Virginia Contractor's Exam Questions With 100% Correct Answers
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Course
Virginia Contractor\'s
Institution
Virginia Contractor\'s
Virginia Contractor's Exam Questions With
100% Correct Answers
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? -...
Virginia Contractor's Exam Questions With 100% Co rrect Answers What is the MAXIMUM penalty for a contractor who undertakes work without the proper class of license? - answer✔✔$500 fine per day f or 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 designate d 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 li censure 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 na me 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 da ys 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 m onths. Payments made by the Transaction Recovery Fund to claimants may include an amount for - answer✔✔attorneys' fees. A contract for which of the following types of structures may be subject to recovery from the Transaction Recovery Fund? - 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 m any days? - answer✔✔30 days. Temporary erosion and sediment control measures MUST be removed within a MAXIMUM of how many days after the final site stabilization? - answer✔✔30 days. Which of the following statements about a sole proprietorship is TRUE? - 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? - answer✔✔Partnership All of the following are considered general conditions that could affec t costs directly associated with a specific project EXCEPT - answer✔✔profit margin.
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