VIRGINIA CONTRACTOR EXAM QUESTIONS WITH 100% CORRECT ANSWERS

1. What is the MAXIMUM penalty for a contractor who undertakes work without the proper class of license?: $500 fine. 2. According to the Board Rules and Regulations, a full-time employee is one who works a MINIMUM of how many hours per week?: 30 hours. 3. All Class A contractor licensure applications MUST include: information on the knowledge, skills, and abilities of the applicant 4. Which of the following is a requirement for a joint venture?: Either the joint venture or each contracting party of the joint venture must be licensed. 5. The application for licensure MUST include: the business address of the proposed designated employee. 6. When MUST the work be stopped following the issuance of a stop work order?: Immediately 7. When a claimant is paid funds from the Contractors Recovery Trust Fund: the contractor's license is revoked. 8. All of the following must be licensed EXCEPT: a material supplier who advises a contractor. 9. 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?: 12 months. 10. What is the PRIMARY purpose of licensing?: Protect the health and welfare of the public. 11. A firm desiring to be licensed as a Class B contractor MUST have a MINIMUM net worth of: $15,000. 12. A licensee's name change MUST be reported to the Board within a MAXIMUM of how many days?: 30 days. 13. According to the Board Rules and Regulations, which of the following could be a qualified individual?: Any full-time employee. 14. How much is the Class A initial license fee?: $200 15. Who is to be in charge of a local building department?: Building official. 16. 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?: 5 17. 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?: 90 days.