Virginia Contractor Practice Test Exam Questions and Answers What is the MAXIMUM penalty for a contractor who undertakes work without the proper class of license? - Correct Answers ✅$500 fine.Which of the following is a requirement for a joint venture? - Correct Answers ✅Either the joint venture or each contracting party of the joint venture must be licensed.The application for licensure MUST include - Correct Answers ✅the business address of the proposed designated employee.All Class A contractor licensure applications MUST include - Correct Answers ✅information on the knowledge, skills, and abilities of the applicant.When a claimant is paid funds from the Contractors Recovery Trust Fund - Correct Answers ✅the contractor's license is revoked.All of the following must be licensed EXCEPT - Correct Answers ✅a material supplier who advises a contractor.What is the PRIMARY purpose of licensing? - Correct Answers ✅Protect the health and welfare of the public.
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