Virginia Class A Contractor License Practice Exam 2026 – Complete Test Prep

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A contract for which type of structures may be subject to recovery from the Transaction Recovery Fund?

Residential only

The Transaction Recovery Fund is designed to protect homeowners in residential construction. It applies when a licensed contractor fails to complete or properly perform on a contract that affects a private residence or other residential property. Because its purpose is to safeguard individuals in residential projects, it does not extend to commercial, industrial, or other non-residential structures. Therefore, contracts for residential structures may be subject to recovery from the fund.

Commercial only

Industrial only

All structures

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