Virginia hic practice exam 2024

Virginia hic practice exam 2024 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? - CORRECT ANSWER-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? - CORRECT ANSWER-30 days All Class A contractor licensure applications MUST include: - CORRECT ANSWERInformation on the knowledge, skills, abilities of the applicant When a claimant is paid funds from the Contractors Recovery Trust Fund - CORRECT ANSWER-The contractors license is revoked Which of the following is a requirement for a joint venture? - CORRECT ANSWEREither 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 - CORRECT ANSWER-$400,000 according to the board rules and regulations, which if the following could be a qualified individual - CORRECT ANSWER-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 - CORRECT ANSWER-12 months A contract for which of the following types of structures may be subject to recovery from the Transaction Recovery Fund - CORRECT ANSWER-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 - CORRECT ANSWER-30 hours A firm desiring to be licensed as a Class B contractor MUST have a MINIMUM net worth of - CORRECT ANSWER-$15,000