Virginia practice exam questions and answers already passed
Virginia practice exam questions and answers already passed Contractors who are assessed a fee to support the Transaction Recovery Fund MUST pay this fee within a MINIMUM of how many days from when the assessment fee notice was mailed? 45 days An appeal of a final decision of a county on an erosion control plan MUST be filed with a MAXIMUM of how many days? 30 days All Class A contractor licensure applications MUST include: Information on the knowledge, skills, abilities of the applicant When a claimant is paid funds from the Contractors Recovery Trust Fund The contractors license is revoked Which of the following is a requirement for a joint venture? Either the joint venture or each contracting party of joint venture must be licensed Contractors will be assessed a fee for the Transaction Recovery Fund whenever the Fund balance is less than $400,000 according to the board rules and regulations, which if the following could be a qualified individual Any full-time employee A verified claim for the payment from the Transaction Recovery Fund MUST occur within a MAXIMUM of what period of time from the date the claimant was awarded a final judgement 12 months A contract for which of the following types of structures may be subject to recovery from the Transaction Recovery Fund Residential only according to the board rules and regulations, a full-time employee is one who works a MINIMUM of how many hours per week 30 hours A firm desiring to be licensed as a Class B contractor MUST have a MINIMUM net worth of $15,000
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