Key readings Flashcards
Year of Bribery Act and key features (definitions, penalties, case law)
2010
‘Relevant function’ and ‘improper performance’
Can be convicted abroad if business has activity in UK
Penalty = up to 10 years in prison and unlimited fine
Case law = Airbus - UK subsidiaries although non-UK based
RICS Managing Communications
Type, year, 2 key considerations
Archived, 2013
Two areas are:
- The Science of comms (stakeholder management, strategy, plans)
- The Art of comms (awareness, empathy, understanding, word choice, comms channel)
Surveying Safely
Year, type, key points
Professional standard, 2018
Individual and firm responsibilities
‘Safe person’ concept
Hierarchy of risk control (elimination, substitution, engineering controls, admin controls, PPE/equipment
The control of asbestos regulations
Type, year, key points
Govt legislation, 2012
‘Duty holder’ concept - to search, manage and record asbestos
Non-licensed, notifiable non-licensed and licensed work
RICS Asbestos: Legal Requirements and best practice for property professionals and clients 2021
Type, year, key points
RICS Guidance note, 2021
Describes why asbestos is used and where
Friability concept
Types of survey
How to manage and record
Health and Safety at Work Act
Type year key points
Govt legislation 1974
Duties of employers and employees
Role of HSE
Building Safety Act
Year, background, key points
2017 following Grenfell/Hackitt review
High risk (18m/ 7 storeys 2 dwellings) - notify BSR and produce ‘building safety case’, ‘accountable person’
Role of Building Safety Regulator
Construction gateways
Requirement for info Golden Thread
Fire Safety (England) Regulations
2022
More on operational side
Role of responsible persons and high risk buildings duties - evacuation plan, info on reporting issues and reacting to fires
Info to provide residents - fire info box, clear plans, keep fire doors shut and untampered
RICS Complaints Handling
Type year key points
Professional standard 2016
Defines complaint - ‘expression of dissatisfaction’
Why good to reduce complaints
Effective CHP factors - suitable for business, clear, available to staff who understand it, available for clients, reviewed regularly, PI consideration, provides redress scheme (ADR)
Data Protection Act and GDPR
Year ket points
2018
Includes the GDPR
8 individual rights
Penalties for misuse - up to 20 mil or 4% of global turnover
Document M - Access to and use of buildings
Year ket points
2016
Let guidance for making fair access - e.g. disabled access and requirements (e.g. dimensions, ramp gradients, etc.)
What introduced MEES
‘The energy efficiency (private rented property) England and wales regs 2015
MEES effective from 2018
Min = E
Criteria for exemptions
Non compliance penalties
UK Residential Real Estate Agency
Type, year, key points
Professional statement, 2017
2 parts - professional statement of how to conduct activity. Section 2 more details guidance on key stages of acting as an agent. Finally, glossary of key terms - such as agency types, types of sale, ready willing able purchasers
Duty of care to who you are representing
Guidance on receiving instructions - terms of engagement and key rules of conduct things like conflict of interest and complaints handling
Need for EPCs when marketing
On market appraisals - must clarify to client not a red book valuation, but show best advice with evidence of current market conditions
Honest advertising - other key regs
Introduced ‘ready, willing and able purchaser’
Defines types of agency agreement and agent rights
Must be aware of vulnerable customers
RICS Comparable Evidence in real estate valuation
Type year ket points
Professional standard, 2023
Good comps: comprehensive, recent, location, similarity, verifiable, fair open market
How to do a comps valuation
Categories of evidence
RICS Valuing Residential Property Purpose Built for Renting
Type year key points
Professional standard 2018
Key steps:
Gross income
Operating expenses
NOI
Capitalised NOI
Caped costs
Derives value
Benchmarked
Purchasers costs
Final recommended value
