Page 1 of 110
FL CN FL Construction Business and
FinanceFlorida Construction Business and
Finance (36-FL-CN) Practice Exam Actual
Exam Questions with Correct Answers &
Explanations | Graded A+ Study Guide.
Q1. A Florida Certified General Contractor (CGC) may legally
perform which of the following?
A) Only residential work under $500,000
B) Any size commercial or residential work except plumbing,
mechanical, and electrical
C) Any size work including plumbing and electrical if
subcontractors are used
D) Only work for which they pass a trade exam
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Correct Answer: B
Rationale: FL Statute 489.105 defines a CGC as someone
whose services are unlimited in scope for non-specialty trades;
they cannot perform MEP (mechanical, electrical, plumbing) unless
properly licensed as a specialty contractor.
Q2. Which entity issues the Certified Contractor license in
Florida?
A) Local building department
B) Florida Department of Business and Professional Regulation
(DBPR)
C) Florida Construction Industry Licensing Board (CI LB)
D) Department of Financial Services
Correct Answer: C
Rationale: The CILB, under the DBPR, issues licenses and enforces
contractor regulations.
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Q3. Scenario: You are a Registered Contractor. You bid a job in
a county adjacent to yours. May you perform the work without
additional licensing?
A) Yes, registered licenses are statewide
B) No, registered contractors are limited to the local jurisdiction
that issued the license
C) Yes, if you notify the DBPR
D) Only if the job value is under $25,000
Correct Answer: B
Rationale: Registered contractors are only authorized in the
specific local jurisdiction (county or city) where they registered.
Certified contractors are statewide.
Q4. How often must Florida contractors renew their license?
A) Annually
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B) Every 2 years
C) Every 4 years
D) No renewal required after initial licensing
Correct Answer: B
Rationale: Biennial renewal (every 2 years) with continuing
education requirements.
Q5. What is the minimum financial stability requirement for a
Certified General Contractor license?
A) 5,000networthB)5,000networthB)10,000 net worth
C) 20,000networthplus20,000networthplus10,000 credit
D) 20,000networthor20,000networthor10,000 line of credit
Correct Answer: D
Rationale: FL Admin Code 61G4-12
requires 20knetworthor20knetworthor10k unencumbered line of
credit.
FL CN FL Construction Business and
FinanceFlorida Construction Business and
Finance (36-FL-CN) Practice Exam Actual
Exam Questions with Correct Answers &
Explanations | Graded A+ Study Guide.
Q1. A Florida Certified General Contractor (CGC) may legally
perform which of the following?
A) Only residential work under $500,000
B) Any size commercial or residential work except plumbing,
mechanical, and electrical
C) Any size work including plumbing and electrical if
subcontractors are used
D) Only work for which they pass a trade exam
,Page 2 of 110
Correct Answer: B
Rationale: FL Statute 489.105 defines a CGC as someone
whose services are unlimited in scope for non-specialty trades;
they cannot perform MEP (mechanical, electrical, plumbing) unless
properly licensed as a specialty contractor.
Q2. Which entity issues the Certified Contractor license in
Florida?
A) Local building department
B) Florida Department of Business and Professional Regulation
(DBPR)
C) Florida Construction Industry Licensing Board (CI LB)
D) Department of Financial Services
Correct Answer: C
Rationale: The CILB, under the DBPR, issues licenses and enforces
contractor regulations.
,Page 3 of 110
Q3. Scenario: You are a Registered Contractor. You bid a job in
a county adjacent to yours. May you perform the work without
additional licensing?
A) Yes, registered licenses are statewide
B) No, registered contractors are limited to the local jurisdiction
that issued the license
C) Yes, if you notify the DBPR
D) Only if the job value is under $25,000
Correct Answer: B
Rationale: Registered contractors are only authorized in the
specific local jurisdiction (county or city) where they registered.
Certified contractors are statewide.
Q4. How often must Florida contractors renew their license?
A) Annually
, Page 4 of 110
B) Every 2 years
C) Every 4 years
D) No renewal required after initial licensing
Correct Answer: B
Rationale: Biennial renewal (every 2 years) with continuing
education requirements.
Q5. What is the minimum financial stability requirement for a
Certified General Contractor license?
A) 5,000networthB)5,000networthB)10,000 net worth
C) 20,000networthplus20,000networthplus10,000 credit
D) 20,000networthor20,000networthor10,000 line of credit
Correct Answer: D
Rationale: FL Admin Code 61G4-12
requires 20knetworthor20knetworthor10k unencumbered line of
credit.
