LLQP Ethics

Professional judgement rather than memorised rules. Items typically describe a realistic situation - a client pushing for a product they do not need, a referral fee, a request for a client file - and ask which response best fits a licensee's duties. You need to recognise the duty in play and choose the conduct a regulator would defend.

Multiple-choice questions delivered in the program's standard format. The administering bodies set the current structure, so confirm the exact format, sitting options and any module requirements on the official program and provincial regulator websites before you book.

Those figures change and are set by the administering bodies, so this page does not state them. Check the official program website or your provincial regulator for the current question count, time allowance and sitting rules.

The passing standard is set and published by the official bodies and is not repeated here. Confirm the current passing score and any module-by-module requirements directly with the program administrator or your provincial regulator.

Rewrites are generally available, but the waiting period, fee and any limit on attempts are set by the regulator and program administrator. Look up the current retake policy on their sites rather than relying on what other candidates tell you, since rules differ by jurisdiction and change over time.

Different, not easier. Technical modules reward recall; ethics rewards reasoning. Candidates who study definitions alone often pick the second-best answer. Practise ranking options: eliminate any response that breaches confidentiality, hides a conflict or puts your compensation ahead of the client's interest.

Build foundations first: the regulatory framework and the duty to clients. Then suitability and conflicts, which carry the most weight. Add confidentiality and market-integrity duties, then regulator and profession duties. Finish with case application, treating it as practice that draws on everything before it.

Choosing the answer that pleases the client, disclosing only what is legally required rather than what is material, and treating a conflict as solved by verbal mention alone. Another frequent error is acting beyond your licence or authority instead of referring the matter upward.

Work through short scenarios under time pressure, and after each one write the duty involved and why the wrong answers fail. Review your provincial regulator's code of conduct and continuing-education expectations, since ethics items often reflect the specific rules of your jurisdiction.

No. This is independent study material. It is not endorsed by, and does not represent, any regulator, program administrator or insurer. Always treat official publications as authoritative and confirm any rule that affects your licensing decision with the body that issues your licence.