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Business Exam questions and verified correct answers 2025

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A designated employee should be? - correct answer At least 18 yrs old, full time employee, has passed required examination What is the initial Recovery Fund Fee? - correct answer $25 A contractor does not notify a change of address and os does not receive a timely Notice of Renewal. Who is responsible when the contractor does not renew his license on time? - correct answer The licensed Contractor If a contractor earns more than $ per yr, then the contractor requires a Class A license. - correct answer $750,000 If a contract awards more than $ per project, the contractor requires a Class A license. - correct answer $120,000 An erosion control conservation plan needs to be approved within ----- days. - correct answer 60 days Where do you go to file an appeal of a violation to the USBC provision? - correct answer To the LBBCA A contractor is required to submit a renewal within ---- days of the expiration date? - correct answer 30 days Who can file a complaint against a contractor(Under the Recovery Fund)? - correct answer Owner What is required when changing the form of entity from a sole proprietorship to corporation? - correct answer A New License What is the maximum fund allowed for a single contractor(per biennium)? - correct answer $40,000

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Business Exam
A designated employee should be? - ✔✔ correct answer At least 18 yrs old, full time employee, has
passed required examination



What is the initial Recovery Fund Fee? - ✔✔ correct answer $25



A contractor does not notify a change of address and os does not receive a timely Notice of Renewal.
Who is responsible when the contractor does not renew his license on time? - ✔✔ correct answer
The licensed Contractor



If a contractor earns more than $ per yr, then the contractor requires a Class A license. - ✔✔ correct
answer $750,000



If a contract awards more than $ per project, the contractor requires a Class A license. - ✔✔ correct
answer $120,000



An erosion control conservation plan needs to be approved within ----- days. - ✔✔ correct answer 60
days



Where do you go to file an appeal of a violation to the USBC provision? - ✔✔ correct answer To the
LBBCA



A contractor is required to submit a renewal within ---- days of the expiration date? - ✔✔ correct
answer 30 days



Who can file a complaint against a contractor(Under the Recovery Fund)? - ✔✔ correct answer
Owner



What is required when changing the form of entity from a sole proprietorship to corporation? - ✔✔
correct answer A New License



What is the maximum fund allowed for a single contractor(per biennium)? - ✔✔ correct answer
$40,000



Within how many days should be submitted an appeal for construction? - ✔✔ correct answer 30
days

,Business Exam

An appeal if the local building official's decision to refuse to grant a modification to the USBC MUST
be made to he local BBCA within a MAX of how many days? - ✔✔ correct answer 30 days



Documents related to a contract should be kept for ----- years. - ✔✔ correct answer 5 years



Where should one set of all approved building documents be kept? - ✔✔ correct answer At the
building site



An erosion control conservation specification needs to be approved within ---- days. - ✔✔ correct
answer 60 days



After notification by the code official, an application for a permit shall be considered to have been
abandoned for ---- months. - ✔✔ correct answer 6 months



Where is the Recovery Fund used? - ✔✔ correct answer To pay claimants subject of improper or
dishonest conduct of a regulate



Disturbed land areas of less than ---- sq ft in size may not be an issue of erosion and sediment
control. - ✔✔ correct answer 10,000 sq ft



A designated employee must work a minimum of how many hours for a licensed contracting
business: - ✔✔ correct answer 30 hrs



The Board can refuse to renew a license when the principal owner is a former owner or officer of a
firm that - ✔✔ correct answer had its contractor license revoked



What is the maximum amount that can be paid out on behalf of a single contractor? - ✔✔ correct
answer $40,000



A license was issued on 10/15/2020. The expiration date is --- - ✔✔ correct answer 10/31/2022



A code official can begin legal proceedings against a contractor with a minimum of how many
violations within one calendar yr for work without a permit: - ✔✔ correct answer Three

, Business Exam

Where must a building permit be posted? - ✔✔ correct answer At the building site



A new building may be used after --- is issued. - ✔✔ correct answer Certificate of Occupancy



Any issued permits shall become invalid if work is not commenced within --- months after issuance. -
✔✔ correct answer six months



A notification that funds are due issued, but the funds are not paid. After a second notice, the funds
must be paid in --- days. If there is still no payment, tiger the license is ---- - ✔✔ correct answer 30,
suspended



An owner wants a swimming pool built in a specified location, the location is in violation of the local
code. The contractor should - ✔✔ correct answer not agree to build the pool



An individual qualifying for licensure which require a trade exam must - ✔✔ correct answer Be a full-
time employee



All of the following are required on a written contract EXCEPT - ✔✔ correct answer permit numbers



If licensees are notified at the time of renewal that an additional fee for the contractor recovery fund
is due, and the licensee does not pay the fee at that time, how much additional time is the licensee
given? - ✔✔ correct answer 30 days



When is a renewal or reinstatement application considered received by the board? - ✔✔ correct
answer when the application and fees are received by the board



Who may file complaints against a licensed contractor - ✔✔ correct answer only a person for whom
the contractor has performed work



Who may make a claim for payment from the contractors Recovery Trust Fund? - ✔✔ correct answer
a property owner who contracted with the licensee



A new building may be used for its intended purpose only after? - ✔✔ correct answer A certificate of
Occupancy has been issued

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