Tennessee Business and Law Exam

(2 customer reviews)


This business and law practice test includes the following:

  • Practice Exams
  • Math and Calculations
  • Study Tips
  • Licensing Information
  • Instructor Support

*The Business and Law Exam must be passed to become a licensed contractor


Course Overview

Description, benefits & features

This course is made up of a detailed presentation that takes you through all the information you will need to pass the exam on your first try. A contractors License in Tennessee is required for projects that exceed $25,000. Anyone seeking to become a contractor in Tennessee is required to sit for two exams, business and law and the trade. Topics in our online course include bidding and estimating, contract management, liens, tax basics, insurance bonding, scheduling and project management, employee relations, financial management and more. @HomePrep is a National Leader in online education. With over 100,000 satisfied students and a course catalog of over 1,000 classes, we are here to help you – Invest in Yourself.

How Do I Get My License?

  1. Purchase the Exam Prep Course — and then study!
  2. Pass the exam with a 73% or higher.
  3. Submit your application, licensing fee and proof of insurance (when applicable).
reviews and testimonials
  • I use your company every renewal cycle for my continuing education hours, and you guys make it simple and efficient – I will continue to be a repeat customer of @HomePrep.

    Gina S
  • 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.

    Ken R
  • I received my book order promptly. Thank you so much for all your help. We will definitely be buying more books from you guys in the future….you make the process easy.

    Bill S
  • I have finally experienced customer satisfaction in the highest form. You guys are so much more than a voice or words on the other side of the phone or screen, you are all real people who really care!

    Soo C

Books and References for the Exam

The following references can be taken into the Tennessee Business and Law Management Exam. These references are available for purchase from our online contractors’ bookstore.

Applying for Licensure

To apply, contact the Tennessee Board of Licensing Contractors at 1-615-741-8307. A non refundable fee of $250.00 per License type will be required.

Exam Details

  • A 73% is required to pass.
  • 50 questions.
  • The fee for the exam is $57.
  • You will have a total of 140 minutes to complete the Tennessee Business and Law Management Exam.
  • Topics on the exam include:
    • Licensing Requirements
    • Estimating and Bidding
    • Business Organization and Financial Management
    • Tax Laws
    • Labor Laws
    • Project Management and Lien Laws
    • Contracts
    • Risk Management
    • Environmental and Safety
  • To schedule your exam with PSI go to PSI Online – One stop Solution for Test Takers (psiexams.com). Or, contact PSI at 1-855-746-8173.

5 out of 5 stars

2 reviews

Student Reviews

  1. Brock Snowden

    Super Helpful!

    (verified owner)

    I haven’t taken the actual test yet, but even after reading through the entire book beforehand, this has made it so much easier to find the areas of the guide that pertain to the questions. The practice exams are a must! Thanks @HomePrep!

    (0) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

    • Natalie Miller

      Brock, Thank you for your review! We appreciate it. Good luck on your exam.

      (0) (0)

      Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

  2. One person found this helpful
    Daniel Brewer

    3rd time charm

    (verified owner)

    I took the test twice scoring 70 and 72 with 73 being passing. Decided to come off my pocketbook and give this course a try. After following the highlighting guide and taking two practice tests yesterday, I passed today with a 78. Wish I’d had time to take more practice test. It still took me every last minute of the 140 minute exam. The questions on the exam really make you think about wording and calculations. Take the practice test until you are familiar with chapter location for each topic.
    Good luck friend, DB.

    (1) (0)

    Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

    • One person found this helpful

      Thank you for your review! We are so glad it helped you pass the course. We appreciate you.

      (1) (0)

      Something wrong with this post? Thanks for letting us know. If you can point us in the right direction...

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