Obtaining a contractor’s license opens up many opportunities, including unlimited earning potential and good job flexibility. Contractors are highly in demand in many states, including Tennessee. However, before you begin bidding jobs and gathering your tools, you’ll need to complete the state’s licensing exam. We have compiled a few tips to help you study well and get your license in no time.

Understand the Requirements

Evaluating the specific requirements for the exact license you want to hold is always a good idea. Not only do licensing requirements vary depending on the state, but also on the license type.

For example, in Tennessee, the Residential Contractor License (BC-A) allows you to work on construction or remodeling projects of up to four-family residences that don’t exceed three stories in height. A Residential/Small Commercial Contractor License limits your work to projects valued under $1.5 million. Tennessee contractors who complete specialized work also require a different license, including electrical, plumbing, mechanical, or HVAC work.

Choose the Right Exam Prep Class

The next step toward obtaining your contractor’s license is to choose an exam prep class. The test can be in-depth and requires that you put in a good amount of studying and preparation. Make sure you choose a class that provides you with all the knowledge and resources you need to study. Rocket Cert offers some of the best Tennessee contractor’s license prep classes because it offers lifetime access to study materials. Classes are also led by experts who work in the industry. The company offers prep exams, which help you strengthen your test-taking skills.

Designate Time for Class and Studying

Make sure you set aside enough time for class and studying. The great thing about the Rocket Cert classes is that you can learn on your own schedule. Classes are available online 24 hours a day and seven days a week. You can easily access them from your smartphone, laptop, or tablet, meaning you can attend class on work breaks or even while you’re cooking dinner.

Ensuring you have the right tools for learning can also be helpful. Make sure you have a good working laptop with a good connection. Of course, many online classes now allow you to use your smartphone to access lessons. Some aspiring contractors may qualify for low-income phones, like the Lifeline.

Give Yourself Ample Time To Take the Exam

After completing the class and studying, it’s time to schedule and take the exam. You can schedule your Tennessee contractor’s license exam by contacting PSI at 800-733-9267. Most states, including Tennessee, have a lot of testing centers to choose from. Make sure you give yourself enough time to complete a prep class and study before your upcoming exam date.

Obtain the Minimum Insurance Requirements Before Applying

Once you successfully complete your exam, you’re not quite done yet. Tennessee and most states require that you submit a few important documents. One of these documents is proof of insurance. The state requires general contractors to have a general liability and workers’ compensation policy. Some general contractors may also require a commercial auto insurance policy.

Submit All the Required Documents

Most states also require contractors to submit a financial statement. This document should come from a Certified Public Accountant (CPA) or Licensed Public Accountant (LPA) and should include either an audited or reviewed financial statement. The financial statement includes license size, monetary limits, owner and officer experience, and current assets.

Make Sure You Sign and Submit the Application

After completing all these requirements, you’re ready to submit your application to become a Tennessee contractor. Make sure you sign and notarize your application. You can also expect an application filing fee, which varies depending on the state. Tennessee applicants can expect a $250 application fee.

On average, it can take the board between four to six weeks to review your application. If you don’t hear anything after six to eight weeks, consider reaching out to inquire about your application. Once approved, the board will mail your license certificate, including your ID number, classification, and expiration date. Your license also includes your monetary limits, which are determined based on your license type. If you change your monetary limits or financial statement, you’ll have to notify the board to request an amended license.

Make sure you keep up with continuing education requirements. Tennessee requires licensed contractors to complete eight hours of continuing education every two years.

Becoming a contractor in Tennessee (and most states) requires that you hold a legal license. To obtain a license, you’ll need to choose an exam prep class, sit for the exam, submit your financial and insurance documents, and then apply for your license. This process ensures all contractors in the state are financially and industry-prepared to complete repairs or renovations.