Online Exam Simulator
Online Exam Simulator
Terms of Use
  • The Series 52 Online Exam Simulator is the industry-leading, online testing solution for the Series 52—MSRB Municipal Securities Representative Qualification Examination! The web-based program provides multiple ways to prepare for the Series 52 exam:

    • An unlimited number of randomly generated 10-question quizzes corresponding to the sections of the MSRB outline
    • An unlimited number of randomly generated 80-question practice exams with immediate answer feedback
    • An unlimited number of randomly generated 80-question timed exams to best simulate the test-taking experience

    The 180-day subscription includes:

    •     Full access to Solomon Exam Prep's Series 52 question database (Over 1,000 questions!)
    •     Full access to regular question database updates

    (Exam simulator subscriptions are limited to one individual.)

  • With the FINRA exam restructure, which exam is right for me? Will I need to also take the Securities Industry Essentials (SIE) exam?

    If you apply to be a representative on or before September 30th, you will take the current version of the representative exam.

    If you apply to be a representative on or after October 1st, you will be required to take the SIE and the updated representative exam.

    If you are a registered representative and you do not pass the current representative exam, and your next testing date is on or after October 1st, you must take the updated representative exam. Your waiting period will be waived, as the updated exam will be considered a new exam.

    If you are not a registered representative and you do not pass the current representative exam, and your next testing date is on or after October 1st, you will be required to take the SIE and the updated representative exam. Your waiting period will be waived, because the SIE and updated exams will both be new exams.

    If your registration lapsed between October 1st 2014 and September 30th 2018and you pre-register within four years of your last registration, you will not need to take the SIE. You will, however, take the updated version of the exam.

    What does a Series 52 license allow me to do?

    Qualifies a financial professional to:

    • Sell municipal securities (e.g., municipal bonds, agency bonds, and Section 529 College Savings Plans).
    • Trade municipal securities
    • Underwrite municipal securities
    • Offer financial advice and consultant services to issuers of municipal securities
    • Conduct research and give investment advice on municipal securities
    • Communicate directly or indirectly with public investors about municipal securities

    The Series 52 does not allow the financial professional to sell municipal bond funds, which are mutual funds that invest in municipal securities, unless the professional also has a Series 6 or Series 7.

    A Series 52 by itself does not allow the financial representative to trade other types of securities, such as corporate stocks or bonds or U.S. government securities.

    How many questions are on the exam?

    The Series 52 top-off exam is made up of 75 multiple-choice questions covering all three topics in the MSRB exam outline. The MSRB evaluates new questions by including them in the exam as unscored questions. This means that your exam will have 80 questions total, with five of these being unscored. You will not know which five are unscored.

    What subjects does the Series 52 exam test?

    Topically, the Series 52 top-off is divided into three parts:

    • Part One—Municipal Securities—60% (45 questions)
    • Part Two—Economic Activity, Government Policy, and the Behavior of Interest Rates—14% (10–11 questions)
    • Part Three—Securities Laws and Regulations—26% (19–20 questions)

    How long is the exam?

    2.5 hours

    What score do I need to pass the exam?

    70% (Please Note: Your score will be rounded down to the lowest whole number (e.g. 69.9% would be a final score of 69%--not a passing score for the Series 52 Exam).

    Where can I take the exam?

    There are several testing centers around the country where you can sit for the exam. Details on testing centers can be found here

    When can I take the exam?

    Daily, excluding Sundays and holidays.  Details on testing centers can be found here.

    How much does the exam cost?


    What can I expect at the testing center?

    Testing centers can be hot, cold, loud, smelly, crowded, empty … you name it. Be mentally prepared. Also, to prevent cheating, testing centers have become like airports in their security measures. So be prepared to be wanded, poked, and scrutinized.

    Basic calculators are available at testing centers. You are not allowed to bring your own. Don’t expect a financial calculator. Scratch paper is often not provided. Instead, you will likely be provided with a small erasable whiteboard to use.

    If you don’t know the answer to a question, guess at the answer and “flag” it. You will not be penalized for guessing. After you have finished all the questions, you can come back to any flagged questions. Don’t spend too long on one question—this may cause you to run out of time and not get to other questions you know.

    Come to the exam rested, hydrated, and nourished—no food or drinks (including water bottles) are allowed in the testing room. Watches are also not allowed—your computer screen will have a timer at the top, left-hand corner to remind you of the time.

    Map out where the testing center is the night before, and DON’T FORGET YOUR ID!

    Do I need to be sponsored to take the Series 52 top-off?

    Yes, you must be sponsored in order to take any MSRB exam.

    If I stop working for my firm, how long will my Series 52 license remain active?

    You will have two years between jobs before the license expires.

    When you cease working for a firm, your employer will file a Form U5 to terminate your registration. Your next employer will file a Form U4, which will re-register you. As long as you do not exceed two years between employers, your Series 52 license will remain active.

    Your passing score on the SIE is good for four years, regardless of when you take the Series 52 top-off or your employment status.

    How long should I prepare for this exam?

    We recommend studying 60 hours over a three-week period.

  • Shipping & Return Policies



    Orders are processed Monday-Friday from 7:00 a.m.-4:00 p.m. Pacific Time. Same-day shipping is not guaranteed on orders placed after 12:00 p.m. Pacific Time or any order placed on Saturdays, Sundays or holidays. Orders placed during these times will be shipped the next business day.

