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Virginia Class B Contractor EXAM QUESTIONS AND CORRECT VERIFIED SOLUTIONS LATEST UPDATE THIS YEAR – JUST RELEASED.pdf

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Tap on AVAILABLE IN BUNDLE/PACKAGE DEAL to unlock free bonus exams – save more while you get what you need. The Virginia Class B Contractor Exam Questions and Correct Verified Solutions – Latest Updated Edition is a comprehensive and structured study resource designed to help candidates prepare for the Virginia Board for Contractors Class B contractor licensing examination administered through the Virginia Department of Professional and Occupational Regulation (DPOR). Virginia's current Class B examination consists of two portions: a Virginia Section covering Virginia contractor laws and regulations and a General Section covering administrative and business knowledge. This preparation resource covers major Virginia contractor business and regulatory topics, including contractor licensing, classifications, designated employees, qualified individuals, business organization, contracts, estimating, project management, financial responsibility, insurance, bonds, lien laws, safety, employment practices, recordkeeping, advertising, consumer protection, and disciplinary requirements. A major focus is the Class B licensing structure. Current Virginia regulations require a Class B firm to designate an employee who meets the applicable age, employment, examination, and qualification requirements. The firm must also identify a Qualified Individual for each classification or specialty on the license. For Class B, the Qualified Individual generally must have at least three years of experience in the applicable classification or specialty. The material includes exam-style questions and solution explanations designed to reinforce knowledge of Virginia contractor statutes, regulations, business practices, and licensing procedures. Candidates review scenarios involving contractor responsibilities, licensing violations, contract administration, financial requirements, employee qualifications, and regulatory compliance. Particular emphasis is placed on the Designated Employee examination requirement. Virginia's current information explains that Class A and Class B business entities must identify a Designated Employee who is a full-time employee or member of responsible management and who has successfully completed the required examination. The guide also reviews pre-license education. DPOR currently requires new Class A, B, and C contractor license applicants to complete approved pre-license education; the current DPOR materials identify the course as a basic business course covering applicable regulations, statutes, and requirements for business owners. Another important area is financial responsibility. Candidates review financial statements, net worth/equity requirements, surety bonds, and other financial documentation applicable to Class B applicants. Virginia regulations provide financial-verification alternatives, including prescribed financial documentation or a qualifying $50,000 surety bond. The resource further covers Qualified Individual requirements, including experience, employment status, examinations, individual licenses, and certifications applicable to particular classifications and specialties. Certain regulated specialties require additional credentials; for example, electrical, plumbing, HVAC, and specified gas-fitting classifications require the appropriate master tradesman credentials. The study guide also reinforces Virginia contractor law and regulatory compliance, including prohibited conduct, disclosure requirements, disciplinary actions, license changes, responsible-management obligations, and maintaining accurate information with DPOR. Current regulations require disclosure of certain previous contractor licenses and disciplinary actions and impose specified criminal-conviction disclosure requirements. Additional coverage includes contract administration, project estimating, scheduling, change orders, payments, subcontractor management, construction documentation, workplace safety, insurance, workers' compensation, and consumer relations. Questions are designed to help candidates apply business and regulatory principles to realistic contractor situations. For current 2026 preparation, candidates should also be aware that DPOR announced a $7.25 annual technology fee effective July 1, 2026 for certain fees. DPOR also confirms that contractor examinations are administered through PSI, with testing available at multiple locations. The resource should be treated as a study and practice resource rather than an official or leaked Virginia DPOR examination. Third-party claims that a document contains “actual” or “verified” examination questions should not be interpreted as confirmation that the material reproduces the secure licensing examination. Candidates should verify all current requirements against DPOR's official regulations and examination materials. Aligned with current Virginia DPOR Board for Contractors requirements, this study guide supports preparation in Class B licensing, Virginia contractor law, business administration, designated employees, qualified individuals, financial responsibility, contracts, estimating, insurance, bonds, project management, safety, consumer protection, recordkeeping, and regulatory compliance. Ideal for Virginia general contractors, construction companies, remodeling contractors, project managers, construction supervisors, contractor-license applicants, and candidates preparing for the Virginia Class B Contractor examination, this resource provides focused review material, exam-style practice questions, and solution explanations to support effective licensing-exam preparation.

