{"product_id":"virginia-business-and-law-class-a-b-online-practice-questions","title":"Virginia Class A\/B Business  - Online Practice Questions","description":"\u003cp data-mce-fragment=\"1\"\u003eGet started on your path to becoming a licensed Virginia Contractor by studying for the required computer-based Virginia\u003cspan data-mce-fragment=\"1\"\u003e \u003c\/span\u003eClass A\/B business examination with simulated online practice questions. \u003c\/p\u003e\n\u003cul data-mce-fragment=\"1\"\u003e\n\u003cli data-mce-fragment=\"1\"\u003ePractice in a timed environment right from your home computer or mobile phone\u003c\/li\u003e\n\u003cli data-mce-fragment=\"1\"\u003eHundreds of practice questions in computer-based format\u003cbr data-mce-fragment=\"1\"\u003e\n\u003c\/li\u003e\n\u003cli data-mce-fragment=\"1\"\u003eBonus - Also included are strategies for taking contractor's licensing exam, test-taking techniques, and time management tips. \u003c\/li\u003e\n\u003cli data-mce-fragment=\"1\"\u003eCovered topics include contracting business, managing administrative duties, managing trade operations, conducting accounting functions, managing human resources, complying with government regulation\u003cbr data-mce-fragment=\"1\"\u003e\n\u003c\/li\u003e\n\u003cli data-mce-fragment=\"1\"\u003e3 months of online access\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eClass A\/B License Requirements:\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e\u003c\/strong\u003eVirginia requires two licenses to become a contractor: Business (Class A or B only) to be taken by the Designated Employee and Technical\/Trade to be taken by the Qualified Individual. \u003c\/p\u003e\n\u003cp\u003eThis Class A\/B license covers the business portion and is required by the Designated Employee or member of responsible management. \u003c\/p\u003e\n\u003cp\u003eThere is an \u003ca href=\"https:\/\/www.dpor.virginia.gov\/sites\/default\/files\/boards\/Contractors\/New%20Format%20-%20PreLicense.pdf\" title=\"Virginia 8 Hour PreLicense Course\"\u003e8-hour Pre-License requirement\u003c\/a\u003e 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.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eClass A\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003e– contractors perform or manage construction, removal, repair, or improvements when (i) the total value referred to in a single contract or project is $120,000 or more, or (ii) the total value of all such construction, removal, repair, or improvements undertaken by such person within any twelve-month period is $750,000 or more. The Company must have a $45k minimum net worth. Class A applicants must have a minimum five years experience. \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eClass B\u003c\/strong\u003e\u003cspan\u003e \u003c\/span\u003e– contractors perform or manage construction, removal, repair, or improvements when (i) the total value referred to in a single contract or project is $10,000 or more, but less than $120,000, or (ii) the total value of all such construction, removal, repair, or improvements undertaken by such person within any twelve-month period is $150,000 or more, but less than $750,000  The company must have a minimum net worth of $15,000. \u003cspan data-mce-fragment=\"1\"\u003eClass B applicants must have a minimum three years experience. \u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eExam Information:\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eExams are administered by\u003cspan\u003e \u003c\/span\u003e\u003ca href=\"http:\/\/candidate.psiexams.com\/\"\u003ePSI\u003c\/a\u003e\u003cspan\u003e \u003c\/span\u003eand can be scheduled online or by calling\u003cspan\u003e \u003c\/span\u003e\u003cstrong\u003ePSI EXAMINATION SERVICES (800) 733-9267\u003cbr\u003e\u003cbr\u003e\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eThe Class A exam consists of three parts: Virginia portion, General portion, and Advanced Portion.\u003c\/p\u003e\n\u003cp\u003eThe Class B exam consists of just the Virginia and General portions.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eVIRGINIA PORTION, 24 Items\u003c\/p\u003e\n\u003cp\u003ePassing Score: 18\u003c\/p\u003e\n\u003cp\u003e48 Minutes to complete this portion.\u003c\/p\u003e\n\u003col\u003e\n\u003cli\u003eRegulation of Contractors (7 Items)\u003c\/li\u003e\n\u003cli\u003eBoard Rules and Regulations (5 Items)\u003c\/li\u003e\n\u003cli\u003eBuilding Codes (5 Items)\u003c\/li\u003e\n\u003cli\u003eTransaction Recovery Fund (5 Items)\u003c\/li\u003e\n\u003cli\u003eVirginia Erosion and Sediment Control Regulations (2 Items)\u003c\/li\u003e\n\u003c\/ol\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eGENERAL PORTION, 50 Items\u003c\/p\u003e\n\u003cp\u003ePassing Score: 35\u003c\/p\u003e\n\u003cp\u003e100 Minutes to complete this portion.\u003c\/p\u003e\n\u003col\u003e\n\u003cli\u003eBusiness Organization (2 Items)\u003c\/li\u003e\n\u003cli\u003eEstimating and Bidding (10 Items)\u003c\/li\u003e\n\u003cli\u003eContract Management (10 Items)\u003c\/li\u003e\n\u003cli\u003eProject Management (7 Items)\u003c\/li\u003e\n\u003cli\u003eRisk Management (3 Items)\u003c\/li\u003e\n\u003cli\u003eSafety (5 Items)\u003c\/li\u003e\n\u003cli\u003eLabor Laws (3 Items)\u003c\/li\u003e\n\u003cli\u003eFinancial Management (5 Items)\u003c\/li\u003e\n\u003cli\u003eFederal and State Taxes (4 Items)\u003c\/li\u003e\n\u003cli\u003eLien Laws (1 Item)\u003c\/li\u003e\n\u003c\/ol\u003e\n\u003cp\u003e  \u003c\/p\u003e\n\u003cp\u003eADVANCED PORTION, 24 Items\u003c\/p\u003e\n\u003cp\u003ePassing Score: 17\u003c\/p\u003e\n\u003cp\u003e60 Minutes to complete this portion.\u003c\/p\u003e\n\u003col\u003e\n\u003cli\u003eEstimating and Bidding (1 Item)\u003c\/li\u003e\n\u003cli\u003eContract Management (4 Items)\u003c\/li\u003e\n\u003cli\u003eProject Management (1 Item)\u003c\/li\u003e\n\u003cli\u003eRisk Management (2 Items)\u003c\/li\u003e\n\u003cli\u003eSafety (2 Items)\u003c\/li\u003e\n\u003cli\u003eLabor Laws (4 Items)\u003c\/li\u003e\n\u003cli\u003eFinancial Management (5 Items)\u003c\/li\u003e\n\u003cli\u003eFederal and State Taxes (4 Items)\u003c\/li\u003e\n\u003cli\u003eLien Laws (1 Item)\u003c\/li\u003e\n\u003c\/ol\u003e","brand":"UpStryve Book Store","offers":[{"title":"Default Title","offer_id":42659820896496,"sku":"7401222-A","price":79.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0523\/1771\/6645\/products\/15_2_99f6b408-a4a9-49fe-9a90-63a7e0aa8897.png?v=1649304709","url":"https:\/\/bookstore-upstryve.myshopify.com\/products\/virginia-business-and-law-class-a-b-online-practice-questions","provider":"UpStryve Book Store","version":"1.0","type":"link"}