NASLCA Virginia Exam Practice Answered Correctly Latest Version 2024
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NASLCA Virginia Exam Practice |
Answered Correctly | Latest Version 2024
What is the MAXIMUM penalty for a contractor who undertakes work without the proper class of
license? - $500 fine per day for each day of violation plus penalties for a misdemeanor.
All Class A contractor licensure applica...
NASLCA Virginia Exam Practice |
Answered Correctly | Latest Version 2024
What is the MAXIMUM penalty for a contractor who undertakes work without the proper class of
license? - ✔✔$500 fine per day for each day of violation plus penalties for a misdemeanor.
All Class A contractor licensure applications MUST include - ✔✔information on the knowledge, skills, and
abilities of the applicant.
What is the PRIMARY purpose of licensing? - ✔✔Protect the health and welfare of the public.
When a claimant is paid funds from the Contractors Recovery Trust Fund - ✔✔the contractor's license is
revoked. !!!
The application for licensure MUST include - ✔✔the business address of the proposed designated
employee.
Which of the following is a requirement for a joint venture? - ✔✔Either the joint venture or each
contracting party of the joint venture must be licensed.
All of the following must be licensed EXCEPT - ✔✔a material supplier who advises a contractor.
How much is the Class A initial license fee? - ✔✔$200
A licensee's name change MUST be reported to the Board within a MAXIMUM of how many days? -
✔✔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? - ✔✔30 hours.
,A firm desiring to be licensed as a Class B contractor MUST have a MINIMUM net worth of - ✔✔$15,000.
According to the Board Rules and Regulations, which of the following could be a qualified individual? -
✔✔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? - ✔✔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? -
✔✔5
Additions to buildings MUST comply with - ✔✔the current code for new construction.
When MUST the work be stopped following the issuance of a stop work order? - ✔✔Immediately
Who is to be in charge of a local building department? - ✔✔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? - ✔✔45 days
Contractors will be assessed a fee for the Transaction Recovery Fund whenever the fund balance is less
than - ✔✔$400,000.
Payments made by the Transaction Recovery Fund to claimants may include an amount for -
✔✔attorneys' fees.
A contract for which of the following types of structures may be subject to recovery from the Transaction
Recovery Fund? - ✔✔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? - ✔✔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? - ✔✔30 days.
Temporary erosion and sediment control measures MUST be removed within a MAXIMUM of how many
days after the final site stabilization? - ✔✔30 days.
Which of the following statements about a sole proprietorship is TRUE? - ✔✔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? - ✔✔Partnership.
Which of the following estimating methods is typically used by the architect rather than the contractor? -
✔✔Conceptual estimate.
Equipment needs for a project are BEST estimated by - ✔✔calculating the number of hours or days it is
needed.
What should be added to wage rates to ensure accuracy in estimating labor for a project? - ✔✔Labor
burden.
A reason for using a lower than usual profit markup for a specific project could be to - ✔✔cover
company overhead costs.
Which of the following is a TRUE statement about estimating? - ✔✔Both overestimating and
underestimating costs could have disastrous consequences.
A contractor should do all of the following when estimating a project EXCEPT - ✔✔assume ideal
conditions
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