Virginia Contractor's Exam Questions and Answers 100% Pass

Virginia Contractor's Exam Questions and Answers 100% Pass What is the MAXIMUM penalty for a contractor who undertakes work without the proper class of license? $500 fine per day for each day of violation plus penalties for a misdemeanor. What is the PRIMARY purpose of licensing? Protect the health and welfare of the public. The application for licensure MUST include the business address of the proposed designated employee. All of the following must be licensed EXCEPT a material supplier who advises a contractor. When a claimant is paid funds from the Contractors Recovery Trust Fund the contractor's license is revoked. All Class A contractor licensure applications MUST include information on the knowledge, skills, and abilities of the applicant. 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 How much is the Class A initial license fee not including the Recovery Fund fee? $360 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. According to the Board Rules and Regulations, which of the following could be a qualified individual? Any full-time employee A firm desiring to be licensed as a Class B contractor MUST have a MINIMUM net worth of $15,000 A licensee's name change MUST be reported to the Board within a MAXIMUM of how many days? 30 days. Additions to buildings MUST comply with the current code for new construction. When MUST the work be stopped following the issuance of a stop work order? Immediately Who is to be in charge of a local building department? Building official. 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. 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 Contractors will be assessed a fee for the Transaction Recovery Fund whenever the fund balance is less than $400,000. Contractors who are assessed a fee to support the Transaction Recovery Fund MUST pay this fee within a MINIMUM of how many days from when the assessment fee notice was mailed? 45 days. 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. Payments made by the Transaction Recovery Fund to claimants may include an amount for attorneys' fees. A contract for which of the following types of structures may be subject to recovery from the Transaction Recovery Fund? Residential only An appeal of a final decision of a county on an erosion control plan MUST be filed within a MAXIMUM of how many days? 30 days. Temporary erosion and sediment control measures MUST be removed within a MAXIMUM of how many days after the final site stabilization? 30 days. Which of the following statements about a sole proprietorship is TRUE? The business, or any part of it, can be sold, altered, or exchanged at