Page 1 of 122
Georgia (GA) Business & Law for Residential &
General Contractors Practice Exam Questions
& Study Guide Questions & Answers VERIFIED
SOLUTIONS LATEST UPDATE THIS YEAR
Georgia (GA) Business & Law for Residential & General Contractors Practice Exam
Exam Coverage Summary
Based on the official PSI Candidate Information Bulletin and the Georgia State Licensing Board
for Residential and General Contractors, this exam covers the following weighted domains :
Domain Weight
Licensing Requirements 10%
Estimating and Bidding 15%
Business Organization and Financial Management 15%
Tax Laws 10%
Labor Laws 10%
Project Management and Lien Law 15%
Contracts 10%
Risk Management 10%
Environmental and Safety 5%
Exam Details:
• Exam Provider: PSI Services LLC
• Questions: 50 questions
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• Time Limit: 2 hours
• Passing Score: 70%
• Exam Fee: $60
• Reference Material: NASCLA Contractors Guide to Business, Law and Project
Management – Georgia Edition
QUESTIONS 1-50
1. To qualify for a Georgia Residential-Basic Contractor license, an applicant must
demonstrate at least how many years of proven experience?
A) 1 year
B) 2 years
C) 3 years
D) 5 years
Answer: B) Georgia law requires two years of proven experience working as or in the
employment of a residential contractor, predominantly in the residential-basic category, with
significant responsibility for at least two projects within the residential-basic category in the two
years immediately preceding application .
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2. Which entity issues the Georgia State-wide Residential Contractor license?
A) Georgia Municipal Association
B) Georgia Secretary of State
C) Georgia State Licensing Board for Residential and General Contractors
D) Georgia Department of Revenue
Answer: C) The Georgia State Licensing Board for Residential and General Contractors,
operating under the Secretary of State's office, oversees licensing, examinations, and discipline
for contractors in the state .
3. A General Contractor (Unlimited) license in Georgia allows you to perform work on
commercial projects above what dollar amount?
A) Any amount, no limit
B) Up to $250,000
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C) Up to $500,000
D) Up to $1,000,000
Answer: A) A Georgia Unlimited General Contractor license has no monetary limit on project
value. The Residential-Basic license, however, is limited to single-family homes and duplexes,
and other license classes have specific project value caps .
4. How many continuing education (CE) hours are required biennially for a Georgia
Residential Contractor license renewal?
A) 4 hours
B) 6 hours
C) 8 hours
D) 12 hours
Answer: B) Residential licensees must complete 6 hours of continuing education per two-year
renewal cycle .
Georgia (GA) Business & Law for Residential &
General Contractors Practice Exam Questions
& Study Guide Questions & Answers VERIFIED
SOLUTIONS LATEST UPDATE THIS YEAR
Georgia (GA) Business & Law for Residential & General Contractors Practice Exam
Exam Coverage Summary
Based on the official PSI Candidate Information Bulletin and the Georgia State Licensing Board
for Residential and General Contractors, this exam covers the following weighted domains :
Domain Weight
Licensing Requirements 10%
Estimating and Bidding 15%
Business Organization and Financial Management 15%
Tax Laws 10%
Labor Laws 10%
Project Management and Lien Law 15%
Contracts 10%
Risk Management 10%
Environmental and Safety 5%
Exam Details:
• Exam Provider: PSI Services LLC
• Questions: 50 questions
,Page 2 of 122
• Time Limit: 2 hours
• Passing Score: 70%
• Exam Fee: $60
• Reference Material: NASCLA Contractors Guide to Business, Law and Project
Management – Georgia Edition
QUESTIONS 1-50
1. To qualify for a Georgia Residential-Basic Contractor license, an applicant must
demonstrate at least how many years of proven experience?
A) 1 year
B) 2 years
C) 3 years
D) 5 years
Answer: B) Georgia law requires two years of proven experience working as or in the
employment of a residential contractor, predominantly in the residential-basic category, with
significant responsibility for at least two projects within the residential-basic category in the two
years immediately preceding application .
,Page 3 of 122
2. Which entity issues the Georgia State-wide Residential Contractor license?
A) Georgia Municipal Association
B) Georgia Secretary of State
C) Georgia State Licensing Board for Residential and General Contractors
D) Georgia Department of Revenue
Answer: C) The Georgia State Licensing Board for Residential and General Contractors,
operating under the Secretary of State's office, oversees licensing, examinations, and discipline
for contractors in the state .
3. A General Contractor (Unlimited) license in Georgia allows you to perform work on
commercial projects above what dollar amount?
A) Any amount, no limit
B) Up to $250,000
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C) Up to $500,000
D) Up to $1,000,000
Answer: A) A Georgia Unlimited General Contractor license has no monetary limit on project
value. The Residential-Basic license, however, is limited to single-family homes and duplexes,
and other license classes have specific project value caps .
4. How many continuing education (CE) hours are required biennially for a Georgia
Residential Contractor license renewal?
A) 4 hours
B) 6 hours
C) 8 hours
D) 12 hours
Answer: B) Residential licensees must complete 6 hours of continuing education per two-year
renewal cycle .
