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 £275.00 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:
The exam can be taken at over 150 Pearson VUE centres. The LIBF has now rolled 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.