Virginia Class A Contractor Exam (Pdf) |
Practice Questions Plus Rationales | 400
Qs And Correct Answer
Question 1
A firm is applying for a Class A contractor license. What is the minimum net worth
or equity required, excluding property owned as tenants by the entirety?
A. $15,000
B. $30,000
C. $45,000
D. $100,000
Correct Answer: C
Explanation: Class A applicants must verify a net worth or equity of $45,000 with
supporting documentation .
Question 2
In lieu of demonstrating $45,000 net worth, what alternative may a Class A
applicant provide?
,A. A letter of credit
B. A $50,000 surety bond on the board's form
C. Additional years of experience
D. A CPA audit is always required
Correct Answer: B
Explanation: Applicants may obtain a $50,000 surety bond on the board's bond
form in lieu of the net worth requirement .
Question 3
Who must complete a board-approved basic business course for a Class A license
application?
A. All employees of the firm
B. The designated employee or a member of responsible management
C. Only the qualified individual
D. The company's CPA
Correct Answer: B
Explanation: The designated employee or a member of responsible management
must successfully complete a board-approved basic business course .
Question 4
A Class A applicant must disclose misdemeanor convictions occurring within what
timeframe of application?
A. One year
B. Two years
C. Three years
D. Five years
,Correct Answer: C
Explanation: Applicants must disclose all non-marijuana misdemeanor convictions
within three years of the application date .
Question 5
What is the minimum experience requirement for a qualified individual seeking a
Class A license?
A. Two years
B. Three years
C. Five years
D. Ten years
Correct Answer: C
Explanation: The qualified individual must have a minimum of five years of
experience in the classification or specialty .
Question 6
A contractor applies for a building permit. What must be furnished to the building
official before permit issuance?
A. A copy of the contractor's tax return
B. Proof of licensure or a written statement of exemption
C. A performance bond
D. The homeowner's written authorization only
Correct Answer: B
Explanation: Applicants must furnish satisfactory proof of licensure or file a
written statement that they are not subject to licensure .
, Question 7
What is the penalty classification for a building official who issues a permit
without verifying contractor licensure?
A. Class 1 misdemeanor
B. Class 2 misdemeanor
C. Class 3 misdemeanor
D. Class 4 misdemeanor
Correct Answer: C
Explanation: Building officials violating permit issuance requirements are guilty of
a Class 3 misdemeanor .
Question 8
A contractor seeks to renew a business license in a locality. What must be
furnished to the locality?
A. Only a business tax payment
B. Proof of contractor licensure or an affidavit of exemption
C. A new examination score
D. The contractor's insurance policy
Correct Answer: B
Explanation: Contractors must furnish proof of licensure or a supported affidavit
that they are not subject to licensure .
Question 9
When must a Class A contractor report a change in the designated employee to
the Board?
Practice Questions Plus Rationales | 400
Qs And Correct Answer
Question 1
A firm is applying for a Class A contractor license. What is the minimum net worth
or equity required, excluding property owned as tenants by the entirety?
A. $15,000
B. $30,000
C. $45,000
D. $100,000
Correct Answer: C
Explanation: Class A applicants must verify a net worth or equity of $45,000 with
supporting documentation .
Question 2
In lieu of demonstrating $45,000 net worth, what alternative may a Class A
applicant provide?
,A. A letter of credit
B. A $50,000 surety bond on the board's form
C. Additional years of experience
D. A CPA audit is always required
Correct Answer: B
Explanation: Applicants may obtain a $50,000 surety bond on the board's bond
form in lieu of the net worth requirement .
Question 3
Who must complete a board-approved basic business course for a Class A license
application?
A. All employees of the firm
B. The designated employee or a member of responsible management
C. Only the qualified individual
D. The company's CPA
Correct Answer: B
Explanation: The designated employee or a member of responsible management
must successfully complete a board-approved basic business course .
Question 4
A Class A applicant must disclose misdemeanor convictions occurring within what
timeframe of application?
A. One year
B. Two years
C. Three years
D. Five years
,Correct Answer: C
Explanation: Applicants must disclose all non-marijuana misdemeanor convictions
within three years of the application date .
Question 5
What is the minimum experience requirement for a qualified individual seeking a
Class A license?
A. Two years
B. Three years
C. Five years
D. Ten years
Correct Answer: C
Explanation: The qualified individual must have a minimum of five years of
experience in the classification or specialty .
Question 6
A contractor applies for a building permit. What must be furnished to the building
official before permit issuance?
A. A copy of the contractor's tax return
B. Proof of licensure or a written statement of exemption
C. A performance bond
D. The homeowner's written authorization only
Correct Answer: B
Explanation: Applicants must furnish satisfactory proof of licensure or file a
written statement that they are not subject to licensure .
, Question 7
What is the penalty classification for a building official who issues a permit
without verifying contractor licensure?
A. Class 1 misdemeanor
B. Class 2 misdemeanor
C. Class 3 misdemeanor
D. Class 4 misdemeanor
Correct Answer: C
Explanation: Building officials violating permit issuance requirements are guilty of
a Class 3 misdemeanor .
Question 8
A contractor seeks to renew a business license in a locality. What must be
furnished to the locality?
A. Only a business tax payment
B. Proof of contractor licensure or an affidavit of exemption
C. A new examination score
D. The contractor's insurance policy
Correct Answer: B
Explanation: Contractors must furnish proof of licensure or a supported affidavit
that they are not subject to licensure .
Question 9
When must a Class A contractor report a change in the designated employee to
the Board?
