What you need to know about RE Exams

PASS YOUR RE EXAMS

RE1 as well as RE5 Exam Workshops

The RE exams can be a challenge to pass and lots of people take the exams more than once before passing. There is a large amount of course material and Lets Study Training Services offers you a workshop where we take you through the process, by doing mock exams can help you pass your exam.

What examination must I write?

Both the RE5 and RE1 are Level One examinations. RE5 is for Representatives and RE1 for Key Individuals. The RE3 examination is for licence category II candidates.

Exam Costs

The FSB determines the fee. Currently it costs R1226 per exam, also in the case of a re-write.

What preparation material is available?

Please make sure that you first read the FSB’s Preparation Guide to see to it you follow the ideal procedure in preparing.

RE Exams

RE Exams – Both the RE5 and RE1 are Level One exams. RE5 is for Reps and RE1 for Key Individuals. Fully updated resources are available for those requiring access to the legislation applicable to the regulatory examinations. Please make sure that you initially read the FSB’s Preparation Guide to make sure you follow the ideal procedure in preparing. Remember that this exam tests your understanding about the laws applicable to the provision of financial advice and intermediary services. The questions are based on extremely specific qualifying criteria set out in the FSB preparation guide.

RE5 Study Material

RE5 Study Material – The amended requirements contained in the 2017 Determination of Fit and Proper Requirements will impact on the content of the study material for the REs.

RE1 Study Material

RE1 Study Material – It appears that numerous candidates underestimate the significance of correct preparation for this professional examination.

There are two standard documents which candidates need to study in order to ensure success:

The FSB recently updated its Level 1 RE Preparation Guide for Key Individuals and also Reps. Without at least reading through this, candidates have no idea of what to anticipate.

RE1 Exam

RE1 Exam – These regulatory exams form part of the competence requirements, and consist of two levels:

Regulatory examinations Level 1: These regulatory examinations must be completed within 2 years of appointment or approval. People currently in the industry appointed or approved between 2004 and 2009 must complete these regulatory examinations successfully by 31 June 2012. People entering the industry from 2010 must complete these regulatory examinations successfully within two years of appointment / approval.

RE Exams Expense

RE Exams Expense – The RE exam expense is R 1226 per examination as well as for rewrites.

FAIS Examinations

FAIS Examinations – The students that are required to write FAIS examinations are reps that work in the insurance sector as well as provide guidance and/ or intermediary services to clients. The most common professions or work positions for the delegates who are attending the workshops are primarily, Sales Consultants, Client Services Consultants, Claims Advisors, Broker Consultants, Underwriting Managers, Retention Consultants, Branch Managers, Team Leaders, and Key Individuals and Sole Proprietors. The learners are required to rewrite FAIS Regulatory Exams (RE) Level 1 (RE 5 or/and RE 1), if they have not passed

Inseta RE5

Inseta RE5 – The content of these regulatory exams are based on the regulatory structure and the regulatory role of the individual, for instance the FAIS Act, Code of Conduct, FICA and so on. Please refer to BN 105 Annexure 1 for even more detailed information regarding the content. These regulatory exams are mandatory and all representatives and also key individuals are required to complete these regulatory examinations.

What Is RE5 Qualification

What is RE5 qualification – All Representatives, including those employed or mandated by an FSP, who provide 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 exam.

Difference Between RE1 and RE5

Difference between RE1 and RE5 – RE1 is a basic exam that applies to all key individuals and sole proprietors in all the Categories. This exam contains 80 questions. All sole proprietors as well as key individuals that are responsible for managing and supervising a company relating to the rendering financial services for FSPs in Category I, II, IIA, III and IV are required to write this exam.

RE5 is all Representatives, consisting of 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 exam.

Regulatory Examination

Regulatory Examination – It is accepted worldwide practice and standard to establish professional examinations for professions. The FAIS regulatory examinations are, therefore, not one-of-a-kind.

RE5 Certificate

RE5 certificate – There are daily requests for duplicates of outcomes, or RE1 certificates and RE5 certificates from candidates who mislaid their own. You can download and install these from the website of the company where you wrote the exams.

RE1 Examinations Study Material

RE1 examinations study material – The Inseta website has been redesigned, and students wishing to download and install the preparation material for the regulatory examinations may experience some trouble in finding it.

How To Pass RE5 Exam

How to pass RE5 exam- The first two will be easiest for those who understand their material well. Levels 3 as well as 4 are usually much longer type questions, requiring much more thinking to reach the right answer.

A simple bit of math will certainly reveal that 35 of the 50 questions in the Representative’s examination are taken from levels 1 and 2. This constitutes 70% of the questions.

When it comes to the Key Individual examination, it is 54 of 80 questions, or 67.5% of the questions.

A longer type of question will take more time to read and answer than a shorter one, yet a right answer for either type of question will only score one point. According to the exam tips from the regulator, the following is a guide to the time allocation per type of question:

– Knowledge: ½ – 1 minutes per question

– Comprehension: 1 – 1½ minutes per question

– Application and analysis: 1½ – 2 minutes per question

This is clearly just a basic guide, yet it helps to know where you can save time, and where you are most likely to spend more time.

register now https://lets-study.co.za/re1-re5-exam-workshop-application/

RE5 Training course

RE5 training course – In truth there is no course for the RE5 qualification. There are however workshops that usually strech over 2 days where you will get the assistance you require to pass your RE5 exam.

