The combined state law exam has a plain number to hit, not a scaled score. Here it is, with the corequisite, retake and validity rules, from NASAA and FINRA.
You need at least 73 of the 100 scored questions right.
The Series 66 is 110 multiple-choice questions in 150 minutes: 100 scored and 10 unscored pretest questions you can't pick out. It is a criterion-based test, so the mark is a count of right answers, 73%, not a curve.
Checked October 24, 2026 against the official sources listed at the bottom of this page.
Take the free Series 66 practice test100 scored + 10 unscored, no sign-upThe Series 66 combines the state law for agents and for investment adviser representatives, but it doesn't replace FINRA's exams. NASAA's model rules accept the Series 66 together with the Series 7 (and the SIE) for both registrations; FINRA lists the Series 7 as its corequisite. The fee is $177, and you get a 120-day window to test once you enroll.
| After | Wait before the next try |
|---|---|
| 1st or 2nd failed attempt | 30 days |
| 3rd failed attempt (and each one after) | 180 days |
These are NASAA's waits for the Series 66, set to mirror FINRA's. FINRA is shortening the waits for its own exams from January 19, 2027, so check NASAA's exam page before you reschedule. If you fail, NASAA shows your score in each of the 4 sections.
Under NASAA's model rules, the Series 66 (with the Series 7) must have been passed within two years before you apply, unless you were registered in some state in the past two years. In states that adopted NASAA's Exam Validity Extension Program, you can keep a pass good for up to five years with yearly continuing education.
NASAA's test specifications split the 100 scored questions across 4 sections: economic factors and business information (8), investment vehicle characteristics (17), client and customer recommendations and strategies (30) and laws, regulations and guidelines, including unethical business practices (45). Nearly half the exam is law, covering agents, broker-dealers, advisers and IARs together, written to the Uniform Securities Act of 1956 as NASAA amended it.
At least 73 of the 100 scored questions, 73%.
110 in 150 minutes: 100 scored and 10 unscored pretest questions.
Yes. The Series 7 is the corequisite; NASAA's model rules accept the Series 66 with the Series 7 for agent and IAR registration.
30 days after a first or second failed attempt and 180 days after a third, under NASAA's current rules.