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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
What is the RICS professional statement relating to Auctions?
RICS PS - Auctioneers selling real estate 2018
26
Which guidance relates to valuation of residential flats in multi storey buildings?
RICS guidance note - Valuation of properties in multi storey, multi occupancy residential buildings with cladding 2021
27
What legislation introduced MEES?
The energy efficiency (private rented property) England and Wales regulations 2015
28
What legislation introduced rights of light?
S62 of the Law and Property act 1925 Rights of light act 1959
29
Which RICS guidance relates to rights of light?
RICS guidance note - rights of light 2016
30
Which act defines prescription?
Prescription act 1832
31
When did the climate change levy rates change?
1st April 2021 climate change levy. U.K. wide tax on fuels for business and public sector.
32
What are the current RICS rules of registration ?
RICS regulation - rules for the registration of firms 2020
33
What 2 disciplinary regulations do you need to consider?
RICS regulation - disciplinary, registration and appeal panel rules 2019 RICS regulation - consultation of conduct and appeal committee rules 2019
34
Which RICS guidance covers client money handling?
RICS ps - client money handling 2019
35
What act relates for freedom of information?
Freedom of information act 2000
36
Part L of the building regulations is enforceable from when?
Part L conservation of fuel and power: jun 2022
37
What act defines liability period for PI and retention of files?
Limitation act 1980
38
Which act introduced GDPR?
Data protection act 2018
39
What legislation defines the reporting framework for firms?
Companies act 2006
40
What changes were recently made to part B of the building regulations?
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
What 2 conflict of interest papers are key?
RICS ps - conflict of interest 2017 RICS guidance note - conflict avoidance and dispute resolution on construction 2021
42
What is current NPPF?
February 2021
43
What acts have LPAs more flexibility with regard to finances and consulting communities?
Localism act 1990 - updated 2011
44
What replaced code for sustainable homes?
Technical housing standards 2015
45
Which act introduced CIL?
Planning act 2008; community infrastructure levy regulations 2010
46
Which act placed duty of LPAs to designate conservation areas and ensure conservation area context required for demonstration?
Planning listed building & conservation act 1990
47
When we’re CDM regulations updated?
April 2015
48
Name three pieces of money laundering regulations?
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
What RICS guidance relates to agency in commercial properties?
RICS ps U.K. commercial real estate agency 2016
50
What guidance for estate agents requires acting honestly, fair and transparently?
RICS ps - real estate agency and brokerage 2016
51
What is the U.K. real estate agency guidance?
RICS professional statement - U.K. residential real estate agency 2017
52
What rics guidance relates to retrofitting existing housing stock?
RICS policy provision paper: retrofitting to decarbonise existing housing stock 2020
53
What is the U.K. national supplement to the RICS red book?
RICS valuation global standards 2017: U.K. national supplement (effective from jan 2019)
54
What are the key dates for Paris and Kyoto protocols?
Kyoto: signed in 1997 and effective from 2005 Paris signed in 2015 and effective from 2016
55
What regulation governs approved adr mechanisms?
RICS regulation - adr mechanisms 2020
56
Which rics guidance relates to complaints handling?
RICS guidance note ‘complaints handling’ 2016
57
Which act introduced carbon budgets and limits greenhouse gas emissions?
U.K. climate change act 2008
58
What is RICS paper for countering bribery and money laundering?
RICS ps - countering bribery and corruption, Money laundering and terrorise financing 2019
59
What is RIBA guidance for briefs?
RIBA plan of work 2020
60
Which regulation governs the use of the RICS logo?
RICS regulation - rules for the use of the RICS logo and designation by firms 2020
61
What are the key dates for MEES?
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
What is current property measurement guidance?
RICS professional statement ‘Property measurement” 2018
63
Which RICS guidance relates to comparable evidence?
RICS guidance note - comparable evidence in real estate valuation 2019
64
Which act placed duty of employers to ensure safety of their employees?
Health and safety at work act 1974
65
When we’re UN sustainable development goals introduced and what RICS papers relate to them?
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
What is RICS guidance surround planning viability?
Assessing viability in planning under the national planning policy framework 2019 for England (2021)
67
What are the minimum levels of indemnity in RICS regulation ‘professional indemnity insurance requirements’ 2020
Firm turnover previous year: £200,001 Min. Level of indemnity: £250k, £500k, £1,000,000
68
What is the guidance relating to valuation of new build homes?
RICS guidance note Valuation of individual new build homes 2019
69
What is legislation surrounding Adjudication?
Housing grants, construction and regeneration act 1996

RICS APC (12 decks)

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