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
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)
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.
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.
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.
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.
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.
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.
