How To Schedule the Series 7 Exam? Prometric and FINRA Sign Up Procedures
If you are planning to take the Series 7 exam, you will need to sign up with Prometric, which is the company that administers the test. The process is simple and can be done online. First, create an account on Prometric’s website. You will need to provide some personal information, including your name, address, and contact information. You will also need to create a username and password. Once you have created an account, you can log in and begin the registration process. During this process, you will be asked to select a testing date and time, as well as a testing location. You will also need to pay the registration fee. Stay tuned and keep reading, because in this blog post, I’ll show you step by step, how to schedule the Series 7 exam.
How to Schedule Your Series 7 Exam As Soon As Possible
After you have registered, you will receive an email confirmation. This email will contain information about what to expect on test day, as well as a link to the online practice exam.
Prometric offers a variety of testing accommodations for those with special needs. If you require any accommodations, you will need to submit a request at least 21 days before your scheduled test date.
FINRA also has a sign-up process for the Series 7 exam. Visit FINRA’s website and create an account. You will need to provide some personal information, as well as create a username and password.
Once you have created an account, log in and click on the “Registration” link. During this process, you will be asked to select a testing date and time, as well as a testing location. You will also need to pay the registration fee.
After you have registered, you will receive an email confirmation. This email will contain information about what to expect on test day, as well as a link to the online practice exam.
You can find more information about the Series 7 exam on FINRA’s website.
How Does the Series 7 Exam Compare to The Series 66 Exam?
The Series 7 and 66 exams are both administered by FINRA. The Series 7 is a general securities representative license, while the Series 66 is an investment adviser representative license.
Both exams require passing a multiple-choice exam and a sponsor firm’s internal training program. The Series 7 exam is longer, with 250 questions, while the Series 66 has 150 questions. The content of the exams also differs, with the Series 7 focusing on topics such as stocks, bonds, and options, while the Series 66 covers investment strategies and ethics.
The cost of the exams also differs, with the Series 7 costing $320 and the Series 66 costing $155. Prometric administers both exams.
What is on the Series 7 Exam? Is The 7 Harder Than the 66?
The Series 7 Exam covers a wide range of topics including:
-Economics
-Financial statement analysis
-Valuation models
-Asset classes
-Investment vehicles
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-Risk management
-Taxes and regulations
-Ethics
The Series 7 is considered to be more difficult than the Series 66, due in part to its longer length and more comprehensive coverage of topics. However, both exams require a significant amount of study and preparation.
Series 7 Exam Sample Question, Final Thoughts
1. Which of the following is NOT an asset class?
A. Stocks
B. Bonds
C. Mutual Funds
D. Real Estate
The correct answer is D. Real estate is not an asset class, but rather a type of investment. This is one of the easy level questions on the test. Good luck on the exam, and keep studying and taking practice tests until you are consistently hitting 85%!
Sources:
https://www.bankrate.com/banking/cds/cd-rates/
https://money.cnn.com/data/markets/
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