VA CONTRACTORS: VIRGINIA (CLASS A OR B) EXAM 100% VERIFIED ANSWERS 2024/2025 CORRECT, Exams of Organization and Business Administration

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VA CONTRACTORS: VIRGINIA

(CLASS A OR B) EXAM 100%

VERIFIED ANSWERS

2024/2025 CORRECT STUDY

SET

All Class A contractor licensure applications MUST include... Information on the knowledge, skills, and abilities of the applicant 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 Payments made by the Transaction Recovery Fund to claimants may include an amount for... Attorney's fees A licensee's name change MUST be reported to the Board within a MAXIMUM of how many days? 30 days 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 How much is the Class A initial license fee? $

When a claimant is paid funds from the Contractors Recovery Trust Fund... The contractor's license is revoked A firm desiring to be licensed as a Class B contractor MUST have a MINIMUM net worth of... $15, A contract for which of the following types of structures may be subject to recovery from the Transaction Recovery Fund? Residential only Contractors will be assessed a fee for the Transaction Recovery Fund whenever the fund balance is less than... $400, The application for licensure MUST include... The business address of the proposed designated employee Additions to buildings MUST comply with The current code for new construction Who is to be in charge of a local building department? Building official What is the PRIMARY purpose of licensing? Protect the health and welfare of the public When MUST the work be stopped following the issuance of a stop work order? Immediately 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