Florida Business and Finance

The Business and Finance exam is a requirement for all types of contractors to become licensed in the State of Florida. This exam must be taken in addition to the contractor or trade exam for which you are trying to become licensed.

$695.00

SKU: c625 Category: Tag:

Required Books 

The references listed below are permitted to be taken into the examination. These references may be tabbed (with permanent index tabs) and highlighted. They are available for purchase from our online contractor’s bookstore or by calling our office at 1-800-992-1910.

Add All Required Books to Cart ($314.00)

Additional Services

  • Please note that the Florida Business and Finance exam is a requirement for all types of contractors. This exam must be taken in addition to the contractor or trade exam. This seminar is a preparation for the State Business and Finance exam NOT the city/county exam.
  • The Building Contractor, General Contractor, and Residential Contractor seminars that we offer already include the Business and Finance review. You DO NOT have to take the Business and Finance seminar separately.
  • Experience requirements, financial requirements, fees, bond and insurance requirements, and exam content information for each type of contractor or trade is located on the information page for each license.
  • All contractors must be at least 18 years of age and be of good moral character.

    Beginning November 1, 2007, all applicants for initial licensure or changed of status will be required to have a criminal background check performed by the Florida Department of Law Enforcement and Federal Bureau of Investigation.

    YOU ARE RESPONSIBLE FOR ENSURING THAT YOUR FINGERPRINTS HAVE BEEN SCANNED BY THE DEPARTMENT’S VENDOR, PROMISSOR/PEARSON VUE, PRIOR TO SUBMITTING YOUR APPLICATION.

  • If an applicant has a FICO credit score lower than 660, he/she will be requested to provide a licensing bond or letter of credit to obtain licensure. Please review the Department’s Financial Responsibility and Stability website for additional information on the Board’s requirements. The amount of the licensing bond or letter of credit is based on the type of license requested: $20,000 for Division I contractors and $10,000 for Division II contractors.  Please call us for more detailed information or if you have personal credit concerns.

The Business and Finance exam is a requirement for all types of contractors to become licensed in the State of Florida. This exam must be taken in addition to the contractor or trade exam for which you are trying to become licensed.

To apply, contact State of Florida Department of Business and Professional Regulation 1-850-487-1395.

If applying for initial licensure from May 1st of an Even numbered year through August 31st of an Odd numbered year the fee is $249.

If applying for initial licensure from September 1st of an Odd numbered year through April 30th of an Even numbered year the fee is $149. 

  • You must pay a fee of $56.25 to Promissor/Pearson VUE for the processing of your electronic fingerprints.

    Candidates will receive an unofficial grade report on the day they pass the exam. However, test scores and license approval do not become official until ratified by the Contractors Licensing Board at their next meeting.

    Licenses are typically received within 14 days of the exam.

  • Important Contacts

    Commercial, residential & public works construction is regulated at the local/municipal level AND at the state level. A statewide-certified license is granted by the construction or electrical licensing boards for most categories of licensure.

    Applications for contractor licenses (other than electrical) are filed with:

    Department of Business & Professional Regulation
    The Construction Industry Licensing Board
    1940 North Monroe Street
    Tallahassee, FL 32399
    (850)487-1395
    Information on electrical licensing may be obtained from:

    Electrical Contractors Licensing Board
    Department of Business & Professional Regulation
    1940 North Monroe Street
    Tallahassee, Fl 32399
    (850)487-1395

    To schedule the Florida Electrical Business exam (CBT) you must contact Promissor/Pearson Vue at 1-888-204-6230.

    To register for the exam:

    Professional Testing Inc.
    PO Box 691226
    Orlando, FL 32869-1226
    phone: 407-264-0562
    fax: 407-264-2977

    To make a reservation to meet the fingerprinting requirement:

    Pearson VUE
    Customer Care: (888) 204-6230
    www.pearsonvue.com
    Florida General Construction - County License
    To Register for the exam:

    Prometric
    Canton Crossing
    1501 South Clinton Street
    Baltimore, MD 21224
    USA
    1-866-PROMETRIC (776-6387)
    1-443-455-8000

    Florida has no reciprocal agreements with any states at this time.

    As of this time Florida requires 14 hours of board approved continuing education each biennium prior to the renewal period for both certified and registered contractors. At least 1 hour must deal with workplace safety, 1 hour must be on the subject of worker’s compensation, 1 hour must cover the subject of business practices, 1hour must cover the subject of laws and rules, 1 hour must cover wind mitigation methodologies, and 1 hour must cover the Florida Building Code advanced modules.

    • The fee for the exam is $135.
    • A score of at least 70% is required to pass the exams.
    • The exam is 1 day, open book, multiple-choice, and timed.
    • The Florida Business and Finance exam is a 6.5 hr exam consisting of 120 equally weighted questions. 
    • Beginning August, 2018 examinations will be administered in a computer-based testing format that you can take anytime at a Pearson Vue testing facility near you.  Test locations are in Orlando, Tallahassee, and Miami.

      You must complete all portions of the examination within 4 years of the first attempt. After four years, all previous test scores become invalid and you will be required to take all parts of the examination again.

    • Applicants must submit an application and exam fee to become registered to take the exam. The testing company must receive completed applications and appropriate fees no later than 30 days prior to the next scheduled exam date.
    • Topics covered on the business and finance exam portion are establishing the contracting business, managing administrative duties, managing trade operations, conducting accounting functions, managing human resources, and complying with government regulations.

    • To schedule your exam you must contact Professional Testing, Inc (PTI) at 1-407-264-0562.

    American Contractors offers a 3 day seminar guaranteed to prepare you for the Florida Business and Finance exam. Please contact us for additional information, 1-800-992-1910.