CONTRACTORS FINAL EXAM 2026
VERIFIED QUESTIONS AND ANSWERS
GRADED A+
⩥ Establishment year of the North Carolina Licensing Board for General
Contractors. Answer: 1925
⩥ Minimum project cost for general contractor's license in North
Carolina. Answer: $30,000.
⩥ Number of members on the State Licensing Board for General
Contractors. Answer: 7
⩥ Term length for members of the State Licensing Board for General
Contractors. Answer: 3 years.
⩥ Maximum number of complete consecutive terms a Board member
can serve. Answer: 2
⩥ Frequency of Board meetings each year. Answer: Quarterly.
, ⩥ Minimum age requirement for general contractor's license in North
Carolina. Answer: 18 years old.
⩥ Maximum value of a single project for an intermediate license holder.
Answer: $1,000,000.
⩥ Validity period of a general contractor's license after expiration.
Answer: 30 days.
⩥ Years after which a license becomes archived if invalid. Answer:
Three years.
⩥ Definition of a 'delinquent income tax debt'. Answer: Any unpaid
income tax.
⩥ Requirements for a foreign corporation to obtain a certificate of
license. Answer: A certificate of authority from the Secretary of State.
⩥ Hours of continuing education required annually for a building
contractor. Answer: 8 hours.
⩥ Deadline for completing continuing education requirements each year.
Answer: December 31.