ER1 Equity Release - 2024/25

The ER1 (Equity Release) exam forms part of the Certificate in Equity Release and upon successful completion will give you 15 credits at certificate level. 

The exam itself is a two-hour computer based multiple choice exam held at test centres throughout the country. As the exam is computer based, you can sit it on a date of your choosing throughout the year providing more flexibility to accommodate your studies. The exam format consists of 75 questions – 50 standard multiple-choice questions with and five case studies each with a further 5 multiple-choice questions. There is only one correct answer for each question.

The nominal pass mark is 70% and as this is a computer based test rather than a written test it is unlikely that there will be much deviation from this unless a question is subsequently found to be invalid. So, in terms of the mark needed to pass, you are looking at a minimum of 53/75.