R 199
16 Mar 2025
RE5 Exam Question
Nthabiseng provides a client with verbal financial advice on investment products during a call. The advice is not recorded, and no follow-up document is sent. What FAIS requirement has Nthabiseng MOST LIKELY violated?
a) She failed to quote prices in writing.
b) She did not submit a FICA verification.
c) She did not create or provide a Record of Advice.
d) She failed to register the advice with the FSCA.
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RE5 Exam (Set 2)
R 199 Add to cart15 Mar 2025
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Thuli is a newly appointed representative at a brokerage firm. She has not yet passed her RE5 exam but is already advising clients on short-term insurance products without any oversight. Which FAIS requirement is MOST LIKELY being violated?
a. Representatives can advise clients before passing the RE5 as long as they are honest.
b. Representatives must be under supervision until all competency requirements are met.
c. Only the FSP, not the representative, is liable for non-compliance.
d. Supervision is not necessary for representatives dealing in insurance.
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R 199 Add to cart15 Mar 2025
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Lebo, a representative at FinSmart Advisors, is meeting with a new client to recommend a retirement annuity product. She hands the client a brochure but does not mention the commission she will earn or the risks associated with the product. Which requirement under the FAIS General Code of Conduct has Lebo MOST LIKELY violated?
a. She failed to assess the client's financial needs.
b. She did not act with due care and diligence.
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d. She violated the requirement to be under supervision.
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RE5 Exam (Set 4)
R 199 Add to cart16 Mar 2025
RE5 Exam Question
A client lodges a complaint with an FSP and is dissatisfied with the response. The client wants to take the matter further. What is the NEXT appropriate step the client can take?
a) File a criminal case.
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