Virginia Contractor's Prep Exam
Questions With Already Passed
Solutions.
What is the MAXIMUM penalty for a contractor who undertakes work without the proper class of
license? - Answer $500 fine per day for each day of violation plus penalties for a misdemeanor.
What is the PRIMARY purpose of licensing? - Answer Protect the health and welfare of the public.
The application for licensure MUST include - Answer the business address of the proposed designated
employee.
All of the following must be licensed EXCEPT - Answer a material supplier who advises a contractor.
When a claimant is paid funds from the Contractors Recovery Trust Fund - Answer the contractor's
license is revoked.
All Class A contractor licensure applications MUST include - Answer information on the knowledge,
skills, and abilities of the applicant.
Which of the following is a requirement for a joint venture? - 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? - 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? - Answer 30 hours.
, According to the Board Rules and Regulations, which of the following could be a qualified individual? -
Answer Any full-time employee
A firm desiring to be licensed as a Class B contractor MUST have a MINIMUM net worth of - Answer
$15,000
A licensee's name change MUST be reported to the Board within a MAXIMUM of how many days? -
Answer 30 days.
Additions to buildings MUST comply with - Answer the current code for new construction.
When MUST the work be stopped following the issuance of a stop work order? - Answer Immediately
Who is to be in charge of a local building department? - 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? - 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? - Answer
5
Contractors will be assessed a fee for the Transaction Recovery Fund whenever the fund balance is less
than - 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? - 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? - Answer 12 months.
Questions With Already Passed
Solutions.
What is the MAXIMUM penalty for a contractor who undertakes work without the proper class of
license? - Answer $500 fine per day for each day of violation plus penalties for a misdemeanor.
What is the PRIMARY purpose of licensing? - Answer Protect the health and welfare of the public.
The application for licensure MUST include - Answer the business address of the proposed designated
employee.
All of the following must be licensed EXCEPT - Answer a material supplier who advises a contractor.
When a claimant is paid funds from the Contractors Recovery Trust Fund - Answer the contractor's
license is revoked.
All Class A contractor licensure applications MUST include - Answer information on the knowledge,
skills, and abilities of the applicant.
Which of the following is a requirement for a joint venture? - 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? - 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? - Answer 30 hours.
, According to the Board Rules and Regulations, which of the following could be a qualified individual? -
Answer Any full-time employee
A firm desiring to be licensed as a Class B contractor MUST have a MINIMUM net worth of - Answer
$15,000
A licensee's name change MUST be reported to the Board within a MAXIMUM of how many days? -
Answer 30 days.
Additions to buildings MUST comply with - Answer the current code for new construction.
When MUST the work be stopped following the issuance of a stop work order? - Answer Immediately
Who is to be in charge of a local building department? - 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? - 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? - Answer
5
Contractors will be assessed a fee for the Transaction Recovery Fund whenever the fund balance is less
than - 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? - 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? - Answer 12 months.
