Part of the expanding PassProfessor catalog: PassProfessor is building a Series 63 exam prep program as its own program — practice built section by section on NASAA’s published test specifications for the Uniform Securities Agent State Law Examination. Join the notify list and we will email you when enrollment opens.
This program is part of the expanding PassProfessor catalog — join the notify list and we’ll email you when enrollment opens.
The Series 63 — the Uniform Securities Agent State Law Examination — is a North American Securities Administrators Association (NASAA) examination administered by FINRA. It is the state-law exam for broker-dealer agents: 60 scored multiple-choice questions plus 5 unscored pretest questions in 75 minutes, and you pass by correctly answering at least 43 of the 60 scored questions. Where FINRA’s own exams test federal qualification for a registration category, the Series 63 tests the Uniform Securities Act machinery — who must register with the state, what is exempt, what the state Administrator may do, and which practices are prohibited — that governs selling securities in a state. PassProfessor’s Series 63 program, now in development, is a standalone program built on NASAA’s test specifications (effective June 12, 2023), section by section at the specifications’ own weights. It is not part of the FINRA suite program covering the SIE, Series 7, Series 65, and Series 66 — the Series 63 has its own exam, its own outline, and its own page. The full breakdown of the real exam is in the Series 63 exam guide.
What the program will cover
One exam, studied as the state-law exam it is. The Series 63 is frequently treated as an afterthought to a qualification exam — a short test scheduled in the shadow of the Series 7 or Series 6. Its specifications say otherwise: nearly half the exam is communication with customers and ethical practices, and the rest is the Uniform Securities Act’s registration and remedies machinery, tested at a pace of 75 seconds per question. This program is built for that exam specifically — no general securities content borrowed from another outline, and no assumption that passing a federal exam makes the state law familiar.
Practice mapped to NASAA’s test specifications. NASAA splits the 60 scored questions across eight subjects, and the program is being built in exactly those sections at exactly those weights: ethical practices and obligations carry 15 questions (25%); communication with customers and prospects, 12 (20%); regulation of broker-dealer agents, 8 (13%); regulation of broker-dealers, 7 (12%); remedies and administrative provisions, 7 (11%); regulation of securities and issuers, 5 (9%); and regulation of investment advisers and of investment adviser representatives, 3 each (5%). Section drills at the real weights mean your preparation hours land where the questions actually are.
Timed practice at the real length and pace. The Series 63 gives you 75 minutes for 65 questions on screen — about 69 seconds per question, the tightest pace in the NASAA family. Candidates rarely fail this exam for lack of reading; they fail it mid-paper, behind the clock, on law they knew. Full-length timed practice at 75 minutes, with the 5 unscored pretest items mixed in as the real exam mixes them, is part of the design, so pacing is trained rather than discovered.
The model-law discipline the exam rewards. The Series 63 is built primarily on the Uniform Securities Act of 1956, as amended, together with NASAA’s model rules and statements of policy — not on any one state’s variations. The program teaches the model framework and flags where individual states commonly depart from it, because the exam tests the model: a definition learned “the way my state does it” is a wrong answer when the model act says otherwise.
A study loop by specification section. Practice results will break down by the eight specification subjects, so you can see whether your gap is the registration machinery, the remedies and Administrator powers, or the ethics-and-communication half — and spend the next block there. On a 60-question exam, one weak 12-question section is the difference the passing line is made of.
The real exam at a glance
Current as of November 2026, per FINRA’s Series 63 page and NASAA’s test specifications (full sources in the Series 63 exam guide). The fee below is the real exam’s fee, paid to FINRA — PassProfessor has not set a price for this program.
| Series 63 fact | Current published detail |
|---|---|
| Full name | Uniform Securities Agent State Law Examination |
| Exam owner | NASAA (North American Securities Administrators Association) |
| Administered by | FINRA |
| Scored questions | 60 |
| Unscored pretest questions mixed in | 5 (65 questions on screen) |
| Time limit | 75 minutes |
| Passing standard | At least 43 of the 60 scored questions correct |
| Exam fee | $147 |
| Corequisite | None — FINRA lists no corequisite exam for the Series 63 |
Four structural facts that shape how the Series 63 fits a career:
- It is the agent’s state-law exam. The Series 63 qualifies broker-dealer agents under state law. It pairs with a FINRA qualification exam (such as the Series 7 or Series 6, with the SIE where required) — the qualification exam tests the federal category, the Series 63 tests the state where you will sell.
- The Series 66 overlaps it — deliberately. NASAA’s Series 66 qualifies a candidate as if they had passed both the Series 63 and the Series 65, but the Series 66 works only alongside a passed Series 7. Candidates who will not take the Series 7, or whose firms direct the state exam separately, take the Series 63 itself. The FINRA exam prep suite covers the Series 66 path; this page covers the Series 63 itself.
- Passing is not registration. Passing the Series 63 satisfies the examination component for agent registration in states that require it; the registration itself — filed through your firm and granted by the state Administrator — is a separate step, and passing conveys no right to transact business before it is granted.
- A passed exam can now be kept alive. Under NASAA’s Exam Validity Extension Program (EVEP) for broker-dealer agents, eligible individuals can maintain a passed Series 63’s validity for up to five years in states that adopt the model rule, by completing annual continuing education — a change worth knowing before you let an old pass lapse. FINRA’s Series 63 page links NASAA’s EVEP details.
