Other interview questions

Question 1

What is copyright?

Answer 1

A form of intellectual property that gives the creator of an original work the right to control who can share or use it

Question 2

What is an AGA?

Answer 2

Authorised Guarantee Agreement
- when a tenant assigns a lease, one of the conditions for the landlord to grant approval may be that the tenant guarantees the incoming tenants lease obligations

Question 3

what is amortisation?

Answer 3

an accounting technique used to spread the cost of intangible assets over their useful life

Question 4

what are the main types of asbestos?

Answer 4

white, brown and blue

Question 5

You hold £1,000 of your client’s money in a client account. They want to do some capital works to their building, with an estimated cost of £1,500. They have requested you to progress with the works and offset the balance with next quarter’s rent. What would you do?

Answer 5

I would follow the RICS professional standard on client money handling (2022) which states that overdrawn balances are to be prevented and would therefore inform the client that there are not sufficient funds in their account to proceed