VA Contractors License Study Guide
Questions Correctly Solved
Disturbed land areas of less than _____ square feet in size may not be an issue of
erosion and sediment control.
A) 20,000
B) 45,000
C) 10,000
D) 1,500 - ✅✅ 10,000
Which of the following is permitted to receive awards from the Fund?
A) Financial or lending institution involved in real estate
B) Employee of debtor
C) Property owner
D) Child of debtor - ✅✅ property owner
The board can refuse to renew a license when the principal owner is a former
owner or officer of a firm that
A) Ceased operation within the previous 12 months
B) Had its contractor license revoked.
C) Had an out-state address.
D) Did not employ a tradesmen. - ✅✅ had its contractor license revoked
What is the maximum amount a single contractor's Transaction Recovery Fund
claim against a licensee can be?
A) $20,000
B) $400,000
C) $40,000
D) $120,000 - ✅✅ $40,000
What is the maximum amount that can be paid out on behalf of a single contractor?
A) $120,000
B) $40,000
C) $10,000
D) $20,000 - ✅✅ $40,000
, A license was issued on 10/15/2003. The expiration date is _________.
A) 10/15/2005
B) 10/31/2004
C) 10/31/2005
D) 11/01/2004 - ✅✅ 10/31/2005
A contractor does not notify a change of address and so does not receive a timely
Notice of Renewal. Who is responsible when the contractor does not renew his
license on time?
A) USBC
B) OSHA
C) The licensee Contractor
D) DPOR - ✅✅ The licensee Contractor
A designated employee should be?
A) Any full time worker
B) At least 18 years old, full time employee, has passed required examination
C) At least 18 years old and 5 years experienced for Class A
D) The owner - ✅✅ at least 18 years old, full time employee, has passed
required examination
What is the initial recovery fund fee?
A) $200
B) $50
C) $0
D) $25 - ✅✅ $ 25
If a contractor earns more than $__________ per year, then the contractor requires
a Class A license
A) $120,000
B) $7,500
C) $750,000
D) $150,000 - ✅✅ $750,000
If a contract awards more than $________ per payment, the contractor requires a
Class A license
A) $120,000
B) $7,500
C) $750,000
Questions Correctly Solved
Disturbed land areas of less than _____ square feet in size may not be an issue of
erosion and sediment control.
A) 20,000
B) 45,000
C) 10,000
D) 1,500 - ✅✅ 10,000
Which of the following is permitted to receive awards from the Fund?
A) Financial or lending institution involved in real estate
B) Employee of debtor
C) Property owner
D) Child of debtor - ✅✅ property owner
The board can refuse to renew a license when the principal owner is a former
owner or officer of a firm that
A) Ceased operation within the previous 12 months
B) Had its contractor license revoked.
C) Had an out-state address.
D) Did not employ a tradesmen. - ✅✅ had its contractor license revoked
What is the maximum amount a single contractor's Transaction Recovery Fund
claim against a licensee can be?
A) $20,000
B) $400,000
C) $40,000
D) $120,000 - ✅✅ $40,000
What is the maximum amount that can be paid out on behalf of a single contractor?
A) $120,000
B) $40,000
C) $10,000
D) $20,000 - ✅✅ $40,000
, A license was issued on 10/15/2003. The expiration date is _________.
A) 10/15/2005
B) 10/31/2004
C) 10/31/2005
D) 11/01/2004 - ✅✅ 10/31/2005
A contractor does not notify a change of address and so does not receive a timely
Notice of Renewal. Who is responsible when the contractor does not renew his
license on time?
A) USBC
B) OSHA
C) The licensee Contractor
D) DPOR - ✅✅ The licensee Contractor
A designated employee should be?
A) Any full time worker
B) At least 18 years old, full time employee, has passed required examination
C) At least 18 years old and 5 years experienced for Class A
D) The owner - ✅✅ at least 18 years old, full time employee, has passed
required examination
What is the initial recovery fund fee?
A) $200
B) $50
C) $0
D) $25 - ✅✅ $ 25
If a contractor earns more than $__________ per year, then the contractor requires
a Class A license
A) $120,000
B) $7,500
C) $750,000
D) $150,000 - ✅✅ $750,000
If a contract awards more than $________ per payment, the contractor requires a
Class A license
A) $120,000
B) $7,500
C) $750,000
