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What Is the Series 7 License? Definition, Cost and Requirements. All registered representatives and stockbrokers must pass the Series 7 exam. Here's what the process looks like to obtain the license.
12 Σεπ 2023 · The cost of the Series 7 exam is $300. What is the Series 7 license? The Series 7 license is the license that entitles the holder to solicit, purchase, and/or sell all types of securities products, except for commodities and futures.
19 Οκτ 2023 · It consists of 125 multiple-choice questions designed to examine the candidate on the four key responsibilities described above. The exam will last 225 minutes (3 hours 45 minutes) and cost $245. The passing mark for the exam is 72 percent, which means the candidate must correctly answer at least 90 questions.
2 Αυγ 2023 · A few other key pieces of information about the exam include: It is considered a necessity for entry-level brokers. The license does not cover selling real estate or life insurance packages. Most states require that the Series 7 license be obtained in conjunction with a Series 63 license.
The Series 7 exam — the General Securities Representative Qualification Examination (GS) — assesses the competency of an entry-level registered representative to perform their job as a general securities representative.
In the United States, the Series 7 exam, also known as the General Securities Representative Exam (GSRE), is a test for entry-level registered representatives, that demonstrates competency to buy or sell security products such as corporate securities, municipal securities, options, direct participation programs, investment company products and ...
21 Αυγ 2024 · What is Series 7 Exam? The Series 7 license exam is the General Securities Representative Examination (GS). It tests a candidate's knowledge to sell securities, municipal bonds, investment company securities, variable annuities, direct participation programs, options, and government securities.
