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
I: Different construction
26
I: Whats the difference between CAT A & CAT B fit out in offices?
27
V: What are 5 methods of valuation
28
V: Can you tell me about the hierarchy of evidence in the comparable method?
There are different levels - Ella add in
29
V: How do you find comps?
30
V: What's a reversionary yield?
31
V: What is the Red Book?
32
V: When was the Red Book last updated?
33
V: What is the difference between a residual valuation and development appraisal?
34
V: What is a sensitivity analysis?
35
V: When would you use a sensitivity analysis
36
V: As part of PS1 within the Red Book, could you name me the 5 exceptions when not providing a Red Book Valuation
37
M: How would you measure an Office?
NIA
38
M: What is excluded from NIA?
39
M: On your office in Weybridge you've measured on an NIA, is there any other way you could measure the unit?
40
M: How do you measure an industrial unit on a GIA basis?
41
M: When would you measure on a GEA basis?
42
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.
43
M: How would you measure an industrial unit?
44
M: How would you measure the minimum eaves of the property?
To the underside of the eaves haunch
45
L&L: Could you talk me through the estates agents act - when does it apply?
46
L&L: What does the estates agents act say?
47
L&L: What is the difference between an assignment and subletting?
48
L&T: Mention zoning in your subs, what is that?
49
L&T: What is the L&T Act 1954?
50
L&T: What is security of tenure?
51
L&T: Can you tell me about any specific section of the Act?
Section 30: Landlords grounds to oppose a lease renewal.
52
L&T: What are the grounds within S.30 of the L&T Act?
53
L&T: What is the difference between a lease and a licence?
54
L&T: What characteristics make a lease a lease?
55
L&T: Do you know any case law relevant to a lease v licence?
56
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?
57
P&S: Why is it important to interrogate funding when someone is purchasing a building?
58
P&S: What may be a more risky funding structure?
59
P&S: What are the methods of purchase & sale?
60
P&S: What would be the process when selling a building? (from start to finish)
61
P&S: What are the benefits of Private Treaty?
62
P&S: Is there any method of sale where you are bound to sell something?
63
P&S: When are you bound to sell
on the gavel you are bound to sell
64
P&S: Is VAT charged on all transactions?
65
P&S: Do you know anything about the transfer of going concerns?
66
DM: How do you ensure your data is stored securely?
67
DM: What does GDPR standard for?
68
DM: What does GDPR ensure?
69
DM: What are some of the principles of UK GDPR?
70
DM: What could be the punishments if you break UK GDPR law?
71
DM: How much could you be fined for breaking UK GDPR?
72
DM: Who polices UK GDPR?
73
DM: Do you know anything about the Freedom of Information Act?
74
E: What are the 5 Rules of Conduct?
75
E: You have listed the Bribery Act 2010, can you tell a little bit about this?
76
E: What are the six principles of the Bribery Act 2010?
77
E: What are the four offences of the Bribery Act 2010?
to bribe, being bribed, not reporting a bribe ANOTHER ONE
78
E: If you were in a room and client tried to offer you a bribe, what would you do?
79
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?
80
E: Whats an AML and why do you have to do it?
81
E: What do you actually do if you're carrying out an AML check? What does the AML team actually do?
82
E; When might you carry out enhanced due dilligence checks on a client?
Over 10,000 per month?
83
E: What is the RICS policy on the use of social media?
84
E: You do a piece of work and you then receive a complaint from the client, how would you go about this?
85
E: What about if the client was still unhappy, how would you raise it with the RICS?
86
E: What disciplinary procedures would you receive from the RICS in relation to a complaint?
87
E: What three levels of discplinary action are there?
88
E: How do you close a RICS practice?
89
E: Can you tell me about anything that is topical about property at the moment?
90
E: What are the three different types of conflict of interest?
91
Ethics: What is the difference between conflict avoidance and conflict management?
92
Ethics: How might you manage a conflict?
93
CS: When was the property built ? and how did you identify this ?
Early 2000s -
94