Virginia Contractor's Exam
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.
What is the PRIMARY purpose of licensing? - correct answer-Protect the health and welfare
of the public.
The application for licensure MUST include - correct answer-the business address of the
proposed designated employee.
All of the following must be licensed EXCEPT - correct answer-a material supplier who
advises a contractor.
When a claimant is paid funds from the Contractors Recovery Trust Fund - correct
answer-the contractor's license is revoked.
All Class A contractor licensure applications MUST include - correct answer-information on
the knowledge, skills, and abilities of the applicant.
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
How much is the Class A initial license fee not including the Recovery Fund fee? - correct
answer-$360
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.
According to the Board Rules and Regulations, which of the following could be a qualified
individual? - correct answer-Any full-time employee
A firm desiring to be licensed as a Class B contractor MUST have a MINIMUM net worth of -
correct answer-$15,000
A licensee's name change MUST be reported to the Board within a MAXIMUM of how many
days? - correct answer-30 days.
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.
, 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
Contractors will be assessed a fee for the Transaction Recovery Fund whenever the fund
balance is less than - correct answer-$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? - correct answer-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?
- correct answer-12 months.
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
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
All of the following are considered general conditions that could affect costs directly
associated with a specific project EXCEPT - correct answer-profit margin.
The two basic laws of construction estimating are - correct answer-low estimates decrease
profits and high estimates decrease volume.
What should be added to wage rates to ensure accuracy in estimating labor for a project? -
correct answer-Labor burden.
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.
What is the PRIMARY purpose of licensing? - correct answer-Protect the health and welfare
of the public.
The application for licensure MUST include - correct answer-the business address of the
proposed designated employee.
All of the following must be licensed EXCEPT - correct answer-a material supplier who
advises a contractor.
When a claimant is paid funds from the Contractors Recovery Trust Fund - correct
answer-the contractor's license is revoked.
All Class A contractor licensure applications MUST include - correct answer-information on
the knowledge, skills, and abilities of the applicant.
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
How much is the Class A initial license fee not including the Recovery Fund fee? - correct
answer-$360
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.
According to the Board Rules and Regulations, which of the following could be a qualified
individual? - correct answer-Any full-time employee
A firm desiring to be licensed as a Class B contractor MUST have a MINIMUM net worth of -
correct answer-$15,000
A licensee's name change MUST be reported to the Board within a MAXIMUM of how many
days? - correct answer-30 days.
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.
, 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
Contractors will be assessed a fee for the Transaction Recovery Fund whenever the fund
balance is less than - correct answer-$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? - correct answer-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?
- correct answer-12 months.
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
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
All of the following are considered general conditions that could affect costs directly
associated with a specific project EXCEPT - correct answer-profit margin.
The two basic laws of construction estimating are - correct answer-low estimates decrease
profits and high estimates decrease volume.
What should be added to wage rates to ensure accuracy in estimating labor for a project? -
correct answer-Labor burden.
