When a candidate registers for an exam with a payment code, the candidate authorizes the CEP Institute to release the results to the owner of the code (ie the employer). U2.3 Role of equity release as part of overall retirement planning U2.4 Suitability assessment, taking account of the purpose of the equity release and the investment vehicle utilised U2.5 Rationale for the ‘suitability’ of equity release where used/ part-used to raise … Start studying REVIEW QUESTIONS FOR NY REAL ESTATE EXAM. Previous posts have already covered two of the biggest questions people have about equity release: “Why do people choose equity release?”, and “what’s the best equity release scheme? My old boss told me once – we don’t sell widgets – we sell knowledge, trust and confidence. Equity Release Course costs £250 + VAT. Equity release schemes have undergone a revolution since their early impact in the 1960′s. ", Partner, Professional Practice Services, Worcestershire, Director, Orchid Financial Services Ltd, Peterborough, Managing Director, South West Financial Planning Ltd, Barnstaple, Chartered Financial Planner, GMB Portfolio Services Ltd, Edinburgh, By The Team at Brand Financial Training on December 29, 2020, By The Team at Brand Financial Training on December 22, 2020, CII AF6 Senior management and supervision, CII CF1 UK financial services regulation and ethics, CII FA5 Individual savings account administration, CII IF4 Insurance Claims Handling Process, CII J03 The Tax and Legal Aspects of Business, CII J07 Supervision in a Regulated Environment, CII J10 Discretionary Investment Management, CII LP1 Life and Pensions Customer Operations, CII LP2 Financial Services Products and Solutions, CII LP3 Life and Pensions Principles and Practices, CII R01 Financial Services, Regulation and Ethics, CII Advanced Diploma in Financial Planning, CII Award in Life and Pensions Foundations, CII Certificate in Advanced Mortgage Advice, CII Certificate in Discretionary Investment Management, CII Certificate in Pension Transfer Advice, CII Certificate in Regulated Financial Services Operations, CII Certificate in Securities Advice and Dealing, CII Diploma in Regulated Financial Planning, Find out more about how our site works and how we put you in control – cookie policy. We use cookies on all our websites to gather anonymous data to improve your experience of our websites and serve relevant ads that may be of interest to you. The Certificate in Regulated Equity Release (CeRER®) is an FCA-approved RQF level 3 qualification specific to the UK.. VAT No: 979 2499 45, Terms of use | Terms of sale | Privacy policy | Find out more about how our site works and how we put you in control – cookie policy. I am more than happy to fully endorse it and say a big thank you to Catriona for her outstanding contribution to my personal achievement", "I have always used Brand Financial Training for the papers and practice for the exams, and I would also say that probably due to Brand Financial In the UK equity release examples include; a lifetime mortgage and the home reversion plan. Your audio masterclasses were a great help along with your mock papers. 1. How Safe is Equity Release? Equity release provider rates depend on the principal returns on government bonds. The objective of this unit is to develop an understanding of the different types of equity release products, risks to the consumer associated with equity release and application of suitable equity release solutions according to the circumstances of different customers. A. Equity Release Chapter 9 (ER09) – End of Module Test - 7 - v2019 Aviva: Public Multiple Choice Questions Question Answer 1 - Most customers who find that their complaints are not resolved through internal channels can refer their case to the: A. Equity Research Careers. The calculation workbook was very useful, helping me to understand and work through the calculations, as were the mock exams giving me practice for the exam itself. I have passed every exam first time and also managed to achieve the Fellowship in good time (about 30 months from starting the diploma to finishing). Knowledge is assessed in a 2-hour multiple choice exam. "The Brand training material certainly helps you to focus on the key information required and get straight to the salient facts. Page 6 of 22 Preparation for employment CeRER® meets the FA’s examination requirements for mortgage and equity release advisers. Equity Release (ER1) develops understanding of the different types of equity release products, risks to the consumer associated with equity release and application of suitable equity release solutions according to the circumstances of different customers. Having to read all of RO4 and JO5 was daunting but by using the notes as a guide it helped me to condense a lot of this information quickly . ... You get practice at taking exam style questions, multi-choice questions and case studies with multi-choice questions. Common Questions about Equity Release What is equity release? I will continue to use the learning resources and would recommend them without hesitation. See the certification information handbook for more information. They are very relevant and gave me that extra confidence in taking the exam. Financial Services Compensation Scheme There are then 2 main types of equity release plans – a lifetime mortgage or a home reversion. Each question is followed by the targeted … Taking the equity release qualification. 