VIRGINIA HIC REAL EXAM EVALUATION QUESTIONS WITH ANSWERS
2026/2027 || HOME IMPROVEMENT CONTRACTOR LICENSING REVIEW ||
CONTRACT LAW & REGULATIONS || PRACTICE QUESTIONS WITH
VERIFIED ANSWERS || HIGH-YIELD STUDY GUIDE || COMPLETE TEST
BANK || ACCURATE ANSWERS || GRADED A+
300 exam questions
What is the MAXIMUM penalty for a contractor who undertakes work without
the proper class of license? - CORRECT ANSWER -$500 fine per day for
each day of violation plus penalties for a misdemeanor.
All Class A contractor licensure applications MUST include - CORRECT
ANSWER -information on the knowledge, skills, and abilities of the applicant.
What is the PRIMARY purpose of licensing? - CORRECT ANSWER -Protect
the health and welfare of the public.
When a claimant is paid funds from the Contractors Recovery Trust Fund -
CORRECT ANSWER -the contractor's license is revoked. !!!
The application for licensure MUST include - CORRECT ANSWER -the
business address of the proposed designated employee.
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.
All of the following must be licensed EXCEPT - CORRECT ANSWER -a
material supplier who advises a contractor.
How much is the Class A initial license fee? - CORRECT ANSWER -$200
,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, a full-time employee is one who
works a MINIMUM of how many hours per week? - CORRECT ANSWER -
30 hours.
A firm desiring to be licensed as a Class B contractor MUST have a MINIMUM
net worth of - CORRECT ANSWER -$15,000.
According to the Board Rules and Regulations, which of the following could be
a qualified individual? - CORRECT ANSWER -Any full-time employee.
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? - CORRECT ANSWER -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? - CORRECT ANSWER -5
Additions to buildings MUST comply with - CORRECT ANSWER -the
current code for new construction.
When MUST the work be stopped following the issuance of a stop work order?
- CORRECT ANSWER -Immediately
Who is to be in charge of a local building department? - CORRECT
ANSWER -Building official.
,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? - CORRECT ANSWER -45 days
Contractors will be assessed a fee for the Transaction Recovery Fund whenever
the fund balance is less than - CORRECT ANSWER -$400,000.
Payments made by the Transaction Recovery Fund to claimants may include an
amount for - CORRECT ANSWER -attorneys' fees.
A contract for which of the following types of structures may be subject to
recovery from the Transaction Recovery Fund? - CORRECT ANSWER -
Residential only.
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? - CORRECT ANSWER -12 months.
An appeal of a final decision of a county on an erosion control plan MUST be
filed within a MAXIMUM of how many days? - CORRECT ANSWER -30
days.
Temporary erosion and sediment control measures MUST be removed within a
MAXIMUM of how many days after the final site stabilization? - CORRECT
ANSWER -30 days.
Which of the following statements about a sole proprietorship is TRUE? -
CORRECT ANSWER -The business, or any part of it, can be sold, altered, or
exchanged at will.
What type of business organization allows people to share financial resources? -
CORRECT ANSWER -Partnership.
, Which of the following estimating methods is typically used by the architect
rather than the contractor? - CORRECT ANSWER -Conceptual estimate.
Equipment needs for a project are BEST estimated by - CORRECT ANSWER
-calculating the number of hours or days it is needed.
What should be added to wage rates to ensure accuracy in estimating labor for a
project? - CORRECT ANSWER -Labor burden.
A reason for using a lower than usual profit markup for a specific project could
be to - CORRECT ANSWER -cover company overhead costs.
Which of the following is a TRUE statement about estimating? - CORRECT
ANSWER -Both overestimating and underestimating costs could have
disastrous consequences.
A contractor should do all of the following when estimating a project EXCEPT
- CORRECT ANSWER -assume ideal conditions
What MUST be included in an estimate for a job? - CORRECT ANSWER -
Materials, labor, equipment, and overhead costs.
Costs that relate to construction activity but are NOT easily identifiable for a
specific project are considered - CORRECT ANSWER -project overhead.
