Series 82 Private Securities Offerings Representative exam
Series 82 Exam Prep for Private Placements
The Series 82 licenses you to solicit and sell private placements — securities sold under an exemption rather than through a registered public offering. It turns on the exemptions themselves, who is allowed to buy, how the offering may be marketed, and what happens when an investor wants out of something that has no market. Finance Exam Pro teaches why each exemption exists and what would forfeit it, because that reasoning is what the exam actually tests.
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- 50
- Questions
- 1h 30m
- Time limit
- 70%
- To pass
883 approved practice questions and 31 lessons in this track today.
The Series 82 requires sponsorship by a FINRA member firm, and the SIE is a corequisite — you must pass both, in either order. The registration category is set by FINRA Rule 1220(b)(9).
Written to the official exam outline and editorially verified
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A real Series 82 question
Pick an answer and every choice gets explained — the right one and the traps. This is exactly how practice works inside the app.
Account Authorizations and Entity Authority
Try it — no account neededA corporate resolution authorizes "the Corporation's Treasurer" by title, without naming a specific individual, to transact on the private-placement account. Eighteen months later, the original Treasurer has left the company and a new person now holds that title. The new Treasurer presents herself to the representative to continue transacting on the account. What must the representative confirm before accepting her instructions?
The blueprint
What's on the Series 82 exam
Our lessons and mock exams follow these weightings, so your study time lands where the marks are.
- Seeks Business for the Broker-Dealer from Customers and Potential Customers50%
- Opens Accounts After Obtaining and Evaluating Customers' Financial Profile and Investment Objectives18%
- Provides Customers with Information About Investments, Makes Recommendations, Transfers Assets and Maintains Appropriate Records26%
- Obtains and Verifies Customers' Purchase Instructions and Agreements; Processes, Completes and Confirms Transactions6%
Free tool
Will you be ready in time?
Three questions, and an honest answer — including if the answer is no.
Timelines are general guidance drawn from our own study guides, not a promise — your background and consistency matter more than any number here.
How it works
How Finance Exam Pro gets you ready
Short, guided lessons
One concept per screen, in plain English — you always know what to study next.
Practice that adapts
Miss a question and it comes back; master a topic and it steps aside. Every answer is explained.
Spaced-repetition flashcards
Key terms resurface right before you'd forget them, so review time is never wasted.
Realistic mock exams
Full-length, section-weighted, and timed — with a readiness score that tells you when you're ready.
Questions
Series 82 exam FAQ
How many questions are on the Series 82?+
The Series 82 has 50 scored questions plus 5 unscored pretest items, and you have 1 hour 30 minutes.
What is a passing score on the Series 82?+
70. Half the exam sits in one function — soliciting business — so that is where your study time belongs.
Do I need a sponsor for the Series 82?+
Yes. The Series 82 requires sponsorship by a FINRA member firm, and the SIE is a corequisite — you must pass both, though they can be taken in either order.
Series 82 or Series 7?+
The Series 7 is far broader and covers public offerings and listed securities. The Series 82 is narrow: it licenses private placements only. If your firm sells private offerings and nothing else, the Series 82 is the shorter path — but it does not let you sell anything the Series 7 covers.
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