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Individuals who are seeking qualification to work with various direct participation programs take the Series 22, or Direct Participation Exam, to become credentialed. Those who pass the exam are able to work with customers on investments in areas like real estate, oil and gas, and limited partnerships. In order to successfully complete the exam, test-takers must get at least 70% of the 50 multiple-choice questions correct within the 90 minute time limit. The Series 22 covers topics like tax issues applicable to direct participation programs, regulation of direct participation programs, and factors to consider when evaluating direct participation programs, among other things.
Preparing for the Series 22 exam can be a stressful experience for even the most knowledgeable individuals. Because the exam covers many topics, there are many things that a test-taker must learn before test day. However, you don't have to go through this challenging process alone. Instead, consider working with a private Series 22 tutor. It may be just what you need to make your study time more effective and efficient.