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RICS APC > Key Legislation and Guidance > Flashcards

Key Legislation and Guidance Flashcards

1
Q

What is key regulations and RICS guidance on PI can you name?

A
  1. RICS regulation - Profesional Indemnity Insurance Requirements 2021
  2. RICS guidance note - Risk, liability and Insurance 2021
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2
Q

What is the key proposal of the energy white paper?

A

Net zero emissions by 2050

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3
Q

What act applies to Estate agency for disposal of all property types?

A

Estate agency act 1979

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4
Q

What legislation related to equal opportunities?

A

Equality act 2010

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5
Q

What bribery legislation should you refer to when considering hospitality?

A

Bribery act 2010

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6
Q

What RICS guidance note relates to valuing development property?

A

RICS guidance note - valuation of development property 2019

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7
Q

What are the protection of bats legislation?

A

Wildlife and countryside act 1981

Conservation of habitats and species regulations 2017

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8
Q

What RICS H&S guidance should you refer to?

A

RICS guidance note - surveying safely; H&S principles for property professionals 2018 (2nd Edition)

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9
Q

What act introduced the rent act on tenants?

A

Rent act 1977 applies to certain leases before 1989

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10
Q

What act defines the polluter pays principle?

A

Environmental protection act 1990

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11
Q

When was asbestos banned and what act controls this?

A

White asbestos banned in 1999. Control of asbestos regulations 2012

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12
Q

What RICS guidance relates to place making?

A

RICS information paper - Placemaking and value 2016

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13
Q

What RICS guidance relates to disciplinary panels and appeals?

A

RICS regulation - disciplinary, registration and appeal panel rules

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14
Q

Which act liberalised CPO & sped up planning decisions, imposing objective of sustainable development on plan making authorities?

A

Planning and compulsory purchase act 2004

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15
Q

What is the RICS red book?

A

RICS valuation global standards 2020 (PS)

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16
Q

Which PS defines measurement of whole life cycle, operational and embodied carbon?

A

Whole life carbon assessment for the built environment 2017

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17
Q

What are the RICS rules of conduct papers?

A

RICS regulation - Rules of Conduct for members and firms 2020

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18
Q

When did lease accounting change?

A

IFRS introduced in Jan 19 means leases must be on balance sheet

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19
Q

What act introduced local plans and S106

A

Town and country planning act 1990

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20
Q

What RICS guidance note relates to remediation and other enviromental matters?

A

RICS guidance note - environmental risks and global real estate 2018

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21
Q

What regulation defines offences for treating consumers fairly?

A

Consumer protection from unfair trading regulations 2008

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22
Q

What act relates to information being accurate for vendor and agent?

A

Misrepresentation act 1967

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23
Q

What act relates to use of disclaimers in contracts?

A

Unfair contract terms act 1977

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24
Q

What act relates to fire safety

A

Fire safety order 2005

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25
Q

What is the RICS professional statement relating to Auctions?

A

RICS PS - Auctioneers selling real estate 2018

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26
Q

Which guidance relates to valuation of residential flats in multi storey buildings?

A

RICS guidance note - Valuation of properties in multi storey, multi occupancy residential buildings with cladding 2021

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27
Q

What legislation introduced MEES?

A

The energy efficiency (private rented property) England and Wales regulations 2015

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28
Q

What legislation introduced rights of light?

A

S62 of the Law and Property act 1925

Rights of light act 1959

29
Q

Which RICS guidance relates to rights of light?

A

RICS guidance note - rights of light 2016

30
Q

Which act defines prescription?

A

Prescription act 1832

31
Q

When did the climate change levy rates change?

A

1st April 2021 climate change levy. U.K. wide tax on fuels for business and public sector.

32
Q

What are the current RICS rules of registration ?

A

RICS regulation - rules for the registration of firms 2020

33
Q

What 2 disciplinary regulations do you need to consider?

A

RICS regulation - disciplinary, registration and appeal panel rules 2019

RICS regulation - consultation of conduct and appeal committee rules 2019

34
Q

Which RICS guidance covers client money handling?

A

RICS ps - client money handling 2019

35
Q

What act relates for freedom of information?

A

Freedom of information act 2000

36
Q

Part L of the building regulations is enforceable from when?

A

Part L conservation of fuel and power: jun 2022

37
Q

What act defines liability period for PI and retention of files?

