Key Guidance & Legislation Flashcards
COMPETENCIES:
Ethics, Rules of Conduct & Professionalism; ;Client Care
- RICS Rules of Conduct 2021
- Equality Act 2010
- Bribery Act 2010
- RICS Professional & Ethical Standards
- RICS International Ethical Standards 2017
RICS Professional Statements:
- Countering bribery and corruption, money laundering and terrorist financing 1st edition, 2019
- Conflicts of Interest 1st Edition, 2017
- Client Money Handling 1st Edition, 2019
COMPETENCY:
Health & Safety
- Health and Safety for Residential Property Managers, 1st edition (2016)
- Building Safety Bill
- Fire Safety Bill
- Health Safety at Work Act 1974
- Management of Health and Safety at Work Regulations 1999
- RICS Surveying Safely (2nd ed. - 2019)
COMPETENCY:
Accounting Principles & Procedures
(Think client money)
- Service Charge Residential Management Code
- Client Money Handling 1st Edition, 2019
- Client Money Protection Scheme Rules 2019
COMPETENCY:
Conflict avoidance, management and dispute resolution procedures
- RICS Complaints Handling, 1st Edition, 2016
- Conflicts of Interest 1st Edition, 2017
COMPETENCY:
Data Management
- Data Protection Act 1998
- General Data Protection Regulation 2018
COMPETENCIES:
Diversity, Inclusion & Team Working
Inclusive Environments
- RICS Rules of Conduct
- Equality Act 2010
- Building Regulations, Approved Document M
COMPETENCY:
Sustainability
- Minimum Energy Efficiency Standards 2018
- UN Global Compact
- Environment Act 2021
COMPETENCY:
Valuation
- RICS Global Valuation Standards (The Red Book) 2020
- The Leasehold Reform Act 1993
RICS Guidance Notes:
- Valuing residential property purpose built for renting 1st edition, 2018
- Comparable evidence in real estate valuation, 1st edition, 2019
COMPETENCY:
Inspection
RICS guidance note
- ‘Surveying Safely: Health and Safety Principles for Property Professionals’ (2nd edition, November 2018).
COMPETENCY:
Measurement
- Property Measurement Professional Statement, 2nd edition, 2018
- IPMS (1-3)
COMPETENCY:
Property Management
- Landlord & Tenant Act 1985
- Landlord & Tenant Act 1987
Guidance Note
- Health and safety for residential property managers 1st edition, 2016
Professional Statement
- Real estate management 3rd edition, 2016
- RICS Service Charge Residential Management Code, 3rd edition, 2016
What are the 4 possible exemptions from compliance with the Minimum Energy Efficiency Standards (MEES) 2018?
- Consent - i.e. Landlord cant gain the adequate consents (planning) to carry out the works
- Devaluation - if the works would devalue the property by more than 5% (according to a surveyor)
- Temporary exemption - i.e. a new landlord has acquired the property - lasts for 6 months
- Nothing more to be done - where all reasonable works have already been completed - lasts for 5 years
Who governs / polices GDPR and what are the potential penalties?
UK - ICO (Information Commissioner’s Office)
A maximum fine of £17.5 million or 4% of annual global turnover – whichever is greater
ICO can take a range of other actions, including:
- Issuing warnings and reprimands;
- Imposing a temporary or permanent ban on data processing;
- Ordering the rectification, restriction or erasure of data; and
- Suspending data transfers to third countries.
Name four key agenda items for this session of parliament, announced by Prince Charles in May.
• Social Housing Regulation Bill
• Renters Reform Bill
• Levelling Up and Regeneration Bill
• Leasehold and Commonhold Reform Act (not being
enacted this year)
Briefly describe the Social Housing Regulation Bill, announced at the opening of parliament.
o The Bill will increase social housing tenants’ rights to better homes and enhance their ability to hold their landlords to account by allowing the Regulator of Social Housing to intervene with landlords who are underperforming on consumer issues.
o Will implement tenant satisfaction measures which will allow tenants to measure their landlord’s performance.