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Charis APC > APC MOCK Qs > Flashcards

APC MOCK Qs Flashcards

1
Q

CS: What was included in the ToE?

A

Address,
Client contact/billing address
Terms of service
Agency basis (sole or joint)
AML / Conflict checks
Fee agreement

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2
Q

CS: What is joint agency?

A
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3
Q

CS: What were your fees on this instruction?

A
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4
Q

CS: What other basis of agency instruction are there?

A

Joint, Sole and Multi

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5
Q

CS: What is dual agency?

A
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6
Q

CS: How is the services charge calculated on the estate?

A

Estimated annually

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7
Q

CS: How is the service charge calculated per unit?

A

Based on a psf basis

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8
Q

CS: What was the East London industrial market like at the time of the instruction?

A
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9
Q

CS: Was the specification of the parking at the subject property in line with the surrounding availability?

A
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10
Q

CS: Under what regulations do you need to provide an EPC on marketing material?

A
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11
Q

CS: Can you talk to me a little about MEES? What is it?

A
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12
Q

CS: Raised a V-angled board at the front of the estate. What size was the board?

A
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13
Q

CS: What legislation relates to marketing boards?

A
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14
Q

CS: What needs to be included in the marketing brochure?

A

Address, photos, map, size, business rates, epc, description

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15
Q

CS: What is a covenant?

A

The financial strength and durability of a business

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16
Q

CS: How would you assess a tenant’s covenant?

A

Profits test
3 years audited accounts
Dunn & Bradsheet

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17
Q

CS: What is the difference between an effective and standard FRI basis?

A
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18
Q

CS: Do you think your quoting rent was high enough?

A
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19
Q

I: 5 items of PPE

A

steel toe cap boots, hard hat, high vis, gloves and ear defenders

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20
Q

I: What do you fill out pre-site visit?

A
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21
Q

I: What would you be looking for externally on inspection of a warehouse?

A

How it is clad, parking provisions, estates security, surrounding availability

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22
Q

I: Where do leaks commonly happen in industrial units?

A
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23
Q

I: What are some common defects of an industrial property?

A
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24
Q

I: How can you tell if a property is built of a cavity wall construction?

A
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25
Q

I: Different construction

A
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26
Q

I: Whats the difference between CAT A & CAT B fit out in offices?

A
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27
Q

V: What are 5 methods of valuation

A
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28
Q

V: Can you tell me about the hierarchy of evidence in the comparable method?

A

There are different levels - Ella add in

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29
Q

V: How do you find comps?

A
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30
Q

V: What’s a reversionary yield?

A
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31
Q

V: What is the Red Book?

A
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32
Q

V: When was the Red Book last updated?

A
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33
Q

V: What is the difference between a residual valuation and development appraisal?

A
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34
Q

V: What is a sensitivity analysis?

A
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35
Q

V: When would you use a sensitivity analysis

A
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36
Q

V: As part of PS1 within the Red Book, could you name me the 5 exceptions when not providing a Red Book Valuation

A
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37
Q

M: How would you measure an Office?

A

NIA

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38
Q

M: What is excluded from NIA?

A
39
Q

M: On your office in Weybridge you’ve measured on an NIA, is there any other way you could measure the unit?

A
40
Q

M: How do you measure an industrial unit on a GIA basis?

A
41
Q

M: When would you measure on a GEA basis?

A
42
Q

M: What would be the benefit of measuring on a GEA basis rather than GIA for agency purposes?

A

GEA would calculate a larger sq. ft and therefore total a larger rental value.

43
Q

M: How would you measure an industrial unit?

A
44
Q

M: How would you measure the minimum eaves of the property?

A

To the underside of the eaves haunch

45
Q

L&L: Could you talk me through the estates agents act - when does it apply?

A
46
Q

L&L: What does the estates agents act say?

A
47
Q

L&L: What is the difference between an assignment and subletting?

A
48
Q

L&T: Mention zoning in your subs, what is that?

A
49
Q

L&T: What is the L&T Act 1954?

A
50
Q

L&T: What is security of tenure?

A
51
Q

L&T: Can you tell me about any specific section of the Act?

A

Section 30: Landlords grounds to oppose a lease renewal.

52
Q

L&T: What are the grounds within S.30 of the L&T Act?

A
53
Q

L&T: What is the difference between a lease and a licence?

A
54
Q

L&T: What characteristics make a lease a lease?

A
55
Q

L&T: Do you know any case law relevant to a lease v licence?

A
56
Q

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?

A
57
Q

P&S: Why is it important to interrogate funding when someone is purchasing a building?

A
58
Q

P&S: What may be a more risky funding structure?

A
59
Q

P&S: What are the methods of purchase & sale?

A
60
Q

P&S: What would be the process when selling a building? (from start to finish)

A
61
Q

P&S: What are the benefits of Private Treaty?

A
62
Q

P&S: Is there any method of sale where you are bound to sell something?

A
63
Q

P&S: When are you bound to sell

A

on the gavel you are bound to sell

64
Q

P&S: Is VAT charged on all transactions?

A
65
Q

P&S: Do you know anything about the transfer of going concerns?

A
66
Q

DM: How do you ensure your data is stored securely?

A
67
Q

DM: What does GDPR standard for?

A
68
Q

DM: What does GDPR ensure?

A
69
Q

DM: What are some of the principles of UK GDPR?

A
70
Q

DM: What could be the punishments if you break UK GDPR law?

A
71
Q

DM: How much could you be fined for breaking UK GDPR?

A
72
Q

DM: Who polices UK GDPR?

A
73
Q

DM: Do you know anything about the Freedom of Information Act?

A
74
Q

E: What are the 5 Rules of Conduct?

A
75
Q

E: You have listed the Bribery Act 2010, can you tell a little bit about this?

A
76
Q

E: What are the six principles of the Bribery Act 2010?

A
77
Q

E: What are the four offences of the Bribery Act 2010?

A

to bribe, being bribed, not reporting a bribe
ANOTHER ONE

78
Q

E: If you were in a room and client tried to offer you a bribe, what would you do?

A
79
Q

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?

A
80
Q

E: Whats an AML and why do you have to do it?

A
81
Q

E: What do you actually do if you’re carrying out an AML check? What does the AML team actually do?

A
82
Q

E; When might you carry out enhanced due dilligence checks on a client?

A

Over 10,000 per month?

83
Q

E: What is the RICS policy on the use of social media?

A
84
Q

E: You do a piece of work and you then receive a complaint from the client, how would you go about this?

A
85
Q

E: What about if the client was still unhappy, how would you raise it with the RICS?

A
86
Q

E: What disciplinary procedures would you receive from the RICS in relation to a complaint?

A
87
Q

E: What three levels of discplinary action are there?

A
88
Q

E: How do you close a RICS practice?

A
89
Q

E: Can you tell me about anything that is topical about property at the moment?

A
90
Q

E: What are the three different types of conflict of interest?

A
91
Q

Ethics: What is the difference between conflict avoidance and conflict management?

A
92
Q

Ethics: How might you manage a conflict?

A
93
Q

CS: When was the property built ? and how did you identify this ?

A

Early 2000s -

94
Q
A

Charis APC (10 decks)

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