A

Limitation act 1980

38
Q

Which act introduced GDPR?

A

Data protection act 2018

39
Q

What legislation defines the reporting framework for firms?

A

Companies act 2006

40
Q

What changes were recently made to part B of the building regulations?

A

Fire safety changes in November 2021.

Required sprinklers in buildings over 11m

Prohibit use of combustible materials on relevant buildings over 18m (Hackett reviews 2018)

41
Q

What 2 conflict of interest papers are key?

A

RICS ps - conflict of interest 2017

RICS guidance note - conflict avoidance and dispute resolution on construction 2021

42
Q

What is current NPPF?

A

February 2021

43
Q

What acts have LPAs more flexibility with regard to finances and consulting communities?

A

Localism act 1990 - updated 2011

44
Q

What replaced code for sustainable homes?

A

Technical housing standards 2015

45
Q

Which act introduced CIL?

A

Planning act 2008; community infrastructure levy regulations 2010

46
Q

Which act placed duty of LPAs to designate conservation areas and ensure conservation area context required for demonstration?

A

Planning listed building & conservation act 1990

47
Q

When we’re CDM regulations updated?

A

April 2015

48
Q

Name three pieces of money laundering regulations?

A
  1. 5th anti money laundering directive 2020
  2. Money laundering, terrorist financing and transfer of funds (information on the payer) regulations 2017
  3. Proceeds of crime act 2002
49
Q

What RICS guidance relates to agency in commercial properties?

A

RICS ps U.K. commercial real estate agency 2016

50
Q

What guidance for estate agents requires acting honestly, fair and transparently?

A

RICS ps - real estate agency and brokerage 2016

51
Q

What is the U.K. real estate agency guidance?

A

RICS professional statement - U.K. residential real estate agency 2017

52
Q

What rics guidance relates to retrofitting existing housing stock?

A

RICS policy provision paper: retrofitting to decarbonise existing housing stock 2020

53
Q

What is the U.K. national supplement to the RICS red book?

A

RICS valuation global standards 2017: U.K. national supplement (effective from jan 2019)

54
Q

What are the key dates for Paris and Kyoto protocols?

A

Kyoto: signed in 1997 and effective from 2005

Paris signed in 2015 and effective from 2016

55
Q

What regulation governs approved adr mechanisms?

A

RICS regulation - adr mechanisms 2020

56
Q

Which rics guidance relates to complaints handling?

A

RICS guidance note ‘complaints handling’ 2016

57
Q

Which act introduced carbon budgets and limits greenhouse gas emissions?

A

U.K. climate change act 2008

58
Q

What is RICS paper for countering bribery and money laundering?

A

RICS ps - countering bribery and corruption, Money laundering and terrorise financing 2019

59
Q

What is RIBA guidance for briefs?

A

RIBA plan of work 2020

60
Q

Which regulation governs the use of the RICS logo?

A

RICS regulation - rules for the use of the RICS logo and designation by firms 2020

61
Q

What are the key dates for MEES?

A

April 2018: new resi and commercial leases require minimum E rating

April 2019: landlords spend £3.5k if not epic E rated

April 2020: existing residential leases must be E even if no change in tenancy

April 2023: existing commercial leases E

62
Q

What is current property measurement guidance?

A

RICS professional statement ‘Property measurement” 2018

63
Q

Which RICS guidance relates to comparable evidence?

A

RICS guidance note - comparable evidence in real estate valuation 2019

64
Q

Which act placed duty of employers to ensure safety of their employees?

A

Health and safety at work act 1974

65
Q

When we’re UN sustainable development goals introduced and what RICS papers relate to them?

A

Introduced in 2015 to be achieved by 2030

RICS implementing the UN SDGs

RICS fostering the implementation of the SDGs in Land, construction, real estate and infrastructure.

66
Q

What is RICS guidance surround planning viability?

A

Assessing viability in planning under the national planning policy framework 2019 for England (2021)

67
Q

What are the minimum levels of indemnity in RICS regulation ‘professional indemnity insurance requirements’ 2020

A

Firm turnover previous year: £200,001

Min. Level of indemnity: £250k, £500k, £1,000,000

68
Q

What is the guidance relating to valuation of new build homes?

A

RICS guidance note Valuation of individual new build homes 2019

69
Q

What is legislation surrounding Adjudication?

A

Housing grants, construction and regeneration act 1996

RICS APC (12 decks)

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