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Exam (elaborations)

VA Contractor Licensing Exam – Practice Questions and Verified Answers, Comprehensive Study Guide, Latest Version (Exam Preparation Material)

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This document provides a comprehensive set of practice questions with verified answers for the VA Contractor Licensing Exam, covering key topics such as licensing requirements, contract regulations, building codes, financial calculations, and compliance standards. It includes structured Q&A designed to reinforce knowledge of contractor laws, business practices, and regulatory procedures. The material also addresses essential areas like recovery fund rules, permit processes, accounting principles, and tax obligations, making it a complete and practical resource for exam preparation and contractor certification.

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VA CONTRACTOR PRACTICE QUESTIONS AND ANSWERS
LATEST VERSION WITH VERIFIED ANSWERS GUARANTEED
PASS
A contractor does not notify a change of address and so does not receive a timely Notice of
Renewal. Who is responsible for when the contractor does not renew his license on time?

The Licensee Contractor




A Designated Employee should be?

At least 18, Full Time, Passed Required Exams




What is the initial Recovery Fund fee?

$25.00




If a contractor ears more that $ per year, then the contractor is required to have a
Class A.

$750,000.00




If a contract awards more than $ per payment, the contractor is required to have a
Class A.

$120,000.00

, An Erosion control conservation plan needs to be approved within days.

45




Where do you go to file an appeal of a violation to the USBC provisions?

To The BBCA




A contractor is required to submit a renewal within days of the expiration date?

30




Who can file a complaint against a contractor?

any one




What is required when changing the from of entity from a sole proprietorship to a corporation

A new license




What is the maximum fund allowed for a single contractor?

$40,000.00

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