Naslca Virginia Exam Practice Questions & Answers(RATED A+)

What is the MAXIMUM penalty for a contractor who undertakes work without the proper class of license? -ANSWER $500 fine per day for each day of violation plus penalties for a misdemeanor. All Class A contractor licensure applications MUST include -ANSWER information on the knowledge, skills, and abilities of the applicant. What is the PRIMARY purpose of licensing? -ANSWER Protect the health and welfare of the public. When a claimant is paid funds from the Contractors Recovery Trust Fund -ANSWER the contractor's license is revoked. !!! The application for licensure MUST include -ANSWER the business address of the proposed designated employee. 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. All of the following must be licensed EXCEPT -ANSWER a material supplier who advises a contractor. How much is the Class A initial license fee? -ANSWER $200 A licensee's name change MUST be reported to the Board within a MAXIMUM of how many days? -ANSWER 30 days 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. A firm desiring to be licensed as a Class B contractor MUST have a MINIMUM net worth of -ANSWER $15,000. According to the Board Rules and Regulations, which of the following could be a qualified individual? -ANSWER Any full-time employee. An appeal of the local building official's decision to refuse to grant a modification to the USBC MUST be made to the local building board within a MAXIMUM of how many days? -ANSWER 90 days. A building official MUST issue a certificate of occupancy for a building that meets all the requirements for a certificate within a MAXIMUM of how many working days after the certificate was requested? -ANSWER 5 Additions to buildings MUST comply with -ANSWER the current code for new construction. When MUST the work be stopped following the issuance of a stop work order? -ANSWER Immediately Who is to be in charge of a local building department? -ANSWER Building official. 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? -ANSWER 45 days Contractors will be assessed a fee for the Transaction Recovery Fund whenever the fund balance is less than -ANSWER $400,000. Payments made by the Transaction Recovery Fund to claimants may include an amount for -ANSWER attorneys' fees.