Data Management - Level 1 (Ready) Flashcards

1
Q

What databases do you use?

A
  • Molior
  • LandInsight
  • CoStar
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2
Q

What are the GDPR regulations?

A
  • General Data Protection Regulations
  • Relates to personal data
  • Aims to create single data protection scheme for anyone doing business in EU
  • Gives people more rights to be informed about how their data is used
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3
Q

What are the key principles of the Data Protection Act 2018?

A
  • UK’s implementation of GDPR 2016

- Complete data protection system

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4
Q

What did you learn on your CPD on Co-Star?

A
  • How to check the age of a building
  • How to check the tenants of a building and length of lease
  • How to check the rental income
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5
Q

What can you tell me about how to use Pro-Map?

A
  • Can use Pro-map to measure site

- Can use Pro-map to check site boundary

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6
Q

When did GDPR come into effect?

A

25th May 2018

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7
Q

What legislation caused GDPR to come into effect?

A

The Data Protection Act 2018

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8
Q

What are key requirements of GDPR?

A
  • Obligation to conduct risk assessments on holding data
  • New rights for individuals to access information
  • Data Controller decides how and why data is processed and assumes responsibility
  • “Data Accountability” requiring organisations to prove to ICO (Information Commissioners Office) that they comply
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9
Q

What are the key elements of a NDA

A
  • Identity of parties
  • Definition of what is confidential
  • Scope of confidentiality
  • Exclusions
  • Length of agreement
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10
Q

What are Automated Valuation Models

A
  • Software systems which can provide valuations using mathematical modelling
  • Most commonly used for residential property
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11
Q

Can you tell me three principles of GDPR?

A
  • Data minimisation
  • Accuracy
  • Storage limitation
  • Integrity and confidentiality
  • Lawfulness, fairness and transparency
  • Purpose Limitation
  • Accountability
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12
Q

What do the Privacy and Electronic Communications Regulations 2003 apply to?

A
  • Give people privacy rights relating to electronic communications
  • Make it unlawful to transit an automated recorded messages for direct marketing purposes via telephone without prior consent of the subscriber
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13
Q

What is copyright?

A
  • Gives its owner exclusive rights to make copies of a creative work, usually for a limited time
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14
Q

Can a copyright be transferred?

A

Yes, but confirmation of the transfer has to be made in writing

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15
Q

What is the Freedom of Information Act 2000?

A

Gives the public access to information held by public authorities

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16
Q

Can you tell me about the retention of files under the Limitation Act 2000?

A
  • Files should be kept for 6 years as this is the standard period of limitation under the Limitation Act 1980
17
Q

Can you give me examples of primary and secondary data sources?

A
  • Primary data is information that is new and collected specifically for our purposes
  • Secondary data is information that has been collected by others
18
Q

When using CoStar etc, how do you validate information?

A
  • Contacting the relevant agents

- Cross checking against other sources

19
Q

What is a firewall?

A
  • Security system that controls incoming and outgoing traffic based on predetermined security rules
20
Q

What does blockchain mean?

A
  • Digital record of transactions.
21
Q

What is BIM and how can it be used?

A
  • Building Information Modelling

- Can be used to lower costs of construction

22
Q

Can you tell me how you have regard to the GDPR principles in your role?

A
  • Ensure that I do not hold information unnecessarily

- Ensure that I keep data secure

23
Q

How does GDPR apply to the UK following our exit from the European Union?

A
  • UK GDPR has been written in to an amended version of the Data Protection Act 2018
  • Still applies the same principles
24
Q

What are the key requirements of GDPR?

A
  • Conduct DP impact assessments for high risk holding of data
  • Individuals can access information on what info is held and have it erased
  • Data controller decides how and why personal data is processed
  • Accountability - Have to prove to ICO how you comply
25
Q

What are the penalties for breaching GDPR?

A
  • Up to 4% of global turnover of company or £20m (whichever greater)
26
Q

What rights does GDPR give individuals?

A
  • Access
  • Informed
  • Rectified
  • Erased
  • Restricted
  • Portability
  • Objection
  • Automated decision making and profiling
27
Q

How has your firm changed their data management practices to comply?

A
  • Appointed data controller
  • Trained staff
  • Ensured correct firewalls in place
28
Q

What are the key principles of GDPR?

A

SIX key principles

  • Lawfulness, fairness, and transparency
  • Purpose limitation
  • Data minimisation
  • Accuracy
  • Storage
  • Integrity and confidentiality
  • Accountability
29
Q

What 8 individual rights does GDPR give?

A

8 Individual rights:

  • Informed
  • Access
  • Rectify
  • Erase
  • Restrict processing
  • Portability
  • Object
  • Automated decision making and profiling
30
Q

How do you ensure that you comply with the requirements of GDPR?

A
  • Obligation to conduct risk assessments on holding data
  • New rights for individuals to access information
  • Data Controller decides how and why data is processed and assumes responsibility
  • “Data Accountability” requiring organisations to prove to ICO (Information Commissioners Office) that they comply
31
Q

Are you aware of any legislation relating to Data Protection?

A
  • The Data Protection Act 2018
  • Freedom of Information Act 2000
  • The Limitation Act 2000
32
Q

What are the key principles of the DPA 2018?

A
  • UK’s implementation of GDPR
33
Q

What does the Limitation Act say about data?

A
  • Files should be kept for 6 years given that this is the standard period for limitation under the Limitation Act
34
Q

What is the Freedom of Information Act 2000?

A
  • Gives public access to information held by public bodies