VIRGINIA HOME IMPROVEMENT CONTRACTING (HIC) EXAM 2024 | ACCURATE CURRENTLY TESTING REAL EXAM QUESTIONS WITH DETAILED ANSWERS

VIRGINIA HOME IMPROVEMENT CONTRACTING (HIC) EXAM 2024 | ACCURATE CURRENTLY TESTING REAL EXAM QUESTIONS WITH DETAILED ANSWERS What is the MAXIMUM penalty for a contractor who undertakes work without the proper class of license? - CORRECT Answer $500 fine. Which of the following is a requirement for a joint venture? - CORRECT Answer Either the joint venture or each contracting party of the joint venture must be licensed. The application for licensure MUST include - CORRECT Answer the business address of the proposed designated employee. All Class A contractor licensure applications MUST include - CORRECT Answer information on the knowledge, skills, and abilities of the applicant. When a claimant is paid funds from the Contractors Recovery Trust Fund - CORRECT Answer the contractor's license is revoked. All of the following must be licensed EXCEPT - CORRECT Answer a material supplier who advises a contractor. What is the PRIMARY purpose of licensing? - CORRECT Answer Protect the health and welfare of the public. A firm desiring to be licensed as a Class B contractor MUST have a MINIMUM net worth of - CORRECT Answer $15,000. A licensee's name change MUST be reported to the Board within a MAXIMUM of how many days? - CORRECT Answer 30 days. According to the Board Rules and Regulations, which of the following could be a qualified individual? - CORRECT Answer Any full-time employee. How much is the Class A initial license fee? - CORRECT Answer $200 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. Who is to be in charge of a local building department? - CORRECT Answer Building official. 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? - CORRECT Answer 5