The licensing exam comprises 105 questions including 15 “trial questions” divided among the following sections:
Candidates are allowed three hours to complete the exam. The order of sections is random, as is the order of questions in each section.
Various types of questions are used in the exam. Most questions have only one right answer and there are no special instructions for these questions. Some exam questions have more than one right answer and the number of correct answers that must be selected is clearly stated. To get the question right, the candidate must select the exact number of correct answers required.
Some exam questions include illustrations, such as a formula or a table. These questions are answered in the usual way by selecting one of the possible answers.
Some exam questions are answered by clicking somewhere on the illustration. It is clearly stated when this is required. To get the question right, the candidate must select the square containing the correct answer.
Fifteen questions in the exam, five per section, are “trial questions”. It is not possible to discern which ten questions in the exam are trial questions and the answers to these questions will not be included in the final score. Trial questions are included for purposes of statistical analysis to determine whether the questions are of sufficient quality to be included in a standard exam. The other 90 questions have previously been trialled and approved. If you do not pass the exam and must rebook to resit it, you must choose a date at least one week after the original exam.
Candidates must sit the exam at a designated location supervised by Swedsec. One point is awarded for each correct answer and zero points are awarded for incorrect answers. Candidates should always answer all questions, as no points are deducted for incorrect answers. Candidates must have an overall score of at least 70% and a score of at least 60% in each section to pass the exam. Results are shown immediately after the exam is completed.
The proficiency requirements constitute a basic level of the knowledge required to pass the licensing exam for mortgage loans. Based on an employee’s role and function, they may need further or advanced knowledge in addition to that covered by these proficiency requirements. It is the responsibility of the affiliated company to determine what is sufficient based on the employee’s tasks. The proficiency requirements are divided into sections, subsections and checkpoints. A checkpoint specifies what a licence holder is expected to master within a relatively small field of knowledge. Each question included in the licensing test is directly linked to a checkpoint.
The sections included are:
The proficiency requirements are intended to function as a support when designing course syllabuses and serve as a basis for setting exam questions. In addition, they are designed to provide an overview of what is expected of a licence holder.
Applicable proficiency requirements are available on swedsec.se. The requirements are reviewed annually or more often if needed. Changes to the proficiency requirements are published after a decision has been taken. It is the responsibility of training providers to stay abreast of the most recent version.
Swedsec offers the possibility to take the test in English on paper at our office in Stockholm. It only applies to management and control functions and specialists.