Welcome to our FREE RE5 Online Mock Exam. We have prepared 20 questions to test your knowledge and understanding of the RE5 Exam content.
The Free RE5 Online Mock Exam option gives you a limited amount of questions, 20 questions, to test your understanding and knowledge of the RE5 Content. If you need more practice, feel free to complete order of our Online Mock Exam full package.
How do I register for the FREE re5 online mock exam?
To get access to the free mock exam complete the form below. Once we receive your details you will be manually loaded on the learning platform. You will receive two emails, the emails will give you more details and your login details to access the FREE RE5 Online Mock Exam.
General FAQs about RE5 Exam
Where can I write the RE5 Exam?
The RE5 exam is written exclusively through an institution called Moonstone. Exams are written at various Moonstone offices across South Africa. You can register for the RE5 exam here.
What is the cost of the RE5 exam?
The RE5 exam fee is R1 226 per exam
What is the format of the RE5 exam paper?
The RE5 exam is a Multiple Choice Question (MCQ) exam consisting of 50 questions.
What is the RE5 exam pass mark?
The pass mark for the RE5 exam is 66%.
How long after writing the RE5 exam do I receive my results?
Results are sent via email a within 2 to 3 days after the RE5 exam was written.
Where can I find RE5 study material?
RE5 study material can be find HERE. including the FREE re5 online mock exam which is the subject of this page.
How many times can I write the RE5 exam if I fail?
From the date of first appointment as a representative, you have 2 years to pass the RE5 exam. Not passing within the 2-year period will lead to removal from the representative register.
What is sufficient time to study prior to writing the RE5 exam?
We recommend that you give yourself at least a month to study before writing the RE5 exam.
Example of the RE5 Exam
RE5 mock exams contains five practice exams that are almost identical to the official RE5 exams. Each exam has fifty multiple choice questions with four options to choose from. The end of the test your results are shown. On the start page a summary of your progress is also shown.
How long is the RE5 Exam
The RE exam is a 2-hour long paper.
FAQs about RE5 Exam training
Preparing for the Regulatory Examinations (RE5/RE1) can raise several questions for individuals looking to enter or advance in the financial industry. In this blog post, we address some common FAQs related to the RE5 and RE1 exams, providing clarity and guidance to help you navigate this crucial aspect of your career journey.
FAQs About Regulatory Examination Training:
- What is the difference between RE5 and RE1?
RE5 is specifically designed for representatives, while RE1 is intended for Key Individuals in the financial industry. RE5 serves as a fit and proper requirement in terms of competency according to the FAIS Act, while RE1 is an additional requirement for persons seeking approval as Key Individuals from the FSCA (Financial Sector Conduct Authority.).
- Why do I need to pass the RE5 exam?
The RE5 exam is essential for representatives of Financial Services Providers offering financial services to customers. It serves as one of the qualifying criteria to work as a representative, ensuring a certain level of knowledge and competence in the industry.
- How long does it take to prepare for the RE5 exam?
It is recommended to allocate approximately three months for thorough preparation for the regulatory examination. This timeframe allows ample opportunity to study and familiarize oneself with the exam content and requirements.
- Is the RE5 exam difficult?
The RE5 and RE1 exams demand diligent study and preparation due to the complexity of the exam papers, which include multiple-choice questions. While the difficulty level may vary for each individual, dedicating sufficient time and effort to preparation is crucial for success.
- Can I prepare for the Regulatory Examination on my own?
While it is possible to prepare for the exam independently by studying the relevant legislation, many individuals find it challenging to pass without supplemental training. Additional training resources and courses can provide valuable guidance, exam-focused materials, and structured learning to enhance your chances of success.
- Where are the exam centres for the Regulatory Examination located?
Moonstone, the approved examination body, has established various exam centres across South Africa for the convenience of exam candidates. These centres are strategically located to ensure accessibility to individuals nationwide.
- Can I take the Regulatory Examination online?
No, the Regulatory Examination is a supervised, sit-down, closed-book exam and cannot be taken online. Candidates are required to complete the exam in a controlled environment to maintain integrity and fairness.
- What is the pass mark for the regulatory examinations?
To pass the regulatory examinations, candidates must achieve a minimum score of 65%. For the RE5 exam, this translates to answering at least 33 questions correctly out of a total of 50. The RE1 exam requires a minimum of 52 correct answers out of 80 questions.
- Do I need to complete both RE5 and RE1?
No, Key Individuals are required to complete the RE1 exam as a mandatory requirement. However, representatives are only required to complete the RE5 exam. It’s important to note that Key Individuals providing advice are exempt from completing the RE5 exam.
Navigating the Regulatory Examination process can seem daunting, but with the right information and preparation, you can confidently tackle the exams. Understanding the differences between RE5 and RE1, allocating sufficient preparation time, and considering additional training options can significantly enhance your chances of success. Remember, the goal is to demonstrate your knowledge and competence in the financial industry, paving the way for a rewarding and fulfilling career. Start with our FREE re5 online mock exam to test your knowledge and understanding of the RE5 Qualifying criteria.