    Return Policy

    Should you wish to return part or all of your purchase the following return policy will apply:

    Merchandise is nonreturnable and nonrefundable once it has been received. The definition of received is as follows :

    • Shipped products including Study Guides and Audiobooks - Any item that is shipped will be considered received once it has been removed from its paper wrapping.
    • Exam Simulators, Video Lectures/On-Demand Classes, and audiobooks (MP3 Streaming + Download) - These products are considered received if an individual has activated the product, logged in for more than 15 minutes, and/or has logged in more than once.
    • Live Online Classes- Classes are considered received once an individual has logged into a session even if they do not participate in the duration of the lesson(s).

    Shipping and Handling is nonrefundable under any circumstances.  Solomon Exam Prep is not responsible for any Shipping and Handling costs required to return any merchandise.

    All shipped products must be returned in original condition.

    All returns will be subject to a $10 processing fee.

    Once a purchase is complete all return requests must be received within the following time line:

    • 72 hours from receipt for online and downloadable products
    • 14 days from receipt for all shipped products
    • At no time will activated (i.e. logged in for more than 15 minutes or logged in more than once) products be refunded.
    • No returns or refunds are permitted after one year from the date of purchase.

    If returned merchandise meets all of the above requirements, a credit will be added to the credit card used at the time of purchase.  The refunded amount will be the amount paid for the product at the time of purchase less the $10 processing fee and will not include any shipping and handling fees. 

    If returned merchandise does not meet all of the above requirements, no refunds will be awarded.

    All products purchased from Solomon Exam Prep either online or by phone are subject to this return policy. If you have any questions about this policy please contact us by phone at 503-601-0212 or email at


    Extensions past the 180 day access period are granted for Online Exam Simulators only. The following extensions are available upon request: 

    • One-time, 5 day extension at no extra charge.
    • One-time, 30 day extension for 25% of Online Exam Simulator cost, granted upon receipt of payment.
    • Extensions required due to extenuating circumstances are given consideration if Solomon Exam Prep is contacted within 3 months of the expiration date of the Online Exam Simulator.
    To request an extension, please contact Solomon Exam Prep at 503-601-0212 or email at

    Terms & Conditions

    Solomon Exam Prep study materials are legally protected under the copyright laws of the United States and other countries.

    Unauthorized use or reproduction of Solomon Exam Prep materials copyrighted by Solomon Exam Prep is prohibited.

    The Solomon Exam Prep materials you have purchased are to be used for your personal use. Unauthorized resale of Solomon Exam Prep materials is prohibited.

    Shared use of online exam study guides, online classes, online exam simulators, streamed or downloaded audiobooks (Products & Services) is prohibited. Solomon Exam Prep will only support registered purchases of Products & Services directly from Solomon Exam Prep or from an authorized distributor. Solomon Exam Prep’s Products & Services are intended for personal use only unless specifically approved in writing by Solomon Exam Prep.

    Products & Services are provided by Solomon Exam Prep, subject to your acceptance and compliance with the Terms & Conditions set forth below. Sharing or selling access to Products & Service is prohibited. All online access of Products & Services is non-transferable.

    By accessing or using Products & Services, you agree to be bound by the Terms & Conditions set forth below. Solomon Exam Prep may modify these Terms & Conditions at any time and such modifications shall be effective immediately upon posting of the modified Terms & Conditions to Your continued access or use of Products & Services shall be deemed your conclusive acceptance of modified Terms & Conditions.

    1. Copyright and Licenses. The entire contents of Solomon Exam Prep and its Products & Services are copyrighted under the copyright laws of the United States. Products & Services are solely for non-commercial use. Copying, redistribution, retransmission or publication of any downloaded, recorded or online material, is prohibited without the written permission of Solomon Exam Prep. You agree not to change or delete any proprietary notices from materials downloaded from Solomon Exam Prep. You agree that you shall have no recourse against Solomon Exam Prep for any alleged or actual infringement or misappropriation of any proprietary right in your communications to us.

    2. Use of Products & Services via You understand that Solomon Exam Prep does not warrant that Products & Services will be uninterrupted or error-free. Products & Services are provided on an as is, “as available" basis. You are responsible for your own system and agree to meet the minimum system requirements set forth by Solomon Exam Prep.

    You understand that Solomon Exam Prep may revise the content of its website and Products & Services from time to time to meet business objectives. Solomon Exam Prep may add or remove materials that it considers as unnecessary or no longer relevant for its training objectives. Once content is removed, it will not be accessible and will not be available upon request.

    You understand that Products & Services are intended to assist you in your study program. You accept this arrangement and understand that Products & Services will be updated and released in a manner consistent with the priorities and objectives of Solomon Exam Prep.

    You understand that your purchase of Solomon Exam Prep Products & Services offers a limited license to use the content only between the time access is granted for your product and the date you pass your exam or 180 days, whichever comes first. The Products & Services are non-transferable and are to be used only by you. You agree not to share proprietary, online usernames and password with anyone, even if someone has his or her own Products & Services. Such sharing of access, usernames and passwords is a violation of this Terms & Conditions and will result in immediate suspension of your privileges to any Products & Services at without refund. Solomon Exam Prep monitors its website and including the use of Products & Services, and enforces its one subscriber policy diligently.

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    Terms & Conditions are subject to change without notice, please review periodically.

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