CeRER – The Certificate in Regulated Equity Release Training Course Information
The CeRER – Certificate in Regulated Equity Release is an additional qualification that will enable existing CeMAP qualified mortgage advisers to give advice in Equity Release. The CeRER meets the FCA regulatory requirements. It is a Level 3 qualification registered with Ofqual in the Regulated Qualifications Framework (RQF). The registration includes an exam fee of £220.00 and the awarding of the qualification on successful completion of the exam, this is payable separately and paid direct to the LIBF. To gain the CeRER qualification candidates must already be CeMAP (or equivalent) qualified.
The Equity Release module is assessed through a single 2-hour multiple choice exam, split into two units:
- 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. The LIBF is now rolling out the ability to sit the professional exams via remote proctoring, this enables students to sit their exams from the comfort and safety of their own homes.