Organisation cash advances are an unique funding technique. It’s a purchase of future credit card sales, not a loan, so we have to utilize specific language consistent with purchase of future credit card sales, like payback rate and discount rate instead of commonly utilized interest rate on bank loans. Merchant cash loan are a lot like factoring but are based upon a sale that hasn’t occurred right now.
A company cash advance lending institution gives business owners a sum of cash advance up front. In exchange, business owner accepts pay back the primary amount plus the charge, by giving the lending institution a day-to-day portion of their visa and master card sales till the repayment is completed.
Some lenders need just an application and paperwork of month-to-month credit card sales. Other lenders need these in addition to bank declarations, lease agreements, image IDs, voided checks, etc.
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.
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 – 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 – 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 – 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 – 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 – 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 – 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 – 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
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.
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.
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.
The pass mark for RE exams is 65%, for the RE5 that is 33 correct from the 50 and for RE1 it is 52 of the 80 questions.
The exam papers are computer generated from a question bank which means that each paper is different. With the volume of questions available, similar to a lotto, there are millions of variations.
So unlike other exams, studying mock exams only gives you an idea of what to expect, the chances that you will see even one of the questions from a mock exam are highly unlikely.
This is why it is so important to know and understand the material.
Once you have that right any question thrown to you will be much easier to answer…
And in addition if you know the sequence in which to answer the questions (that always remains the same) it is easier to answer. Each section has questions that are always in the same order but they are mixed within the exam paper.
Your Study Material
When you attend the workshop you will receive the latest study guide in printed format with the latest updates. The study guides are exclusive to us and you will not get them from any other provider.
To pass the exam you ONLY need the study guide, there is no need to purchase any other book or material.
The RE5 study guide consists of 78 pages and the RE1 study guide has 114 pages. Because the material is condensed into exactly what you need it cuts down enormously on your study time and you can get more time to do the things you like… which I believe you will certainly prefer to do, right?
If you, or someone that you know, suffers from snoring, then you are probably looking for a way to cure it. While the actual causes of snoring vary from obesity, sleeping on the back, allergies and more, the majority of sufferers simply want to know how to correct the problem rather than what caused it.
Many anti-snoring devices are designed to help sufferers stop snoring and start resting.
Natural snoring remedies including sleeping on your side, ridding your home of allergens, losing weight if recommended, etc. If none of these remedies seem to work, many sufferers immediately turn to a variety of surgical procedures for their snoring solution.
However, these types of procedures are invasive, uncomfortable and may not be necessary in all cases. Before turning to surgery, consider the use of anti-snoring devices.
With the retail market being what it is, there are many anti-snoring devices that claim to solve this problem or cure that one but, when looking for legitimate anti-snoring devices, always look for something that has either been directly recommended by your doctor or is labeled as being doctor recommended.
This is very important in identifying the quality anti-snoring devices from the rest of the pack so to speak. One anti-snoring device, which is currently available, is known as the Sleep Genie. This product, as it is fittingly titled, typically works it’s magic during the first use.
The product provides a comfortable support for the jaw while allowing the mouth to remain closed through the night. Have you ever tried to snore with your mouth closed? Exactly. No luck, right? That is why the Sleep Genie has been identified as being doctor recommended. It provides a medicine-free, non surgical way to end snoring.
If the sufferer continues to have problems even after using quality anti-snoring devices, a physician may need to look for the possibility of sleep apnea. This is a very serious medical condition which, if left untreated, can lead to other health problems.
With sleep apnea, the snoring sufferer often stops breathing completely throughout the night and is therefore at risk for various health problems. A proper diagnosis for sleep apnea can only be made by a physician.
This article is intended for informational purposes only. It should not be used as, or in place of, professional medical advice. Before beginning any treatment for snoring, please consult a doctor for a proper diagnosis and remedy.