VIRGINIA CLASS A CONTRACTOR EXAM STUDY
GUIDE ACTUAL PRACTICE QUESTIONS &
RATIONALES [UPDATED]
This comprehensive question practice exam bundle delivers verified
questions, italicized answers, and detailed bold-italicized rationales for the
Virginia Class A General Contractor licensing test. Covering critical testing
pillars like DPOR regulations, project estimating math, contract law, and
OSHA site safety, it mirrors the exact structure of the official open-book
exam. It is the ultimate high-yield study blueprint engineered to help
aspiring builders pass their business and law examinations on the very first
attempt.
Part 1: Virginia Contractor Regulations &
Licensing Law (Questions 1-15)
1. According to the Virginia Board for Contractors,
what is the threshold for a single project to
require a Class A license?
A) $10,000
B) $30,000
C) $120,000
D) $150,000
Answer: D
Rationale: Virginia DPOR regulations state
that a Class A license is mandatory when a
single contract or project is valued at
$150,000 or more, or when total 12-month
revenue hits or exceeds $1,000,000.
,2. What is the maximum monetary limit of a single
contract allowed under a Class B license?
A) $29,999
B) $119,999
C) $499,999
D) Unlimited
Answer: B
Rationale: Class B licenses restrict
contractors to projects that are strictly under
$120,000 per individual contract, with a cap
on total annual revenue under $750,000.
3. If a licensed contractor changes their business
name or registered trade address, they must
notify DPOR within how many days?
A) 10 days
B) 15 days
C) 30 days
D) 45 days
Answer: C
Rationale: Compliance guidelines mandate
that the Board for Contractors must receive
written notification of any address or name
changes within 30 days of the modification.
4. An applicant for a Class A license must
demonstrate a minimum net worth of how
, much?
A) $15,000
B) $25,000
C) $45,000
D) $100,000
Answer: C
Rationale: Class A requirements demand
proof of financial liquidity/net worth of at
least $45,000, which can alternatively be
substituted by securing a $50,000 surety
bond.
5. What is the maximum statutory assessment a
claimant can recover from the Virginia
Contractor Transaction Recovery Fund for a
single claimant?
A) $10,000
B) $20,000
C) $40,000
D) $100,000
Answer: B
Rationale: The maximum single payout from
the recovery fund to any individual claimant
aggrieved by a licensed contractor's
misconduct is capped at $20,000.
, 6. What is the overall lifetime payout limit from the
Contractor Transaction Recovery Fund on
behalf of any single licensed contractor?
A) $20,000
B) $40,000
C) $50,000
D) $100,000
Answer: C
Rationale: Payouts from the fund are capped
at a lifetime ceiling of $50,000 per individual
contractor. If claims exceed this, the $50,000
is prorated among claimants.
7. After a final judgment has been awarded by a
court, a claimant must file their claim with the
Transaction Recovery Fund within what
timeframe?
A) 3 months
B) 6 months
C) 12 months
D) 24 months
Answer: C
Rationale: The statutory period to file a
formal claim with the recovery fund expires
exactly 12 months from the date the final,
non-appealable court judgment was ordered.
GUIDE ACTUAL PRACTICE QUESTIONS &
RATIONALES [UPDATED]
This comprehensive question practice exam bundle delivers verified
questions, italicized answers, and detailed bold-italicized rationales for the
Virginia Class A General Contractor licensing test. Covering critical testing
pillars like DPOR regulations, project estimating math, contract law, and
OSHA site safety, it mirrors the exact structure of the official open-book
exam. It is the ultimate high-yield study blueprint engineered to help
aspiring builders pass their business and law examinations on the very first
attempt.
Part 1: Virginia Contractor Regulations &
Licensing Law (Questions 1-15)
1. According to the Virginia Board for Contractors,
what is the threshold for a single project to
require a Class A license?
A) $10,000
B) $30,000
C) $120,000
D) $150,000
Answer: D
Rationale: Virginia DPOR regulations state
that a Class A license is mandatory when a
single contract or project is valued at
$150,000 or more, or when total 12-month
revenue hits or exceeds $1,000,000.
,2. What is the maximum monetary limit of a single
contract allowed under a Class B license?
A) $29,999
B) $119,999
C) $499,999
D) Unlimited
Answer: B
Rationale: Class B licenses restrict
contractors to projects that are strictly under
$120,000 per individual contract, with a cap
on total annual revenue under $750,000.
3. If a licensed contractor changes their business
name or registered trade address, they must
notify DPOR within how many days?
A) 10 days
B) 15 days
C) 30 days
D) 45 days
Answer: C
Rationale: Compliance guidelines mandate
that the Board for Contractors must receive
written notification of any address or name
changes within 30 days of the modification.
4. An applicant for a Class A license must
demonstrate a minimum net worth of how
, much?
A) $15,000
B) $25,000
C) $45,000
D) $100,000
Answer: C
Rationale: Class A requirements demand
proof of financial liquidity/net worth of at
least $45,000, which can alternatively be
substituted by securing a $50,000 surety
bond.
5. What is the maximum statutory assessment a
claimant can recover from the Virginia
Contractor Transaction Recovery Fund for a
single claimant?
A) $10,000
B) $20,000
C) $40,000
D) $100,000
Answer: B
Rationale: The maximum single payout from
the recovery fund to any individual claimant
aggrieved by a licensed contractor's
misconduct is capped at $20,000.
, 6. What is the overall lifetime payout limit from the
Contractor Transaction Recovery Fund on
behalf of any single licensed contractor?
A) $20,000
B) $40,000
C) $50,000
D) $100,000
Answer: C
Rationale: Payouts from the fund are capped
at a lifetime ceiling of $50,000 per individual
contractor. If claims exceed this, the $50,000
is prorated among claimants.
7. After a final judgment has been awarded by a
court, a claimant must file their claim with the
Transaction Recovery Fund within what
timeframe?
A) 3 months
B) 6 months
C) 12 months
D) 24 months
Answer: C
Rationale: The statutory period to file a
formal claim with the recovery fund expires
exactly 12 months from the date the final,
non-appealable court judgment was ordered.
