Naslca Virginia Exam Practice 100%
Correct!!
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 - ANSWERinformation on
the knowledge, skills, and abilities of the applicant.
What is the PRIMARY purpose of licensing? - ANSWERProtect the health and
welfare of the public.
When a claimant is paid funds from the Contractors Recovery Trust Fund -
ANSWERthe contractor's license is revoked. !!!
The application for licensure MUST include - ANSWERthe business address of the
proposed designated employee.
Which of the following is a requirement for a joint venture? - ANSWEREither the joint
venture or each contracting party of the joint venture must be licensed.
All of the following must be licensed EXCEPT - ANSWERa 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? - ANSWER30 days
According to the Board Rules and Regulations, a full-time employee is one who
works a MINIMUM of how many hours per week? - ANSWER30 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? - ANSWERAny 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? - ANSWER90 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? - ANSWER5
, Additions to buildings MUST comply with - ANSWERthe current code for new
construction.
When MUST the work be stopped following the issuance of a stop work order? -
ANSWERImmediately
Who is to be in charge of a local building department? - ANSWERBuilding 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? - ANSWER45 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 - ANSWERattorneys' fees.
A contract for which of the following types of structures may be subject to recovery
from the Transaction Recovery Fund? - ANSWERResidential only.
A verified claim for 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
judgment? - ANSWER12 months.
An appeal of a final decision of a county on an erosion control plan MUST be filed
within a MAXIMUM of how many days? - ANSWER30 days.
Temporary erosion and sediment control measures MUST be removed within a
MAXIMUM of how many days after the final site stabilization? - ANSWER30 days.
Which of the following statements about a sole proprietorship is TRUE? -
ANSWERThe business, or any part of it, can be sold, altered, or exchanged at will.
What type of business organization allows people to share financial resources? -
ANSWERPartnership.
Which of the following estimating methods is typically used by the architect rather
than the contractor? - ANSWERConceptual estimate.
Equipment needs for a project are BEST estimated by - ANSWERcalculating the
number of hours or days it is needed.
What should be added to wage rates to ensure accuracy in estimating labor for a
project? - ANSWERLabor burden.
A reason for using a lower than usual profit markup for a specific project could be to -
ANSWERcover company overhead costs.
Correct!!
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 - ANSWERinformation on
the knowledge, skills, and abilities of the applicant.
What is the PRIMARY purpose of licensing? - ANSWERProtect the health and
welfare of the public.
When a claimant is paid funds from the Contractors Recovery Trust Fund -
ANSWERthe contractor's license is revoked. !!!
The application for licensure MUST include - ANSWERthe business address of the
proposed designated employee.
Which of the following is a requirement for a joint venture? - ANSWEREither the joint
venture or each contracting party of the joint venture must be licensed.
All of the following must be licensed EXCEPT - ANSWERa 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? - ANSWER30 days
According to the Board Rules and Regulations, a full-time employee is one who
works a MINIMUM of how many hours per week? - ANSWER30 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? - ANSWERAny 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? - ANSWER90 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? - ANSWER5
, Additions to buildings MUST comply with - ANSWERthe current code for new
construction.
When MUST the work be stopped following the issuance of a stop work order? -
ANSWERImmediately
Who is to be in charge of a local building department? - ANSWERBuilding 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? - ANSWER45 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 - ANSWERattorneys' fees.
A contract for which of the following types of structures may be subject to recovery
from the Transaction Recovery Fund? - ANSWERResidential only.
A verified claim for 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
judgment? - ANSWER12 months.
An appeal of a final decision of a county on an erosion control plan MUST be filed
within a MAXIMUM of how many days? - ANSWER30 days.
Temporary erosion and sediment control measures MUST be removed within a
MAXIMUM of how many days after the final site stabilization? - ANSWER30 days.
Which of the following statements about a sole proprietorship is TRUE? -
ANSWERThe business, or any part of it, can be sold, altered, or exchanged at will.
What type of business organization allows people to share financial resources? -
ANSWERPartnership.
Which of the following estimating methods is typically used by the architect rather
than the contractor? - ANSWERConceptual estimate.
Equipment needs for a project are BEST estimated by - ANSWERcalculating the
number of hours or days it is needed.
What should be added to wage rates to ensure accuracy in estimating labor for a
project? - ANSWERLabor burden.
A reason for using a lower than usual profit markup for a specific project could be to -
ANSWERcover company overhead costs.
