Naslca Virginia Exam Practice 100% Correct!!

What is the MAXIMUM penalty for a contractor who undertakes work without the proper class of license? - ANSWER$500 fine per day for each day of violation plus penalties for a misdemeanor. All Class A contractor licensure applications MUST include - ANSWERinformation on the knowledge, skills, and abilities of the applicant. What is the PRIMARY purpose of licensing? - ANSWERProtect the health and welfare of the public. When a claimant is paid funds from the Contractors Recovery Trust Fund - ANSWERthe contractor's license is revoked. !!! The application for licensure MUST include - ANSWERthe business address of the proposed designated employee. Which of the following is a requirement for a joint venture? - ANSWEREither the joint venture or each contracting party of the joint venture must be licensed. All of the following must be licensed EXCEPT - ANSWERa material supplier who advises a contractor. How much is the Class A initial license fee? - ANSWER$200 A licensee's name change MUST be reported to the Board within a MAXIMUM of how many days? - ANSWER30 days According to the Board Rules and Regulations, a full-time employee is one who works a MINIMUM of how many hours per week? - ANSWER30 hours. A firm desiring to be licensed as a Class B contractor MUST have a MINIMUM net worth of - ANSWER$15,000. According to the Board Rules and Regulations, which of the following could be a