year initial license fee of
$180. Current fees are printed on the application forms and notices.
How often do I have to renew my license?
every two years
Will I receive notice before my active license expires?
Yes. 60 days, but remember it is your responsibility to know and renew without being
reminded.
What is the active license renewal fee?
$360. You are required to renew every two years.
, Is there a fee for renewing an active license
$180.
Inactive licenses must be renewed how often?
Every four years
What is the minimum operating capital that you must have to qualify to be a contractor?
$2500
If you are changing the business name or address, or changing the personnel or business
type, how long do you have to notify the state of those changes?
90 days
If you change owners or the business entity, changing the license structure, can you renew
your license at the end of the year or do you need to apply for a new one.
Apply for a new one.
Can your old license be renewed?
Yes. If your license has been expired between 3 to 5 years.
Another name for the qualifier.
The test-taker. Or the person whom the license is going to be issued.