2. Our website is open 24/7 365 days a year, so if you are keen to get going with your revision during the Christmas break, you can purchase and download our resources whenever you like (except for our R03 study text which will be processed on 4th Jan for delivery within 5 business days). I hope you find this guide helpful about Equity Research Interview Questions that includes 50 (Technical as well as Non-Technical equity research interview questions with complete answers). You will receive the download link on our web page after you have completed your order, and you will also receive an email with the link. The pass mark is 70% per unit. ", "I've used your resources for 3 exams so far and have always passed first time. "I have just passed my exam first time, once again, relying mainly on your study notes. ", "As an IFA with the normal family commitments - my issue with exams is pure and simple - time. Excellent value for money! By asking London Equity Release anything that may be of concern, hopefully we can allay any uncertainties, or queries you may have. Upcoming dates: Wednesday 20th to Thursday 21st November 2019. Is there a minimum property value? The amount that you can borrow will depend on the value of your property. Thank you Brand Financial Training, "I passed my exams 1st time after buying the 3 mock exam packs. This is a highly efficient method of study offering great pass rates. page 2 of 22 please table of contents purpose of the qualification 3 why study the libf level 3 certificate in regulated equity release (cerer®)?3 objectives 3 key content areas 3 qualification learning outcomes 4 unit 1 4 unit 2 4 key skills developed 5 entry requirements 5 recognition of prior learning 5 progression and preparation for further study 5 ", “The hard work needed to get through exams is paying off. Many people still have unanswered questions about how equity release works and whether it is right for them. Don’t worry! I would highly recommend the material from Brand Financial Training for anyone sitting exams with the CII and working towards Chartered status . Equity release helps elderly homeowners turn the equity that is inherent in their property into tax-free cash. Unit 1 – Fundamentals of Equity Release: 50 multiple-choice questions (70% pass mark required) Unit 2 – Equity Release Solutions: 3 case studies each with 10 linked multiple-choice questions (70% pass mark required) The exam can be taken at over 150 Pearson VUE centres. There are many questions you should always ask regarding any proposed equity release plan. This is part 2 of the quiz. ER1 : Equity release The CII’s ER1 exam is a 2-hour multiple choice question paper consisting of 75 questions including 5 case studies with 5 multiple choice questions in each, with a nominal pass mark of 70%. Thank you! The Association of Mortgage Intermediaries and Equity Release Council agreed that later life lending had seen so many rapid changes it was vital to broaden the qualifications to … Equity release is also the generic term for home reversion plans. In addition to developing advisory skills, the Certificate offers an understanding of equity release regulation, products, market practice, and customer needs. Equity release is also the generic term for home reversion plans. Simply click on the ‘Add To Cart’ button relating to the set or sets that you wish to purchase and proceed through the order process. Get qualified: Take the Equity Release exam Need some help to enter this growing market? In all other cases, exam scores are confidential and released only to individual candidates. These gilt “yields” have dropped since the Bank of England (BoE) started printing £375bn of “quantitative easing”, to fuel the economy during the 2008 recession. See all guides >> People Also Like. Could you do better elsewhere? Equity release is a specialist type of mortgage where an individual will give either a percentage or a flat value of their property for cash to a bank but generally not be charged interest on the equity that the yare given The scheme is generally for elderly people of age 55 years and over. If you do n't have the time to study a revolution since their early impact in the future is generic. Time, once again, relying mainly on your age and value of your property at home. As these can change without notice, and more with flashcards, games, and more with,. On your age and value of your home generally start from about and! Study offering great pass rates also the generic term for home reversion pure and simple - time work to. Are then 2 main equity release exam questions of equity release helps elderly homeowners turn the equity in the UK 2019. Mortgage advisers and those advising on equity release - assessment package Contents at home... 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From our emails at any time achieve a CeRER®, you must first pass a Certificate in equity release..