The RE5 Practice Tests are designed to help you see how prepared you are to write your actual RE5 Exam. To make sure that you do well in your mock exams, you should prepare as if you are going to write the actual exam. Our platform was developed with the purpose of making the study process for the RE5 Exam simple and engaging.
Practice Tests – Frequently Asked Questions
What Happens if U fail The RE5 Practice Tests?
This is not an official exam, it’s a self-help exam that you write to practise for the actual exam. If you fail a mock exam, it simply means that you need to study harder so that you can do better in you real exam.
What are the benefits of the RE5 Practice Tests?
Preparation – this is the main aim of the RE5 practice tests. Some of the benefits provided by the re5 mock exams include:
- Ease into the Exam Setting
- Getting familiar with the RE5 Exam Questions
- Using Your Time Wisely
- Practice Makes Perfect
- Find Your Weakness – identify what would stop you from passing the RE5 Exam.
The Structure of our Online RE5 Practice Tests
Free Exam
Start your preparation now.
- This exam is made up of 20 questions
- You need to be logged in to take the exam.
- Click on the button below to register
Topic Specific Exams
Cover the key topics of the RE5 content.
- 60% of the RE5 questions are linked to 4 topics.
- We designed exams that are linked to the each of Four key topics
- This category contains four exams made up of 50 questions
Combined Exams
Take preparations to the next level.
- This category contains two exams with 50 questions each.
- Covers all the RE5 Exam content
- Designed to test your readiness for the real exam
What is RE5 Qualification?
What is re5 qualification – All Representatives, including those employed or mandated by an FSP, who render a financial service to a client (excluding a person rendering clerical, technical, administrative, legal, accounting or other service in a subsidiary or subordinate capacity which does not require judgment or does not lead to a specific transaction in respect of a financial product in response to general enquiries) are required to write this examination.
Difference Between RE1 and RE5
Difference between RE1 and RE5 – RE1 is a general examination that applies to all key individuals and sole proprietors in all the Categories. This examination consists of 80 questions. All sole proprietors and key individuals who are responsible for managing and overseeing a business relating to the rendering financial services for FSPs in Category I, II, IIA, III and IV are required to write this examination.
RE5 is all Representatives, including those employed or mandated by an FSP, who render a financial service to a client (excluding a person rendering clerical, technical, administrative, legal, accounting or other service in a subsidiary or subordinate capacity which does not require judgment or does not lead to a specific transaction in respect of a financial product in response to general enquiries) are required to write this examination.
Why are the regulatory exams necessary?
It is one of the fit and proper requirements for Financial Service Provider Licence holders, for Key Individuals and for Representatives who work in Tier 1 products.
To gain knowledge and understanding regarding the legislation governing the role and responsibilities of Key Individuals and Representatives under the FAIS Act.
Will the RE5 Workshops guarantee that I will pass?
No – no training programme can but at Sirah Business School we do our best to assist and support our learners. Our programme will give you the structure of the content, indicate where the priorities lie and clear up the main concepts. It will also give you an understanding of the style of the questions and the nature of the examination. However, it is up to you as well to study the legislation and put in the necessary work to prepare for the exam.
