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(CLFP) Certified Lease & Finance Professional
Free CLFP Continuing Education Questions and Answers
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Why is continuing education important for maintaining the CLFP designation?
It ensures that professionals stay updated on industry trends, regulations, and best practices.
It allows professionals to skip the CLFP recertification exam.
It automatically increases the salary of a CLFP.
It is required by federal law for all finance professionals.
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How often must a CLFP engage in continuing education to maintain their designation?
Every year.
Every three years.
Every five years.
Every ten years.
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Which of the following activities typically count towards CLFP continuing education credits?
Watching finance-related movies.
Participating in industry conferences and seminars.
Personal tax preparation.
Writing articles for entertainment magazines.
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What happens if a CLFP does not complete the required continuing education within the specified time frame?
The CLFP designation is revoked, and the individual must retake the certification exam.
The individual is fined by the CLFP Foundation.
The individual is given a one-year grace period to complete the education requirements.
The individual is placed on a suspension list but retains their designation.
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Which organization oversees the continuing education requirements for CLFPs?
The Federal Reserve.
The CLFP Foundation.
The Securities and Exchange Commission (SEC).
The American Finance Association.
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