VA CONTRACTORS: VIRGINIA (CLASS A OR B) EXAM NEWEST 2026 COMPLETE
QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)|GRADED
A+|CURRENT UPDATE RANKED!
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-$400,000
The 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
QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)|GRADED
A+|CURRENT UPDATE RANKED!
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-$400,000
The 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