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Virginia PSI Business and Law Class A/B Online Prep course

$150.00

 

 

Get one step closer to becoming a Virginia contractor with a prep course designed by 1ExamPrep to help you conquer the required Virginia Business Management And Law examination.

Use the online course structure to tailor your prep to your individual learning style. You’ll have a full year of access to the online course.

  • 1-hour test-taking techniques and practice exams
  • Highlights and Tabs locations for all reference materials
  • Book overview and instructional videos
  • Practice Exams with 100's of test questions in a simulated format
  • 1 year of online

 

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: Advance, Virginia and General.  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)