and Answers (Top Grade Assured) 2026
Update
What is the MAXIMUM penalty for a contractor who
undertakes work without the proper class of license? -
Correct Answers ✅$500 fine per day for each day of
violation plus penalties for a misdemeanor.
All Class A contractor licensure applications MUST include -
Correct Answers ✅information on the knowledge, skills,
and abilities of the applicant.
What is the PRIMARY purpose of licensing? - Correct
Answers ✅Protect the health and welfare of the public.
When a claimant is paid funds from the Contractors Recovery
Trust Fund - Correct Answers ✅the contractor's license is
revoked. !!!
The application for licensure MUST include - Correct
Answers ✅the business address of the proposed designated
employee.
Which of the following is a requirement for a joint venture? -
Correct Answers ✅Either the joint venture or each
contracting party of the joint venture must be licensed.
,Naslca Virginia Exam Practice Questions
and Answers (Top Grade Assured) 2026
Update
All of the following must be licensed EXCEPT - Correct
Answers ✅a material supplier who advises a contractor.
How much is the Class A initial license fee? - Correct
Answers ✅$200
A licensee's name change MUST be reported to the Board
within a MAXIMUM of how many days? - Correct Answers
✅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 Answers ✅30 hours.
A firm desiring to be licensed as a Class B contractor MUST
have a MINIMUM net worth of - Correct Answers ✅$15,000.
According to the Board Rules and Regulations, which of the
following could be a qualified individual? - Correct Answers
✅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 Answers ✅90 days.
,Naslca Virginia Exam Practice Questions
and Answers (Top Grade Assured) 2026
Update
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 Answers ✅5
Additions to buildings MUST comply with - Correct Answers
✅the current code for new construction.
When MUST the work be stopped following the issuance of a
stop work order? - Correct Answers ✅Immediately
Who is to be in charge of a local building department? -
Correct Answers ✅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 Answers ✅45 days
Contractors will be assessed a fee for the Transaction
Recovery Fund whenever the fund balance is less than -
Correct Answers ✅$400,000.
, Naslca Virginia Exam Practice Questions
and Answers (Top Grade Assured) 2026
Update
Payments made by the Transaction Recovery Fund to
claimants may include an amount for - Correct Answers
✅attorneys' fees.
A contract for which of the following types of structures may
be subject to recovery from the Transaction Recovery Fund? -
Correct Answers ✅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 Answers ✅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 Answers ✅30 days.
Temporary erosion and sediment control measures MUST be
removed within a MAXIMUM of how many days after the final
site stabilization? - Correct Answers ✅30 days.
Which of the following statements about a sole proprietorship
is TRUE? - Correct Answers ✅The business, or any part of
it, can be sold, altered, or exchanged at will.