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Virginia Class B Contractor EXAM QUESTIONS AND CORRECT
VERIFIED SOLUTIONS LATEST UPDATE THIS YEAR – JUST
RELEASED
Virginia Class B Contractor Exam


10-Line Exam Coverage in Points Form
1. License Scope & Limitations – Class B contractors may perform contracts valued
at $10,000 to less than $120,000 per project, with annual revenue between $150,000
and $750,000 .
2. Two Required Exams – Class B requires two separate PSI-administered exams:
the Virginia Business and Law Exam (Designated Employee) and a Technical/Trade
Exam (Qualified Individual) .
3. Business and Law Exam Format – 50 multiple-choice questions divided into two
portions: General (50 items, 100 minutes) and Virginia (24 items, 48 minutes) . Passing:
70% overall (35 of 50 correct) .
4. Virginia Portion Content (24 Questions) – Regulation of Contractors (7), Board Rules and
Regulations (5), Building Codes (5), Transaction Recovery Fund (5), Virginia Erosion and
Sediment Control (2) .
5. General Portion Content (50 Questions) – Estimating and Bidding (10), Contract
Management (10), Project Management (7), Financial Management (5), Safety (5),
Federal/State Taxes (4), Labor Laws (3), Risk Management (3), Business Organization (2),
Lien Laws (1) .
6. Designated Employee vs. Qualified Individual – Designated Employee passes Business
and Law Exam and is the licensed individual. Qualified Individual passes Technical/Trade
exam and must have 3 years of experience in the specific trade .
7. Financial Responsibility – Minimum net worth $15,000** (verified by financial
statement) . Alternative: **$50,000 surety bond .
8. Experience Requirement – The Qualified Individual must have minimum three years of
experience in the classification or specialty for which they are the qualifier .
9. Licensing Classifications – Eight classifications available: residential building, commercial
building, highway/heavy, electrical, plumbing, HVAC, fire sprinkler, and specialty .
10. Pre-License Requirement – An 8-hour pre-license course is required for all new Virginia
Contractors. The same person who takes the pre-license course must take the Class A/B
exams .

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100 MCQ Questions with Rationales


1. According to Virginia Code § 54.1-1108, what is the maximum contract value for a Class B

contractor license?


A) $10,000

B) $50,000

C) $120,000

D) $150,000


Correct Answer: C

Rationale: A Class B contractor may perform or manage construction when the total value

referred to in a single contract or project is $10,000 or more, but less than $120,000. This is a

fundamental distinction between Class B and Class A licenses .


2. What is the minimum annual gross revenue threshold for a Class B contractor license?


A) $100,000

B) $150,000

C) $200,000

D) $250,000


Correct Answer: B

Rationale: Class B contractors perform work when the total value of all construction undertaken

within any twelve-month period is $150,000 or more, but less than $750,000 .

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3. What is the maximum annual gross revenue for a Class B contractor license?


A) $500,000

B) $600,000

C) $750,000

D) $1,000,000


Correct Answer: C

Rationale: Class B contractors are limited to less than $750,000 in annual gross revenue. Once

annual revenue reaches $750,000, the contractor must upgrade to a Class A license .


4. What is the minimum net worth requirement for a Class B contractor license?


A) $5,000

B) $10,000

C) $15,000

D) $25,000


Correct Answer: C

Rationale: As proof of financial responsibility, Class B applicants must demonstrate a minimum

net worth of $15,000 as fixed by Board regulation .


5. What is the alternative to the net worth requirement for a Class B contractor?


A) $25,000 cash deposit

B) $50,000 surety bond

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C) $75,000 letter of credit

D) $100,000 property deed


Correct Answer: B

Rationale: In lieu of the $15,000 net worth requirement, an applicant may demonstrate financial

responsibility by obtaining and maintaining a bond in the amount of $50,000 from a corporate

surety licensed to do business in Virginia .


6. How many years of experience are required for the Qualified Individual for a Class B

license?


A) 1 year

B) 2 years

C) 3 years

D) 5 years


Correct Answer: C

Rationale: The Qualified Individual named by a Class B firm must have a minimum of three years

of experience in the classification or specialty for which they are the qualifier .


7. Which Virginia Code section governs the application for a Class B contractor license?


A) § 54.1-1000

B) § 54.1-1108

C) § 54.1-1200

D) § 54.1-1300

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