Exam (elaborations)
VA Contractors Virginia Class A or B Questions and Answers (2024 / 2025) (Verified Answers)
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VA Contractors Virginia Class A or B Questions and Answers (2024 / 2025) (Verified Answers)
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VA Contractors Virginia (Class A or B)1.All Class A contractor licensure applications MUST include...
ANS Information on the knowledge, skills, and abilities of the applicant
2.Which of the following is a requirement for a joint venture?
ANS Either the joint venture or each contracting party of the joint
venture must be licensed
3.All of the following must be licensed EXCEPT...
ANS A material supplier who advises a contractor
4.Payments made by the Transaction Recovery Fund to claimants may
include an amount for...
ANS Attorney's fees
5.A licensee's name change MUST be reported to the Board within a MAXI-
MUM of how many days?
1/
6
, ANS 30 days
6.An appeal of a final decision of a county on an erosion control plan
MUST be filed within a MAXIMUM of how many days?
ANS 30 days
7.How much is the Class A initial license fee?
ANS $200
8.When a claimant is paid funds from the Contractors Recovery Trust
Fund...-
ANS The contractor's license is revoked
9.A firm desiring to be licensed as a Class B contractor MUST have a
MINIMUM net worth of...
ANS $15,000
10.A contract for which of the following types of structures may be subject
to recovery from the Transaction Recovery Fund?
2/
6
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