VA Contractors: Virginia (Class A or B) Questions and Answers 2024 with complete solution

All Class A contractor licensure applications MUST include... - Answer-Information on the knowledge, skills, and abilities of the applicant 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 Payments made by the Transaction Recovery Fund to claimants may include an amount for... - AnswerAttorney's fees A licensee's name change MUST be reported to the Board within a MAXIMUM of how many days? - Answer-30 days An appeal of a final decision of a county on an erosion control plan MUST be filed within a MAXIMUM of how many days? - Answer-30 days How much is the Class A initial license fee? - Answer-$200 When a claimant is paid funds from the Contractors Recovery Trust Fund... - Answer-The contractor's license is revoked A firm desiring to be licensed as a Class B contractor MUST have a MINIMUM net worth of... - Answer- $15,000 A contract for which of the following types of structures may be subject to recovery from the Transaction Recovery Fund? - Answer-Residential only Contractors will be assessed a fee for the Transaction Recovery Fund whenever the fund balance is less than... - Answer-$400,000The application for licensure MUST include... - Answer-The business address of the proposed designated employee Additions to buildings MUST comply with - Answer-The current code for new construction Who is to be in charge of a local building department? - Answer-Building official What is the PRIMARY purpose of licensing? - Answer-Protect the health and welfare of the public When MUST the work be stopped following the issuance of a stop work order? - Answer-Immediately 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 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 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 Temporary erosion and sediment control measures MUST be removed within a MAXIMUM of how many days after the final site stabilization? - Answer-30 days 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 According to the Board Rules and Regulations, which of the following could be a qualified individual? - Answer-Any full-time employeeA 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 days A verified claim for a 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? - Answer-12 months