VA CONTRACTORS LICENSE
COMPREHENSIVE EXAM PREP QUESTIONS
AND SOLUTIONS VERIFIED STUDY
RESOURCE
●● What is the PRIMARY purpose of licensing?
Answer: Protect the health and welfare of the public.
●● The application for licensure MUST include
Answer: the business address of the proposed designated employee.
●● All of the following must be licensed EXCEPT
Answer: a material supplier who advises a contractor.
●● When a claimant is paid funds from the Contractors Recovery Trust
Fund
Answer: the contractor's license is revoked.
●● All Class A contractor licensure applications MUST include
Answer: information on the knowledge, skills, and abilities of the
applicant.
, ●● Which of the following is a requirement for a joint venture?
Answer: Either the joint venture or each contracting party of the joint
venture must be licensed
●● How much is the Class A initial license fee not including the
Recovery Fund fee?
Answer: $360
●● According to the Board Rules and Regulations, a full-time employee
is one who works a MINIMUM of how many hours per week?
Answer: 30 hours.
●● According to the Board Rules and Regulations, which of the
following could be a qualified individual?
Answer: Any full-time employee
●● A firm desiring to be licensed as a Class B contractor MUST have a
MINIMUM net worth of
Answer: $15,000
●● A licensee's name change MUST be reported to the Board within a
MAXIMUM of how many days?
Answer: 30 days.
COMPREHENSIVE EXAM PREP QUESTIONS
AND SOLUTIONS VERIFIED STUDY
RESOURCE
●● What is the PRIMARY purpose of licensing?
Answer: Protect the health and welfare of the public.
●● The application for licensure MUST include
Answer: the business address of the proposed designated employee.
●● All of the following must be licensed EXCEPT
Answer: a material supplier who advises a contractor.
●● When a claimant is paid funds from the Contractors Recovery Trust
Fund
Answer: the contractor's license is revoked.
●● All Class A contractor licensure applications MUST include
Answer: information on the knowledge, skills, and abilities of the
applicant.
, ●● Which of the following is a requirement for a joint venture?
Answer: Either the joint venture or each contracting party of the joint
venture must be licensed
●● How much is the Class A initial license fee not including the
Recovery Fund fee?
Answer: $360
●● According to the Board Rules and Regulations, a full-time employee
is one who works a MINIMUM of how many hours per week?
Answer: 30 hours.
●● According to the Board Rules and Regulations, which of the
following could be a qualified individual?
Answer: Any full-time employee
●● A firm desiring to be licensed as a Class B contractor MUST have a
MINIMUM net worth of
Answer: $15,000
●● A licensee's name change MUST be reported to the Board within a
MAXIMUM of how many days?
Answer: 30 days.