How the practice will map to the real exam
The program’s sections follow NASAA’s test specifications for the Series 63 (effective June 12, 2023). These are the real exam’s weights.
| Specification subject | Scored questions | Share |
|---|---|---|
| Ethical Practices and Obligations | 15 | 25% |
| Communication with Customers and Prospects | 12 | 20% |
| Regulation of Agents of Broker-Dealers | 8 | 13% |
| Regulation of Broker-Dealers | 7 | 12% |
| Remedies and Administrative Provisions | 7 | 11% |
| Regulation of Securities and Issuers | 5 | 9% |
| Regulation of Investment Advisers, Including State-Registered and Federal Covered Advisers | 3 | 5% |
| Regulation of Investment Adviser Representatives | 3 | 5% |
| Total | 60 | 100% |
Two readings of that table drive the whole study plan. First, ethics and communication together are 27 of 60 questions (45%) — compensation, custody, conflicts, prohibited practices, advertising, and what may be said to a customer. Second, the four “regulation of persons” subjects together are 21 questions (35%) — the definitions and registration rules for advisers, adviser representatives, broker-dealers, and agents, where the exam’s finest distinctions live (who is excluded from a definition is tested as hard as who is included).
How to use it
- Join the notify list today. While the program is in development, work from NASAA’s published test specifications — they are the syllabus, and they are free. Our Series 63 exam guide walks through eligibility, registration, retakes, and test day.
- Learn the model act, not your state’s habits. If you already work in the industry, deliberately separate “what my firm/state does” from “what the Uniform Securities Act says.” The exam scores the second.
- When the program opens, drill by specification section. Spend your hours in proportion to the weights above — ethics and communication first — then in inverse proportion to your drill scores.
- Sit full-length timed practice before you schedule. 65 questions in 75 minutes forgives no slow starts. Sit the full sitting, at the full pace, more than once.
- Schedule the real exam through FINRA inside your enrollment window, once your timed practice sits comfortably above 43 of 60 — comfortably, because a two-question margin is one bad section on the day.
Pricing
No price has been set for this program, and enrollment is not open. Join the notify list and the launch email will carry the price, the final scope, and the enrollment link — all at once, when the program is actually ready.
Frequently asked questions
What is the Series 63 exam? The Series 63 is NASAA’s Uniform Securities Agent State Law Examination, administered by FINRA: 60 scored multiple-choice questions plus 5 unscored pretest questions in 75 minutes, passing at 43 or more of the 60 scored questions correct, fee $147. It tests state securities law under the Uniform Securities Act — registration of persons and securities, exemptions, the Administrator’s powers, remedies, communications, and ethical practices — for broker-dealer agents.
Who needs to take the Series 63? Broker-dealer agents registering in states that require the examination component. It pairs with a FINRA qualification exam for the federal category (with the SIE where that category requires it). Whether your state requires it, and in what sequence your firm wants it taken, is set by your state and your firm — the exam itself has no FINRA corequisite.
How many questions are on the Series 63, and what do I need to pass? You will see 65 questions in 75 minutes: 60 scored and 5 unscored pretest questions you cannot identify. Per FINRA, you pass by correctly answering at least 43 of the 60 scored questions.
What is the difference between the Series 63, the Series 65, and the Series 66? All three are NASAA exams administered by FINRA. The Series 63 is the agent (broker-dealer) state-law exam. The Series 65 is the investment adviser representative exam, standing alone. The Series 66 combines the two — it qualifies you as if you had passed both the Series 63 and the Series 65 — but requires the Series 7 as a co-requisite before a state can register you on it. If you will register only as an agent, the Series 63 is your state exam; the FINRA exam guide maps all of the paths.
How much does the Series 63 cost? The exam fee is $147, paid to FINRA when the enrollment is opened, current as of November 2026 per FINRA. That is the real exam’s fee — PassProfessor’s Series 63 program is in development and has no price yet.
What happens if I fail the Series 63? You wait, then retest, and the full fee applies again. Under the current NASAA waiting periods the wait is 30 days after the first and second unsuccessful attempts and 180 days after the third. For enrollments opened on or after January 4, 2027, FINRA’s Series 63 page states the third-attempt wait drops to 60 days; the 30-day waits after the first and second attempts are unchanged. Windows opened before that date remain under the rules they were opened under.
How long is a passing Series 63 score valid? Exam credit is maintained by registering in the category; for agents who leave the industry, NASAA’s Exam Validity Extension Program (EVEP) lets eligible individuals maintain a passed Series 63’s validity for up to five years in states that adopt the model rule, by completing annual continuing education. FINRA’s Series 63 page links NASAA’s EVEP page for participating jurisdictions and conditions.
Are these the actual exam questions? No — and when this program opens, its questions will be original practice questions written by PassProfessor to NASAA’s published test specifications. We never use actual exam questions, recalled questions, or another provider’s materials.
Is PassProfessor affiliated with FINRA or NASAA? No. PassProfessor is an independent exam-preparation provider and is not affiliated with, endorsed by, or acting on behalf of FINRA, NASAA, the SEC, or any state securities regulator. NASAA owns the Series 63; FINRA administers it. Registration, scheduling, and official results happen only through FINRA and your state regulator.
When can I enroll in the Series 63 program? Not yet — the program is in development. Join the notify list on this page and we will email you when enrollment opens, with the final scope and price stated plainly.
Disclaimer
PassProfessor is an independent exam-preparation provider. This program is exam preparation only: it provides no registration, license, or education credit, and PassProfessor is not affiliated with, endorsed by, or acting on behalf of FINRA, NASAA, the SEC, or any state securities regulator. Exam facts on this page are current as of November 2026 and are drawn from FINRA’s and NASAA’s official publications, which govern if anything here differs from them. Practice questions, when the program opens, will be original questions written to NASAA’s published test specifications; they are not actual exam questions.