APC MOCK Qs Flashcards
CS: What was included in the ToE?
Address,
Client contact/billing address
Terms of service
Agency basis (sole or joint)
AML / Conflict checks
Fee agreement
CS: What is joint agency?
CS: What were your fees on this instruction?
CS: What other basis of agency instruction are there?
Joint, Sole and Multi
CS: What is dual agency?
CS: How is the services charge calculated on the estate?
Estimated annually
CS: How is the service charge calculated per unit?
Based on a psf basis
CS: What was the East London industrial market like at the time of the instruction?
CS: Was the specification of the parking at the subject property in line with the surrounding availability?
CS: Under what regulations do you need to provide an EPC on marketing material?
CS: Can you talk to me a little about MEES? What is it?
CS: Raised a V-angled board at the front of the estate. What size was the board?
CS: What legislation relates to marketing boards?
CS: What needs to be included in the marketing brochure?
Address, photos, map, size, business rates, epc, description
CS: What is a covenant?
The financial strength and durability of a business
CS: How would you assess a tenant’s covenant?
Profits test
3 years audited accounts
Dunn & Bradsheet
CS: What is the difference between an effective and standard FRI basis?
CS: Do you think your quoting rent was high enough?
I: 5 items of PPE
steel toe cap boots, hard hat, high vis, gloves and ear defenders
I: What do you fill out pre-site visit?
I: What would you be looking for externally on inspection of a warehouse?
How it is clad, parking provisions, estates security, surrounding availability
I: Where do leaks commonly happen in industrial units?
I: What are some common defects of an industrial property?
I: How can you tell if a property is built of a cavity wall construction?
I: Different construction
I: Whats the difference between CAT A & CAT B fit out in offices?
V: What are 5 methods of valuation
V: Can you tell me about the hierarchy of evidence in the comparable method?
There are different levels - Ella add in
V: How do you find comps?
V: What’s a reversionary yield?
V: What is the Red Book?
V: When was the Red Book last updated?
V: What is the difference between a residual valuation and development appraisal?
V: What is a sensitivity analysis?
V: When would you use a sensitivity analysis
V: As part of PS1 within the Red Book, could you name me the 5 exceptions when not providing a Red Book Valuation
M: How would you measure an Office?
NIA
M: What is excluded from NIA?
M: On your office in Weybridge you’ve measured on an NIA, is there any other way you could measure the unit?
M: How do you measure an industrial unit on a GIA basis?
M: When would you measure on a GEA basis?
M: What would be the benefit of measuring on a GEA basis rather than GIA for agency purposes?
GEA would calculate a larger sq. ft and therefore total a larger rental value.
M: How would you measure an industrial unit?
M: How would you measure the minimum eaves of the property?
To the underside of the eaves haunch
L&L: Could you talk me through the estates agents act - when does it apply?
L&L: What does the estates agents act say?
L&L: What is the difference between an assignment and subletting?
L&T: Mention zoning in your subs, what is that?
L&T: What is the L&T Act 1954?
L&T: What is security of tenure?
L&T: Can you tell me about any specific section of the Act?
Section 30: Landlords grounds to oppose a lease renewal.
L&T: What are the grounds within S.30 of the L&T Act?
L&T: What is the difference between a lease and a licence?
L&T: What characteristics make a lease a lease?
L&T: Do you know any case law relevant to a lease v licence?
P&S: For your industrial unit in Canning Town, you mention the final offer was accepted which was unconditional. What might you see in a conditional offer?
P&S: Why is it important to interrogate funding when someone is purchasing a building?
P&S: What may be a more risky funding structure?
P&S: What are the methods of purchase & sale?
P&S: What would be the process when selling a building? (from start to finish)
P&S: What are the benefits of Private Treaty?
P&S: Is there any method of sale where you are bound to sell something?
P&S: When are you bound to sell
on the gavel you are bound to sell
P&S: Is VAT charged on all transactions?
P&S: Do you know anything about the transfer of going concerns?
DM: How do you ensure your data is stored securely?
DM: What does GDPR standard for?
DM: What does GDPR ensure?
DM: What are some of the principles of UK GDPR?
DM: What could be the punishments if you break UK GDPR law?
DM: How much could you be fined for breaking UK GDPR?
DM: Who polices UK GDPR?
DM: Do you know anything about the Freedom of Information Act?
E: What are the 5 Rules of Conduct?
E: You have listed the Bribery Act 2010, can you tell a little bit about this?
E: What are the six principles of the Bribery Act 2010?
E: What are the four offences of the Bribery Act 2010?
to bribe, being bribed, not reporting a bribe
ANOTHER ONE
E: If you were in a room and client tried to offer you a bribe, what would you do?
E: If a client wanted to pay LSH in cash, even if it was company policy to not accept cash, is there a limit mentioned within the RICS to which you cannot accept cash?
E: Whats an AML and why do you have to do it?
E: What do you actually do if you’re carrying out an AML check? What does the AML team actually do?
E; When might you carry out enhanced due dilligence checks on a client?
Over 10,000 per month?
E: What is the RICS policy on the use of social media?
E: You do a piece of work and you then receive a complaint from the client, how would you go about this?
E: What about if the client was still unhappy, how would you raise it with the RICS?
E: What disciplinary procedures would you receive from the RICS in relation to a complaint?
E: What three levels of discplinary action are there?
E: How do you close a RICS practice?
E: Can you tell me about anything that is topical about property at the moment?
E: What are the three different types of conflict of interest?
Ethics: What is the difference between conflict avoidance and conflict management?
Ethics: How might you manage a conflict?
CS: When was the property built ? and how did you identify this ?
Early 2000s -
