Property Records / Information Systems - Level 3 (Ready)

Question 1

What would you expect to find on a land registry title extract?

Answer 1

• Name of owner
• Date acquired and price
• Easements
• Charges and restrictive covenants

Question 2

What would you look for on a land registry title?

Answer 2

• The price paid for the land

- Any restrictive covenants or charges

Question 3

How do you keep soft copy documents secure?

Answer 3

• Password protection

Question 4

What does your deal tracker include? Does it include personal contact details for agents? How long can you keep that data?

Answer 4

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Question 5

What are the restrictive covenants and charges? What issues can they create?

Answer 5

• Rules in property deeds that dictate what you can do to a property or piece of land
• Can restrict certain uses or development altogether

Question 6

What did your comps schedule include? Did you use any further features in Excel to manipulate the outputs/undertake analysis

Answer 6

• Details of the property
• Number of units
• Height
• Marketing level and level achieved in terms of price
• Launch date and completion
• Sales rate
• Source of information and date of confirmation
• Amenities
• Unit size
• Floor level
• Date of transaction
• Asking prices
• Achieved prices

Question 7

What would you have done if the cost database had been leaked externally?

Answer 7

a

Question 8

Which mapping software did you use for the Kingston maps?

Answer 8

LandInsight

Question 9

What is the Data Protection Act 2018?

Answer 9

The UK’s implementation of GDPR

Question 10

What is an Automated Valuation Model?

Answer 10

• Software system that can provide property valuations using mathematical modelling

Question 11

What is OpenAsset?

Answer 11

A software that my company use to store project photographs securely for future reference

Question 12

What would you usually look for in your due diligence checks on a potential site?

Answer 12

• Environmental issues
• Planning issues
• Legal / Title issues