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FLORIDA STATE BUSINESS & FINANCE EXAM 2026-2027 QUESTIONS AND ANSWERS LATEST UPDATE

EXAMS AND CERTIFICATIONS Nov 26, 2025
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Which of the following is NOT exempt from chapter 489? A. An employee of a licensee who is subordinate of a construction licensee acting within the scope. B. Owners of a property with a cost of $85,000. C. Contractors in work on bridges and roads. D. Anybody doing work of a minor nature - less $1,000 or less.

Answer B. Owners of property $85,000 - CM 2-63 489.103 Limit is $75,000.



The architect has the sole responsibility for ordering __________________. A. Change orders B. Construction change directives C. any minor change of work D. any changes whatsoever

Answer: C. any minor change in work - AIA 201 7.1.2



When considering the location of your office, which of the following is not a consideration? A. Zoning Ordinances B. Demographic makeup of community C. Building Permits D. Flood Prone Area Maps

Answer: B. Demographic Makeup - CM 1-15



The bonding cost for a class "B" contract of $900,000 will cost ________________. A. $9,000 B. $10,000 C. $12,500 D. $22,500

Answer: C. $12,500 CM 4-18 Graduated scale: 1st- 100x25%+ 2,500 2nd 400 x15%+ 6,000 3rd 400x 10%=4,000 Total $12,500



The owner must prove financial capability no later than ________ days prior to the expiration of the time for withdrawal of bids. A. 3 B. 5 C.7 D.30

Answer: C. 7 - AIA 701.6.2



How many copies of the plans and specifications shall the contractor maintain on site? A. 1 B. 2 C. 3 D. 4

Answer: A. 1 - AIA201 2.3.6



Contracts entered into by unlicensed contractors ________________. A. are immoral B.are illegal C. are enforceable D. are unenforceable

Answer: D. are unenforceable - CM 2-94 489.128



The subcontractor agrees that all work shall be done subject to the final approval of the ______________________. A. architect B. contractor C. both A & B are correct D. none of the above

Answer: C. A & B are correct - AIA 401.4.2.5

















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FLORIDA STATE BUSINESS & FINANCE EXAM 2026-2027 QUESTIONS AND ANSWERS LATEST UPDATE

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