Data Management - Level 1 (Ready) Flashcards
What databases do you use?
- Molior
- LandInsight
- CoStar
What are the GDPR regulations?
- 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
What are the key principles of the Data Protection Act 2018?
- UK’s implementation of GDPR 2016
- Complete data protection system
What did you learn on your CPD on Co-Star?
- 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
What can you tell me about how to use Pro-Map?
- Can use Pro-map to measure site
- Can use Pro-map to check site boundary
When did GDPR come into effect?
25th May 2018
What legislation caused GDPR to come into effect?
The Data Protection Act 2018
What are key requirements of GDPR?
- 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
What are the key elements of a NDA
- Identity of parties
- Definition of what is confidential
- Scope of confidentiality
- Exclusions
- Length of agreement
What are Automated Valuation Models
- Software systems which can provide valuations using mathematical modelling
- Most commonly used for residential property
Can you tell me three principles of GDPR?
- Data minimisation
- Accuracy
- Storage limitation
- Integrity and confidentiality
- Lawfulness, fairness and transparency
- Purpose Limitation
- Accountability
What do the Privacy and Electronic Communications Regulations 2003 apply to?
- 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
What is copyright?
- Gives its owner exclusive rights to make copies of a creative work, usually for a limited time
Can a copyright be transferred?
Yes, but confirmation of the transfer has to be made in writing
What is the Freedom of Information Act 2000?
Gives the public access to information held by public authorities
Can you tell me about the retention of files under the Limitation Act 2000?
- Files should be kept for 6 years as this is the standard period of limitation under the Limitation Act 1980
Can you give me examples of primary and secondary data sources?
- Primary data is information that is new and collected specifically for our purposes
- Secondary data is information that has been collected by others
When using CoStar etc, how do you validate information?
- Contacting the relevant agents
- Cross checking against other sources
What is a firewall?
- Security system that controls incoming and outgoing traffic based on predetermined security rules
What does blockchain mean?
- Digital record of transactions.
What is BIM and how can it be used?
- Building Information Modelling
- Can be used to lower costs of construction
Can you tell me how you have regard to the GDPR principles in your role?
- Ensure that I do not hold information unnecessarily
- Ensure that I keep data secure
How does GDPR apply to the UK following our exit from the European Union?
- UK GDPR has been written in to an amended version of the Data Protection Act 2018
- Still applies the same principles
What are the key requirements of GDPR?
- 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
