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California Professional Fiduciary License Exam
QUESTIONS AND DETAILED SOLUTIONS JUST
RELEASED
California Professional Fiduciary License Exam, designed to reflect the actual exam content domains,
California-specific laws, and practical fiduciary scenarios.
Each question includes a verified answer and a summarized rationale based on the California
Professional Fiduciaries Act (Business & Professions Code), PFB regulations, and national fiduciary
standards.
Note on Exam Coverage: The California Professional Fiduciary licensing examination is a two-part exam
consisting of one portion that is national in scope and one portion specific to California law. To pass, you
must receive passing scores on both portions. Each portion is one hour. The examination is administered
by the Center for Guardianship Certification (CGC). The knowledge areas include: Fiduciary Duties &
Professional Practices (20 questions), Legal Concepts & Courts (20 questions), Financial Management (15
questions), Personal Care Management (15 questions), and Surrogate Decision-Making/Estate Planning
(15 questions), for a total of 85 scored questions plus 7 pretest questions. After taking the exam, the
Bureau will notify you of your pass status on both sections via a mailed letter.
Domain 1: Licensing & Regulatory Requirements (Questions 1-40)
1. A candidate is applying for a Professional Fiduciary license in California. According to Business and
Professions Code §6533, what is the minimum age requirement?
A) 18 years
B) 21 years
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C) 25 years
D) No minimum age specified
Correct Answer: B. BPC §6533(a) explicitly requires applicants to be at least 21 years of age .
2. Which California agency is responsible for regulating, licensing, and overseeing professional
fiduciaries?
A) Department of Justice
B) Department of Finance
C) Department of Consumer Affairs (Professional Fiduciaries Bureau)
D) State Bar of California
Correct Answer: C. The Professional Fiduciaries Bureau (PFB) operates under the California Department
of Consumer Affairs (DCA), which oversees professional licensing and consumer protection .
3. A professional fiduciary license in California must be renewed:
A) Every year
B) Every two years
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C) Every three years
D) Every five years
*Correct Answer: B. Professional fiduciary licenses are renewed biennially (every two years) by
December 31st of even-numbered years .*
4. How many hours of continuing education are required for each license renewal period?
A) 10 hours
B) 15 hours
C) 20 hours
D) 30 hours
*Correct Answer: B. California requires 15 hours of continuing education per two-year renewal period .*
5. An applicant for a Professional Fiduciary license has a bachelor's degree in business administration.
What additional requirement must they meet?
A) No additional experience required
B) At least three years of relevant fiduciary experience
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C) At least two years of legal assistant experience
D) A master's degree
Correct Answer: B. BPC §6533(f) requires that applicants have either a bachelor's degree (any field) plus
at least three years of relevant fiduciary experience, or an associate degree plus five years experience, or
no degree plus ten years experience .
6. A professional fiduciary applicant must complete how many hours of pre-licensing education?
A) 15 hours
B) 30 hours
C) 45 hours
D) 60 hours
*Correct Answer: B. Applicants must complete 30 hours of Bureau-approved pre-licensing education .*
7. Which of the following is required for initial licensure as a professional fiduciary?
A) High school diploma only
B) Completion of approved fiduciary training, background check, and passing the licensing exam
California Professional Fiduciary License Exam
QUESTIONS AND DETAILED SOLUTIONS JUST
RELEASED
California Professional Fiduciary License Exam, designed to reflect the actual exam content domains,
California-specific laws, and practical fiduciary scenarios.
Each question includes a verified answer and a summarized rationale based on the California
Professional Fiduciaries Act (Business & Professions Code), PFB regulations, and national fiduciary
standards.
Note on Exam Coverage: The California Professional Fiduciary licensing examination is a two-part exam
consisting of one portion that is national in scope and one portion specific to California law. To pass, you
must receive passing scores on both portions. Each portion is one hour. The examination is administered
by the Center for Guardianship Certification (CGC). The knowledge areas include: Fiduciary Duties &
Professional Practices (20 questions), Legal Concepts & Courts (20 questions), Financial Management (15
questions), Personal Care Management (15 questions), and Surrogate Decision-Making/Estate Planning
(15 questions), for a total of 85 scored questions plus 7 pretest questions. After taking the exam, the
Bureau will notify you of your pass status on both sections via a mailed letter.
Domain 1: Licensing & Regulatory Requirements (Questions 1-40)
1. A candidate is applying for a Professional Fiduciary license in California. According to Business and
Professions Code §6533, what is the minimum age requirement?
A) 18 years
B) 21 years
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C) 25 years
D) No minimum age specified
Correct Answer: B. BPC §6533(a) explicitly requires applicants to be at least 21 years of age .
2. Which California agency is responsible for regulating, licensing, and overseeing professional
fiduciaries?
A) Department of Justice
B) Department of Finance
C) Department of Consumer Affairs (Professional Fiduciaries Bureau)
D) State Bar of California
Correct Answer: C. The Professional Fiduciaries Bureau (PFB) operates under the California Department
of Consumer Affairs (DCA), which oversees professional licensing and consumer protection .
3. A professional fiduciary license in California must be renewed:
A) Every year
B) Every two years
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C) Every three years
D) Every five years
*Correct Answer: B. Professional fiduciary licenses are renewed biennially (every two years) by
December 31st of even-numbered years .*
4. How many hours of continuing education are required for each license renewal period?
A) 10 hours
B) 15 hours
C) 20 hours
D) 30 hours
*Correct Answer: B. California requires 15 hours of continuing education per two-year renewal period .*
5. An applicant for a Professional Fiduciary license has a bachelor's degree in business administration.
What additional requirement must they meet?
A) No additional experience required
B) At least three years of relevant fiduciary experience
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C) At least two years of legal assistant experience
D) A master's degree
Correct Answer: B. BPC §6533(f) requires that applicants have either a bachelor's degree (any field) plus
at least three years of relevant fiduciary experience, or an associate degree plus five years experience, or
no degree plus ten years experience .
6. A professional fiduciary applicant must complete how many hours of pre-licensing education?
A) 15 hours
B) 30 hours
C) 45 hours
D) 60 hours
*Correct Answer: B. Applicants must complete 30 hours of Bureau-approved pre-licensing education .*
7. Which of the following is required for initial licensure as a professional fiduciary?
A) High school diploma only
B) Completion of approved fiduciary training, background check, and passing the licensing exam
