Docs and Legislation

Question 1

What RICS Documents relate to Ethics

Answer 1

• Guidance Note - Complaints Handling (2016)
• Professional Statement - Conflict of Interest - UK Commercial Property Market Investment Agency (2018)
• Professional Statement - Countering Bribery and Corruption, Money Laundering and Terrorist Financing (2019)
• Professional Statement - Client Money Handling (2019)

Question 2

What does the RICS complaints handling guidance note say?

Answer 2

Scope
Introduction
Value of ToE in reducing complaints
Complaints Handling Procedure
Understanding requirements for PI
Why clients complain
Receiving a complaint
Evaluating a complaint
Initial response to claimant
Additional investigations
Escalation
Learning from experience

Question 3

What does the RICS conflict of interest - uk commercial property market investment agency say?

Answer 3

Introduction
Dual Agency
Multiple Inductions
Incremental Advice

Question 4

What does countering bribery and corruption, money laundering and terrorist financing professional statement say?

Answer 4

1. Requirements
2. Guidance
3. Supplementary Guidance

Question 5

What does the clients money handling professional statement say?

Answer 5

RICS Client Money Protection Scheme Rules
Requirements for RICS firms and members
Holding client money
Information for clients
Receipts of client money
Payments from client account
Accounting records and controls

Question 6

What RICS documents relate to Valuation?

Answer 6

• Professional Statement RICS Valuation - Global Standards 2020
• Professional Statement UK National Supplement, Global Standards 2017
• Guidance Note - Sustainability and Commercial Property Valuation (2013)
• Guidance Note - Valuing Residential Property Purpose Built for Renting 2018
• Guidance Note - Comparable Evidence in Real Estate Valuation 2019

Question 7

What RICS documents relate to measurement?

Answer 7

Professional Statement - RICS Property Measurement 2018 (2nd Edition)
Guidance Note - Code of Measuring Practice 2015 (6th Edition)

Question 8

What does the Surveying Safely: Health and Safety Principles for Property Professionals guidance note say?

Answer 8

Personal responsibilities and firms
Relevance of RICS professional groups
Assessing hazards and risks
RICS members places of work
Occupational Health and Hygiene
Visiting premises or sites
Fire Safety
Residential property surveying
Procurement and management contractors

Question 9

What does the Asbestos and Its Implications for Surveyors and their clients guidance note say?

Answer 9

Introduction
Risks to surveyors
Surveyor responsibilities 
Responsibilities for others
Services offered by surveyors 
Limitations and exclusions
Insurance
Asbestos survey
Sampling asbestos
Management plan
Types of property
Asbestos removal
Encapsulation
Environmental Clean
Demolition and clearance

Question 10

What Legislation is in place for agency?

Answer 10

Misrepresentation Act 1967
Consumer Protection Regulations 2008
Consumer Rights Act 2015

Question 11

What legislation is in place for sustainability?

Answer 11

Minimum Energy Efficiency Standards 2015
Building Regulations 2020
Localism Act 2011

Question 12

What legislation is in place for data management?

Answer 12

Freedom of Information Act 2000
General Data Protection Regulations 2016
Data Protection Act 2018

Question 13

What does the professional statement RICS Valuation - Global Standards 2020 say?

Answer 13

Professional Standards -
PS 1 - Comliance
PS 2 - Ethics

Valuation Practice Standards
VPS 1 - ToE
VPS 2 - Inspection and investigations
VPS 3 - Reports
VPS 4 - Bases of value, assumptions and special ass.
VPS 5 - Valuation approaches and methods

Valuation Practice Guidance Areas
VPGA 1 - Financial Reporting
VPGA 2 - Secured Lending
VPGA 8 - Real Property Interests 
VPGA 10 - Market Uncertainty

Question 14

What does the professional statement UK National Supplement Global standards say?

Answer 14

PS 1 - Compliance
UK VPS 1 - ToE Red Book Compliance
UK VPS 2 - ToE Scotland
UK VPS 3 - Regulated purpose valuations
UKVPGA 1 - Financial Reporting
UKVPGA 10 - Secured Lending Purposes

Question 15

What does the guidance note - sustainability and commercial property valuation say?

Answer 15

Introduction
Role of Valuer
Assessing a buildings sustainability characteristics
Reflecting sustainability characteristics in market value, fair value, market rent, investment value
Conclusions

Question 16

What does the guidance note - comparable evidence in real estate valuation 2019 say?

Answer 16

Introduction 
General principles of comparable evidence
Comparable evidence in real estate valuation
Sources of comparable evidence
Recording comparable evidence
Analysis of comparable evidence
Dealing with a shortage of evidence
Relevant standards and guidance

Question 17

What does the guidance note - valuing residential property purpose built for renting 2018 say?

Answer 17

Scope
Introduction
Form of tenancy
Valuation considerations
Valuation approach
Benchmarking

Question 18

What does the guidance note - code of measuring practice 2015 say?

Answer 18

Definitions GEA, GIA and NIA
Technical definitions
Special use definitions - shops, residential agency, residential valuations, net sales area, effective floor area, leisure

Question 19

What does the guidance note - valuation of development property 2019 say?

Answer 19

Introduction
Development valuation process
Establishing the facts
Assessing development potential 
Valuation: the market approach
Valuation: the residual method
Risk analysis and residual profit
Land in the course of the development
Reporting the valuation

Question 20

What does the professional statement - financial viability in planning conduct and reporting 2019 say?

Answer 20

Introduction
Reporting and processing requirements
Legislation, the development plan and professional guidance 
Duty of care and due diligence 
Transparency of information

Question 21

What does the code for leasing business premises 2020 professional statement say?

Answer 21

Introduction
Mandatory requirements - negotiations and HoTs
Lease negotiation best practice
Appendix example HoTs

Question 22

What does the Real Estate Agency and Brokerage professional statement say

Answer 22

Ethics
Securing instructions
Acting for the Seller: marketing the property
Acting for the seller: agreeing the sale or lease
Acting for the buyer
Ending the instruction
Safety and security 
Agency management

Question 23

What does the UK commercial real estate agency professional statement say?

Answer 23

Scope
Standards and Ethics
Securing instructions
Disposals marketing the property 
Implementing the disposal
Acquisitions
Ending the instruction