RE1 Training course

RE1 training course – In truth there is no course for the RE5 qualification. There are however workshops that usually strech over 2 days where you will get the assistance you require to pass your RE5 exam.

RE Exams Registration

RE exams registration – There are several centers where you can register for the RE exams, the most popular being Moonstone. Some of the workshop providers will also assist you with your registration when attending the workshops.

join our classes- http://re.lets-study.co.za/re-exams-pretoria.html

RE5 Study Material pdf

RE5 study material pdf – The study material for both RE1 and RE5 is available in pdf format from the INSETA website. When attending a workshop to prepare you for the exams you will most likely receive the printed material.

The Financial Advisory and Intermediary Services Act, 37 of 2002, (“the FAIS Act”), came into effect on 30 September 2004. The objective of the FAIS Act is to:

Protect consumers, and Professionalise the financial services industry.

The Act requires all financial advisors and intermediaries (providers) to meet certain competence requirements. At the time, the competence requirements consisted of experience and qualifications. To aid industry participants, the initial qualification requirements needed to obtain a licence to act as a provider were “reduced” from full qualification requirements to skills programmes (or credit requirements) to help those in the industry that did not have any formal qualification as well as those who had to start with studies as a result of the promulgation of the FAIS Act. The intent was always to gradually increase the qualification requirements to the requirement that providers should have full qualifications.

Consequently thereof, the Decision for Fit and also the Appropriate Needs for Financial Services Providers, 2003, had to be assessed. The FSB started an extremely intensive consultation procedure with the industry regarding the competency requirements. A “blank slate” approach was followed. Simply put, the existing Fit and Proper requirements were set aside completely and industry stakeholders were welcomed to provide input as to what requirements would be suitable, reasonable and “workable for them”. Input was likewise acquired regarding what would be a useful and efficient method to implement the requirements, and what those requirements should be? The consultation procedure with stakeholders begun in October 2006 and continued up until September 2008. The consultation was open to any provider, individual, industry associations, professional body etc. Participants were mostly product experts, professional bodies, industry associations, providers, representatives from larger corporate companies, and even training providers that specialise within the financial services industry.

Regulatory examination — It is accepted worldwide practice and standard to establish professional examinations for professions. The FAIS regulatory examinations are, therefore, not one-of-a-kind. The purpose of the regulatory exam is to establish a minimum standard in regards to the following:

Knowledge and understanding regarding the role and responsibilities of a key individual or a representative under the FAIS Act. Although the FAIS Act has been in operation since 2004, it was generally accepted that the level of understanding, awareness and understanding of the responsibilities enforced by the FAIS Act on providers was lacking. This led to non-compliance with the provisions of the FAIS Act for instance; providers did not provide clients with the needed information as required by the FAIS Act.

Providers are further under the misconception that ensuring compliance with the legislation is the responsibility of the compliance officer. This is not the case– the key individual is accountable|liable to ensure compliance with the FAIS Act and also representatives also have specific responsibilities in respect thereof. The compliance officer is responsible for the monitoring of compliance only.

It was agreed that a once-off regulatory examination should|ought to address the problems referred to above, and would ensure that all providers have a proper understanding of their specific regulatory roles. The examinations would be compulsory for everyone rendering financial services to clients. This was also viewed as part of the objective to professionalise stakeholders in the industry and to have confidence that providers know as well as understand the legislation that governs their industry.

You can contact us on 0103007916

House Improvement Tips That Are Sure To Work (2)

House Improvement Tips That Are Sure To Work

Image 343
Source: Flickr

Many people see a problem in their house and immediately think to call a handyman or other professional to take care of it. While this may be necessary for some of the bigger jobs, they are simply too expensive to rely on for everything. Many smaller things can be tackled by you; doing your own home improvement is cheap and easier than you might think. Just follow these tips.

Are you looking for a home improvement that costs almost nothing but adds both curb appeal and value to your home? Enhance your landscape by forming rock walls. The large rocks can be gathered for free. There are several online sites that give instructions on how to form garden paths and stately flowers beds with rock slabs.

Prepare for loss of water use. If you are planning any project involving plumbing and/or shutting off the supply of water to the house, make sure you account for your family’s needs. You should at the very least have several buckets of water available for manually flushing the toilet; or you could consider renting a portable lavatory for longer projects.

Ask about getting discounted supplies from both supply companies and regular home improvement retailers. Items that are discontinued or end of the line will cost you less as long as there is enough for you to complete your project. Also consider sales when designing your project to keep your costs low.

Research the costs of your home improvement project before you go to a contractor. Visit a home supply store to cost out the products that will be needed to complete the renovation. When your contractor gives you a quote, subtract the costs you figured out and that will tell you how much he’s charging for labor.