All of the following are considered general conditions that could affect costs
directly associated with a specific project EXCEPT - CORRECT ANSWER -
profit margin
2026/2027 || HOME IMPROVEMENT CONTRACTOR LICENSING REVIEW ||
CONTRACT LAW & REGULATIONS || PRACTICE QUESTIONS WITH
VERIFIED ANSWERS || HIGH-YIELD STUDY GUIDE || COMPLETE TEST
BANK || ACCURATE ANSWERS || GRADED A+
300 exam questions
What is the MAXIMUM penalty for a contractor who undertakes work without
the proper class of license? - CORRECT ANSWER -$500 fine per day for
each day of violation plus penalties for a misdemeanor.
All Class A contractor licensure applications MUST include - CORRECT
ANSWER -information on the knowledge, skills, and abilities of the applicant.
What is the PRIMARY purpose of licensing? - CORRECT ANSWER -Protect
the health and welfare of the public.
When a claimant is paid funds from the Contractors Recovery Trust Fund -
CORRECT ANSWER -the contractor's license is revoked. !!!
The application for licensure MUST include - CORRECT ANSWER -the
business address of the proposed designated employee.
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.
All of the following must be licensed EXCEPT - CORRECT ANSWER -a
material supplier who advises a contractor.
How much is the Class A initial license fee? - CORRECT ANSWER -$200
,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, a full-time employee is one who
works a MINIMUM of how many hours per week? - CORRECT ANSWER -
30 hours.
A firm desiring to be licensed as a Class B contractor MUST have a MINIMUM
net worth of - CORRECT ANSWER -$15,000.
According to the Board Rules and Regulations, which of the following could be
a qualified individual? - CORRECT ANSWER -Any full-time employee.
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? - CORRECT ANSWER -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? - CORRECT ANSWER -5
Additions to buildings MUST comply with - CORRECT ANSWER -the
current code for new construction.
When MUST the work be stopped following the issuance of a stop work order?
- CORRECT ANSWER -Immediately
Who is to be in charge of a local building department? - CORRECT
ANSWER -Building official.
,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? - CORRECT ANSWER -45 days
Contractors will be assessed a fee for the Transaction Recovery Fund whenever
the fund balance is less than - CORRECT ANSWER -$400,000.
Payments made by the Transaction Recovery Fund to claimants may include an
amount for - CORRECT ANSWER -attorneys' fees.
A contract for which of the following types of structures may be subject to
recovery from the Transaction Recovery Fund? - CORRECT ANSWER -
Residential only.
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? - CORRECT ANSWER -12 months.
An appeal of a final decision of a county on an erosion control plan MUST be
filed within a MAXIMUM of how many days? - CORRECT ANSWER -30
days.
Temporary erosion and sediment control measures MUST be removed within a
MAXIMUM of how many days after the final site stabilization? - CORRECT
ANSWER -30 days.
Which of the following statements about a sole proprietorship is TRUE? -
CORRECT ANSWER -The business, or any part of it, can be sold, altered, or
exchanged at will.
What type of business organization allows people to share financial resources? -
CORRECT ANSWER -Partnership.
, Which of the following estimating methods is typically used by the architect
rather than the contractor? - CORRECT ANSWER -Conceptual estimate.
Equipment needs for a project are BEST estimated by - CORRECT ANSWER
-calculating the number of hours or days it is needed.
What should be added to wage rates to ensure accuracy in estimating labor for a
project? - CORRECT ANSWER -Labor burden.
A reason for using a lower than usual profit markup for a specific project could
be to - CORRECT ANSWER -cover company overhead costs.
Which of the following is a TRUE statement about estimating? - CORRECT
ANSWER -Both overestimating and underestimating costs could have
disastrous consequences.
A contractor should do all of the following when estimating a project EXCEPT
- CORRECT ANSWER -assume ideal conditions
What MUST be included in an estimate for a job? - CORRECT ANSWER -
Materials, labor, equipment, and overhead costs.
Costs that relate to construction activity but are NOT easily identifiable for a
specific project are considered - CORRECT ANSWER -project overhead.
All of the following are considered general conditions that could affect costs
directly associated with a specific project EXCEPT - CORRECT ANSWER -
profit margin
