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Exam (elaborations)

VA Advanced Class A Contractor Exam – Higher Education and Professional Curriculum

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VA Advanced Class A Contractor Exam – Higher Education and Professional Curriculum

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VA Advanced Class A Contractor
Exam – Higher Education and
Professional Curriculum
SECTION 1: LICENSING, BOARD REGULATIONS & CLASSIFICATIONS (Questions 1–
15)


Question 1
A contractor is applying for a Virginia Class A license. What is the minimum net
worth requirement that must be demonstrated on a CPA-prepared balance
sheet?
A) $15,000
B) $25,000
C) $45,000
D) $75,000

Correct Answer: C) $45,000

Rationale: Virginia Administrative Code 18VAC50-22-120 requires Class A
applicants to submit a CPA-prepared balance sheet showing a minimum net
worth of $45,000. Class B requires $15,000, making options A and B incorrect for
Class A. Option D exceeds the requirement.


Question 2
The Virginia Board for Contractors is part of which state agency?
A) Virginia Department of Transportation (VDOT)
B) Virginia Department of Professional and Occupational Regulation (DPOR)
C) Virginia Department of Housing and Community Development (DHCD)
D) Virginia State Corporation Commission (SCC)

Correct Answer: B) Virginia Department of Professional and Occupational
Regulation (DPOR)

, Rationale: The Virginia Advanced (Class A) Contractor Exam is administered
by the Virginia Department of Professional and Occupational Regulation (DPOR)
Board of Contractors. VDOT handles transportation, DHCD handles housing, and
SCC handles business entities—none of which regulate contractor licensing.


Question 3
How long is a Virginia Class A contractor license valid before it must be renewed?
A) One year
B) Two years
C) Three years
D) Five years

Correct Answer: B) Two years

Rationale: Virginia contractor licenses are valid for two years (biennial) and
expire on the last day of the month of issuance. Renewal is required every two
years, making option B correct.


Question 4
A Class A contractor changes their business address. Within how many days must
they report this change to the Board?
A) 10 days
B) 15 days
C) 30 days
D) 60 days

Correct Answer: C) 30 days

Rationale: The Virginia Board requires contractors to report a name or
address change within 30 days. Failure to do so may result in not receiving
renewal notices and potential disciplinary action.

,Question 5
What is the primary purpose of contractor licensing in Virginia?
A) To generate revenue for the state
B) To protect the health, safety, and welfare of the public
C) To limit competition among contractors
D) To ensure contractors pay all taxes

Correct Answer: B) To protect the health, safety, and welfare of the public

Rationale: The primary purpose of contractor licensing is to protect the health
and welfare of the public. While licensing does generate revenue and ensure tax
compliance, these are secondary effects rather than the primary regulatory
purpose.


Question 6
A contractor fails to renew their license before the expiration date. What is the
grace period for late renewal without re-examination?
A) 30 days
B) 60 days
C) 90 days
D) No grace period

Correct Answer: D) No grace period

Rationale: Virginia contractor licenses expire on the last day of the birth
month with no grace period. After expiration, the contractor must cease work and
apply for reinstatement within one year with late fees and continuing education,
or reapply after one year.


Question 7
What is the maximum bond amount required for a Virginia Class A contractor's
license?
A) $10,000
B) $15,000

, C) $20,000
D) $50,000

Correct Answer: C) $20,000

Rationale: Virginia Administrative Code 18VAC50-22-40 requires a $20,000
surety bond or letter of credit for Class A contractors. This amount is specific to
Class A licensing and should not be confused with bond requirements for specific
projects.


Question 8
Which of the following is NOT a required component of the Virginia Class A
contractor examination?
A) Virginia section
B) General section
C) Advanced section
D) Trade skills demonstration section

Correct Answer: D) Trade skills demonstration section

Rationale: The Class A licensure examination consists of the Virginia section,
General section, and Advanced section. There is no hands-on trade skills
demonstration component; the exam is a written, open-book, multiple-choice
format.


Question 9
What is the minimum age requirement for obtaining a Virginia Class A contractor
license?
A) 16 years old
B) 18 years old
C) 21 years old
D) 25 years old

Correct Answer: B) 18 years old

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