A great tip for any do it yourself home improvement homeowner is to take some classes at your local home improvement store. The big home improvement stores want your business, so they offer classes on how to do everything from painting walls, to installing tile floors. Take some classes and learn the basics before you dive into your next home improvement project.

Brighten up your kitchen with new cabinet knobs and handles! Cabinet knobs are easy to install and they do wonders in sprucing up a tired looking kitchen. When you remove your old knobs and handles take the opportunity to clean the cabinets inside and out because it’s a lot easier without the hardware snagging. Screw on your new knobs and you’re finished!

An inexpensive way to improve your home with a small cost is to plant a tree. Future landscaping will help maximize the value of your home. The tree you plan now will grow into a great mature shade feature. A properly placed tree can also save on your cooling costs by as much as 40 percent.

With these tips, you should have a good idea of what to do for basic home improvement. By using the advice given, you can save a lot of money and feel more accomplished in your home. Whether you’re repairing something broken or adding something entirely new, you can save money and take pride in doing your own home improvement.

Improvements To Increase The Energy Efficiency Of Your Home (5)

Improvements To Increase The Energy Efficiency Of Your Home

For many of us, our home represents our greatest financial asset. Although many people believe that home repair is something that only trained professionals are capable of doing, that is often far from the case. Many home repair jobs can easily be done by the average person, with just a little guidance.

Building a basketball court on a portion of ones property can give it an edge on the real estate market. It will also provide a safe, close, and always open area for any of the people living in the house to play on. Friends and family will always have something to do when visiting as well!

Plug in some motion sensing night lights. At a minimum, you should consider plugging in one in every strategically located outlet between your bedrooms and the bathroom. You can now obtain these lights at the dollar stores for very reasonable prices. Think of the reassurance they will provide!

Make the plans for your home improvement project measure up to the standard sizes of supplies available at the store. For example, you’ll be buying wood that comes in even lengths measured by feet (4, 6, or 8). Try to make your project fit those measurements so you don’t have to do a lot of cutting.

Improve your front entrance curb appeal by adding oversized house numbers and a large size light fixture. Making your entrance eye catching and appealing will increase the value of your home and the homes around you. If your neighbors like your improvements, they may try it themselves and increase the value of the whole neighborhood.

If you are looking to add some value to your home, you can create a new looking kitchen by resurfacing your cabinets. By simply sanding down the old cabinets in your home and staining them with a fresh new finish, you can increase the value of your home fairly dramatically.

Paint worn kitchen floors. If you have a wood floor in your kitchen, it will suffer a lot of abuse over the years. If it gets to the point where sanding and re-staining won’t do the job, try painting it. A coat of oil-based outdoor paint is strong enough for everyday wear, and it will give your kitchen a cottage feel, which is very fashionable nowadays.

When it comes to home improvement, you may decide to not install a swimming pool. While they are desirable, it will cost you considerable amounts of money in upkeep, and it may prove to be a deterrent to future buyers who do not want the hassle. An exception to this would be at a home where a swimming pool is almost expected, such as in Florida or Arizona.

Your home is one of your most valuable financial assets, and it is the place where you spend a majority of your time. So the next time you spot something that could use a little maintenance, you owe it to yourself, and to your wallet, to try your hand at fixing up your home!

A Concrete Way To Raise Your Home’s Profile

A Concrete Way To Raise Your Home’s Profile

2 Pool Shade (9)
Source: Flickr


Increasingly, homeowners looking for an inexpensive way to make their home more livable and increase curb appeal with an eye toward resale are embracing the nationwide trend of creating outdoor living spaces.

These areas usually feature spaces for entertaining friends and family while grilling, dining, eating and relaxing. That often means room for a patio, a grill, a sink or a fireplace. Some think of it as adding a family room without the roof. At times you would need to consider long term pest control to ensure insects don’t damage your property.

For many, the building technique of choice when creating these spaces calls for using segmental concrete paving. This technique employs interlocking units-called concrete pavers-that are strong, durable and are growing in popularity worldwide. In Germany, for instance, there are 15 square feet of pavers installed per person annually. In the Netherlands, most of the streets and sidewalks are made of pavers.

Often used in walkways, patios, plazas and historic restoration projects, pavers are manufactured in a variety of shapes, textures and colors and can be easily removed and reinstalled.

One kind of home-improvement project where pavers are increasingly being used is a raised patio. These patios are known for their durability and can create a new sense of space in a yard, particularly when extended to meet an existing deck. Such spaces can be used as an outdoor entertainment area, complete with hot tub or barbeque pit.

There are a number of reasons why pavers have become popular in projects such as these:

• Their uniform size and quality allow them to fit tightly together for a strong, interlocking surface.

• Paver joints allow for a small amount of movement without cracking. That means they won’t crack like asphalt or poured-in-place concrete.

• Their design makes them easy to install and repair

• They’re available in a wide variety of shapes, colors and textures.

• And they can be installed by either a professional or a skilled do-it-yourselfer.

One of the newest styles offers the high-end look of stone for a more modest price. Called “tumbled” or “antiqued” pavers, they can be used to add a stately look to a walkway, patio or driveway.