Virginia Business and Law Class A/B - Online Practice Questions

Virginia Business and Law Class A/B - Online Practice Questions

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Get started on your path to becoming a licensed Virginia Contractor by studying for the required computer-based Alabama Business and Law examination with simulated online practice questions. 

  • Practice in a timed environment right from your home computer or mobile phone
  • Hundreds of practice questions in computer-based format
  • Bonus - Also included are strategies for taking contractor's licensing exam, test-taking techniques, and time management tips. 
  • Covered topics include contracting business, managing administrative duties, managing trade operations, conducting accounting functions, managing human resources, complying with government regulation
  • 3 months of online access

 

Class A/B License Requirements:

Virginia requires two licenses to become a contractor: Business / Law and Technical.  This Class A/B license covers the business and law portion and is required by the designated employee or member of responsible management.  There is an 8-hour Pre-License requirement for all new Virginia Contractors.  The same person who takes the Pre-License course must be the same person who takes the Class A/B exams.

Class A – required for all projects in exceeding $120,000 and yearly revenue over &750,000.  The Company must have a $45k minimum net worth

Class B – required for all projects exceeding $10,000 and not more than $120,000 per project, and not to exceed $750,000 in yearly revenue.  The company must have a minimum net worth of $15,000

Exam and Application:

Exams are administered by PSI and can be scheduled online or by calling PSI EXAMINATION SERVICES (800) 733-9267

The Class A exam consists of three parts: Virginia portion, General portion, and Virginia Portion. The Class B exam consists of just the Virginia and General portions.

VIRGINIA PORTION, 24 Items

Passing Score: 18

48 Minutes to complete this portion.

  1. Regulation of Contractors (7 Items)
  2. Board Rules and Regulations (5 Items)
  3. Building Codes (5 Items)
  4. Transaction Recovery Fund (5 Items)
  5. Virginia Erosion and Sediment Control Regulations (2 Items)

 

GENERAL PORTION, 50 Items

Passing Score: 35

100 Minutes to complete this portion.

  1. Business Organization (2 Items)
  2. Estimating and Bidding (10 Items)
  3. Contract Management (10 Items)
  4. Project Management (7 Items)
  5. Risk Management (3 Items)
  6. Safety (5 Items)
  7. Labor Laws (3 Items)
  8. Financial Management (5 Items)
  9. Federal and State Taxes (4 Items)
  10. Lien Laws (1 Item)

  

ADVANCED PORTION, 24 Items

Passing Score: 17

60 Minutes to complete this portion.

  1. Estimating and Bidding (1 Item)
  2. Contract Management (4 Items)
  3. Project Management (1 Item)
  4. Risk Management (2 Items)
  5. Safety (2 Items)
  6. Labor Laws (4 Items)
  7. Financial Management (5 Items)
  8. Federal and State Taxes (4 Items)
  9. Lien Laws (1 Item)