Key Questions Flashcards

Question

What must client accounts be according to RICS Professional Standard Client money handling 2019

Answer 1

1. Kept separate 2. Clearly labelled client 3. Client must be able to have monies on demand 4. Payment of interest agreed and kept in credit 5. Display client money handling procedures on website 6. Payments agreed with two authorised signatories

Answer 2

1. Not offer or accept anything that could constitute a bribe 2. Have procedures in place to comply with the law 3. Report suspicions to serious fraud office 4. Act with due diligence 5. Retain records

Answer 3

1. Not offer or accept anything that could constitute a bribe 2. Have procedures in place to comply with the law 3. Report suspicions to serious fraud office 4. Act with due diligence 5. Retain records

Answer 4

Outset of a transaction I request the company to provide me with their company number, registered address, names of company directors I then share this with the compliance department who conduct checks to certify the documentation as well as checking where client money is coming from through validating with banks, checking statements and identically beneficial owners.

Answer 5

Concealing criminal property Arrangement Acquisition, use and possession

Answer 6

1. Must have risk assessment 2. Implement systems, policies and controls 3. Appropriate internal controls 4. Training for staff 5. Comply with new customer and enhanced DD requirements 6. AML checks and check source of funds 7. Consider high risk factors for when assessing need for enhanced DD

Answer 7

1. Building doesn’t require an EPC 2. Industrial units with low energy consumption 3. Where tenancy is less than 6months or more than 99 years 4. Where can be proven improvements would devalue by more than 5%

Answer 8

Less than 3 month breach - max 50k More than 3 months breach - max 150k

Answer 9

EPC B by 2030 for all new tenancies

Answer 10

Co published with the UN global compact - advancing responsible business in land, construction, real estate use and investment 2018 How organisations can identify and address the impact of their activities when operating, constructing and designing buildings

Answer 11

Mid market - social - providing care to most vulnerable Environment- reduce embodied carbon through making adaptions to buildings and benefit reduced carbon life cycle costs, more sustainable than new construction which is carbon intensive

Answer 12

Climate change Act 2008 Net zero 2050 - reduction by 78% 2030

Answer 13

Max 5k Min 500

Answer 14

Creating and improving natural habitats to deliver measurable positive impact New developments required to show bio diversity net gain of min 10%

Answer 15

Tax on energy delivered to all non domestic users in the uk Energy from renewables isn’t taxed

Answer 16

Building Research Establishment Environment Assessment Method

Answer 17

Associations and assumptions we hold about someone based on the nine protected characteristics which are deeply engrained and outside of our conscious awareness.

Answer 18

The strategies and processes implemented to integrate individuals and create environments where all are welcome

Answer 19

1. Indirect discrimination 2. Direct discrimination 3. Harassment 4. Victimisation

Answer 20

Singling someone out due to their protected characteristic

Answer 21

Directly treating someone less favourable than someone else because that person belongs to one of the protected groups

Answer 22

Form of discrimination that occurs when a policy, practice or rule is the same for everyone but has a worse effect on someone because of a protected characteristic Eg a non inclusive recruitment process

Answer 23

Relating to DEI, provides advice for larger firms to include 1. Remove bias for recruitment 2. Collect and publish DEI data 3. Provide training and inclusion in practice

Answer 24

1. Fit for purpose 2. Made available to all staff who receive training 3. Readily available to share 4. Reviewed at a senior level 5. Agreed with PII Brokers 6. Include ADR provider

Answer 25

Itemised fee Terms of business Services would provide Timeframe for payment of fee and cost liabilities CHP

Answer 26

1. Conduct research, gather information 2. Understand my clients priorities and non negotiables, lower priority items 3. Understand other parties position 4. Collaborative approach and maintain positive communication 5. Confirmation in writing what was agreed and any actions KNOW WHEN TO WALK AWAY

Answer 27

The inside finished surface comprising more than 50% of the floor to ceiling height for each IDF wall section

Answer 28

Each internal finish of a section of an external wall Ignoring any columns

Answer 29

Measure to the finished surface

Answer 30

Measure to the finished surface

Answer 31

Galleries and balconies

Answer 32

Galleries and balconies

Answer 33

All areas available for direct use measured to the IDF

Answer 34

Generally accessible roof terraces Covered galleries Balconies

Answer 35

Open light wells Upper level voids of an atrium Patio and decks at ground floor External parking Refuse area

Answer 36

Plant Cleaners cupboard WCs Lifts Stairs

Answer 37

Covered galleries Balconies Generally accessible roof terraces In exclusive occupation

Answer 38

Measured to the IDF INCLUDES columns Areas of restricted height below 1.5m Multiple occupiers measurement taken to the middle of the partition wall Covered galleries, balconies for exclusive use are included but stated separately

Answer 39

Internal face or perimeter wall

Answer 40

With features such as windows or covered galleries as IPMS includes these when measuring to the IDF

Answer 41

The internal face of the perimeter wall

Answer 42

Still best practice document for all measurement exercises except for offices and resi

Answer 43

Planning Building cost estimates

Answer 44

Area of the building measured to the internal face of the perimeter wall

Answer 45

Canopies Perimeter wall thickness Fire escapes Covered ways Voids over/ under structural stepped floors

Answer 46

Areas occupied by internal walls and partitions Columns Mezzanine floors with permanent access Area with head room less than 1.5 Atria and entrance halls

Answer 47

Yes all columns chimneys and other internal projections are not removed

Answer 48

Accurate to 1.5mm up to 200m

Answer 49

Reinforced Autoclaves Aerated Concrete

Answer 50

potential for concrete to be poorly compacted, leading to voids and honeycombing

Answer 51

Concern about long term durability Strength loss

Answer 52

Act's core focus is on tackling barriers to investing into energy efficiency introduced the Green Deal, which aims to facilitate and finance energy efficiency improvements in homes and businesses.

Answer 53

VPS 4 - inspections investigations and reports No physical inspection must introduce an unacceptable level of risk Verify information If not inspecting must clearly be agreed in the report Keep clear audit trail

Answer 54

Not provide advice until a specialists report is commissioned. I would caveat my advice until a full environmental report was available Once I had the report would reflect remediation costs deducted from the valuation.

Answer 55

Work relating to the same or related instructions for two different parties

Answer 56

The individual who is obliged to ensure all responsible steps are taken and systems in place to comply with rics requirements

Answer 57

Rics regulation Rules for the registration of firms

Answer 58

Provide power for the head of regulation and regulatory tribunal to make disciplinary and regulatory decisions including issuing penalties and costs

Answer 59

Regulatory decision making 2022 RICS Regulatory Tribunals 2022

Answer 60

Relates to the supply of information to the RICS - fine or caution