Legislation

Question 1

Health & Safety at Work Act

Answer 1

1974

Question 2

Landlord & Tenants (Covenants) Act

Answer 2

1995

Question 3

Freedom of Information Act

Answer 3

2000

Question 4

The Bribery Act

Answer 4

2010

Question 5

The Equality Act

Answer 5

2010

Question 6

What are three things set out in Contamination, the Environment and Sustainability (2010)

Answer 6

1) the polluter pays principle

2) look at the history of the site

3) speak to a specialist and issue remediation report

Question 7

Valuation Registration Scheme (VRS)

Answer 7

2011

Question 8

What are 3 things set out in Commercial Property Management in England and Wales (2011)

Answer 8

1) Primary duty of care to LL
2) Model ToE
3) Dealing with rent collection

Question 9

Code of Measuring Practice

Answer 9

Guidance Note (2015)

Question 10

Minimum Energy Efficiency Standards (MEES)

Answer 10

2015

Question 11

Conflicts of Interest

Answer 11

2017; Professional Standard

Question 12

Money, Laundering, Terrorist Financing & Transfer of Funds Regulations

Answer 12

2017; Government

Question 13

Service Charges in Commercial Property

Answer 13

2018; Professional Standard

Question 14

What are 3 things included in Surveying Safely (2018)?

Answer 14

1) Hazards vs Risks
2) ‘Safe Person’ concept
3) Going to site (PPE)

Question 15

What are 3 things set out in the Data Protection Act (2018)

Answer 15

1) Individuals have right to understand what data is held

2) Data Controller responsible

3) Policed by Information Commissioners Office (ICO)

Question 16

What are three things outlined in Property Measurement (2018)?

Answer 16

1) IPMS
2) Measurement unit
3) Scales of plans used

Question 17

What is an example of Category B and Category C evidence in Comparable Evidence in Real Estate Valuations (2019)

Answer 17

Category B - historic evidence, indices, and supply/demand

Category C - other asset classes, and locations

Question 18

What are 3 things Countering Bribery, Corruption, Money Laundering and Terrorist Financing (2019) says about bribery considerations for members and firms “?

Answer 18

1) Not offer or accept a bribe

2) Procedures to comply with Bribery Act

3) Report suspicions

Question 19

3 requirements of Client Money Handling (2019)

Answer 19

1) client accounts are kept separate and clearly identifiable

2) clients can access money on demand

3) money can only be withdrawn if properly required

Question 20

What is set out in the Code for Leasing Business Premises (2020)

Answer 20

Leases should allow tenants to assign or sublet with landlord consent, and this should not be be on unreasonably without

Question 21

Rules of Conduct

Answer 21

2021

Question 22

Red Book old and new

Answer 22

2021; 2024

Question 23

National Supplement year and purpose?

Answer 23

2023 - to provide supporting guidance

Question 24

International Valuation Standards (IVS)

Answer 24

2021

Question 25

Independent Review of Real Estate Investment Valuations

Answer 25

2022

Question 26

What are two requirements, and three obligations of the Rules for the Registration of Firms (2022)

Answer 26

25% can; 50% must 1) Responsible Principal 2) CHP 3) PII details Disclose compliance annually

Question 27

What are the two sections of Property Agency and Management principles (2024)

Answer 27

Working with clients Managing businesses and staff

Question 28

Professional Indemnity Insurance Requirements

Answer 28

2024; Regulation

Question 29

Control of Asbestos Regulations

Answer 29

2012

Question 30

What are 3 things Countering Bribery, Corruption, Money Laundering and Terrorist Financing (2019) says about AML considerations for members and firms “?

Answer 30

1) Must not facilitate AML 2) Must do ID checks 3) Must report suspicions

Question 31

What legislation, governs scaffolding

Answer 31

The Highways Act (1980)

Question 32

Top 3 barriers outlined in RICS Sustainability Report (2024)

Answer 32

1) high initial costs of green building practices 2) skills shortages 3) established practices

Question 33

What are 2 RICS publications that have proposed consultations for?

Answer 33

Code of measuring practice (2015) Code for leasing business premises (2020)

Question 34

What are three offences under the proceeds of crime act (2002)

Answer 34

1) concealing criminal property 2) making arrangements for others to use criminal property 3) acquisition of criminal property

Question 35

How many years to sue under the Limitation Act (1980) and what is the hard stop?

Answer 35

Six years and 15 years

Question 36

What are three things set out in the Fire Safety Act (2021) and Fire Safety Regulations (2022)

Answer 36

1) fire risk appraisals for external walls of multi occupied buildings 2) responsible person to assess and manage risk 3) provide residence with fire safety instructions

Question 37

What does WAULT stand for?

Answer 37

Weighted Average Unexpired Lease Term

Question 38

How do you value long leasehold interest?

Answer 38

Deduct ground rent from gross income to produce net income

Question 39

What are two additional considerations, with regards to the zoning technique of valuation

Answer 39

Return frontage may see a 10% premium There may be a quantum discounts

Question 40

What is years purchase (YP) and how can it be used to determine market value?

Answer 40

YP is the total number of years required for income to repay its purchase price YP multiplied by rent equals market value.

Question 41

What are three sections of the landlord and tenant act (1954)?

Answer 41

Section 24 - security of tenure Section 25 - propose new terms or terminate tenancy Section 26 - tenant request for new tenancy

Question 42

What act established the 2050 net zero carbon target?

Answer 42

The Climate Change Act (2008) amended in 2019

Question 43

PPE at Work Regulations (2022)

Answer 43

Employers duty to provide PPE at work