Arkansas Business and Law Exam Prep

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Arkansas Business and Law Exam Prep

The Arkansas Business and Law Exam Prep course covers business structures, the licensing process, managing risk, marketing and sales, contract management, job safety and more. Highlighting guides, practice quizzes, math and calculations, study tips, licensing information, and instructor support are included.

What’s Included in Our Courses

Everything you need to pass your exam on the first try.
Comprehensive test-taking tips based on our experiences serving over 350,000 students.
Learning modules covering business planning, bidding and estimating, contract management, liens, tax basics, insurance bonding, scheduling and project management, employee relations, financial management and more.
Access to 300 practice test questions to reinforce what you have learned.
Highlighting guides and professional instructor support
@HomePrep’s No Pass, No Pay Guarantee. And our proven approach that has resulted in a 99% pass rate for our students.
We are happy to help you with any step of the licensing process. Please contact us via chat or call us at 800-952-0910.
We provide Instructor Support that includes explaining exam topics, reasoning behind quiz questions and explaining the how and why of any specific amendment for a code.

Our courses are designed to help you become familiar with the references and allow you to find the information quickly as the exams are timed. We offer highlighting guides to draw attention to key points throughout the book and tabs (sold separately) to allow you to find key sections quickly. We encourage you to take the practice exams multiple times as the questions on the test change each time.

Resources for the Arkansas Business and Law Exam

  • Arkansas Business and Law Exam Prep

    $219.99

    We offer review for the Arkansas Contractor Business and Law exam through online practice tests. Our practice tests include over 300 questions and are designed to be the best and most efficient way to prepare you for your business and law examination. Each time you take the practice test, the questions our randomly generated from our database so you never see the same test twice.

    Add to cart
  • Arkansas Business and Law Exam Prep Complete Package

    $314.97

    We offer review for the Arkansas Contractor Business and Law exam through online practice tests. Our practice tests include over 300 questions and are designed to be the best and most efficient way to prepare you for your business and law examination. Each time you take the practice test, the questions our randomly generated from our database so you never see the same test twice.

    Add to cart

Books and Tabs to use During the Exam
(Included in the Complete Package):

Test materials are allowed to be tabbed, highlighted, and used during your test. The following references are used during the Arkansas Business and Law Exam and are available for purchase from our online contractor’s bookstore or by calling our office at 1-800-952-0910.

 

  • As a busy contractor with multiple state licenses and needs, it is nice to find a valuable source that can help fulfill my obligations from testing prep to CEU requirements. The team at @HomePrep are very courteous and professional. I would recommend them for any and all license and training needs.

    James V. - Colorado
  • This course was very easy to follow. It was so convenient because I was able to do it at my own pace in my free time. I have a very busy schedule and did not have time to take a live course.

    N. Amaya - Virginia
  • Very informative, the reading out loud was a great help. I could work at my own pace. It’s the way to go for continuing education!

    A. Nichols - Oklahoma
  • I really like the fact that I can keep taking the tests over and over, and the questions keep changing.

    T. Galbrath - Idaho

Who needs an Arkansas Business and Law License

General contractors in the state of Arkansas must hold a general contractor license prior to bidding on any residential or commercial project that exceeds $20,000. All plumbing, HVAC/R, and electrical work requires a license. 

Please view our Application Processing Services to streamline this process.

You must  pass the Business and Law exam, provide a financial statement, proof of a bond, and proof of worker’s compensation insurance. You will also need to provide references who can detail your work experience

According to the Arkansas Contractors Board, you do not need a general liability insurance to apply for your  License. It is recommended to carry general liability and workers’ compensation insurance prior to doing any work.

  1. Complete the application which is available online or by calling the following: 
  1. Pass the state exam.
  2. Obtain all required insurance and contact a CPA or PA to prepare your financial statements. 

Residential contractors are required to have continuing education. Reciprocity agreements exist for Alabama, Tennessee, Mississippi, and Louisiana.

Number of Questions 30
Exam Time 75 Minutes
Pass Requirements 70%
Open Book Allowed Yes
Test Cost $84

Exam Overview

The Arkansas Business and Law Exam is an open book exam that requires a 70% score to pass. To use your time efficiently in the exam, it is extremely helpful to prepare in-depth and have your book tabbed and highlighted prior to the exam. Highlighting and tabs are permitted prior to arriving at the test site

Exam Topics

  • The Arkansas Business and Law Exam is designed to assess the knowledge and competency of individuals seeking to become licensed contractors in Arkansas. The exam usually consists of multiple-choice questions that cover various aspects of construction and contracting, including: 

Construction Practices: This section may cover different construction techniques, material selection, construction sequencing, and best practices in residential and small commercial construction. 

 

Legal and Business Practices: Contractors must understand the legal aspects of the construction industry, such as contracts, licensing laws, insurance requirements, and project management. Knowledge of business practices like estimating, cost control, and accounting might also be tested. 

 

Safety: Ensuring the safety of workers, clients, and the public is paramount in construction. Questions on safety practices, OSHA regulations, and hazard recognition may be included.

 

Trade-Specific Knowledge: Depending on the type of residential and small commercial contractor you want to be (e.g., general contractor, electrician, plumber, etc.), the exam may include trade-specific questions related to your chosen field. 

 

Additional topics include: Licensing, Estimating and Bidding, Liens, Financial, Payroll and Taxes, Personnel and Labor. Project Management, Contracts, Business Organization and Risk Management. 

 

The exam is timed, and you will need to achieve a passing score to obtain your contractor’s license. Each state may have its own exam structure and content, so it’s essential to check with the state or the relevant licensing authority for the most up-to-date information on the exam’s specific requirements. 

Before taking the exam, it’s advisable to study relevant reference materials and gain practical experience in the construction field to increase your chances of success.

 

The Arkansas Business and Law Exam Prep course is available in the comfort of your home using a detailed presentation that takes you through all the information you will need to pass the exam on your first try. You will have access to this course for a full year so you can study at your own pace. Our course is available 24/7 on mobile and desktop.

Related Books and Materials for This Course

The Arkansas Business and Law exam is open book, and you are allowed to bring tabbed, highlighted references into the exam. To get the most out of our course, we also advise having a copy of the following materials:

Material Covered in Our Online Course

The following references are used on the Arkansas Business and Law examination and are available for purchase from our online contractor’s bookstore or by calling our office at 1-800-952-0910.Test materials are allowed to be tabbed, highlighted, and used during your test.

All materials can be purchased as a complete package here: Arkansas Business and Law Complete Package

 

Package includes the following:

New and Gently Used versions of all reference materials
are available in our online store.

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