Submission Summaries Flashcards
Ethics L2 Gift
Food hamper
After portfolio valuation
less than £50
recorded on gift register
Ethics L2 COI Romford
Valuation of a retail unit
Sent an email
checked internal client register
spoke with lease advisory team to confirm
Ethics L3 Valuation Stratford
Borrower asked development value
I advised outside of our instruction
(article 4 direction over property + 4 years remaining on lease)
He pushed on conversion costs, residual value etc
No one around
but advised can’t do - seek from another firm
wouldn’t be in line with rule of conduct 1 - honesty and integrity, and 2 competence as I hadn’t done much development at the time, and 5 uphold the profession
Ethics L3 Legal Dispute Wakefield
Telecoms site
Landlord said no access until legal dispute resolved
contractor advised they could get on site (industrial site)
I said no
Decision Tree - would not be in line with rules of conduct, nor would I be comfortable with this being made public
would go against rule 1 honesty and integrity and rule 5 act in the interest of the public
Client Care L2 Telecoms KPIs
KPIs - completions 15 a week, bookings, 15 a week, calls 20 a day, emails 20 a day
Client Care L2 Valuation commnication
large portfolio - 25 or so properties - team of 4, 4 week deadline
no dropbox
I acted as point of contact
client sent over files and contacts for inspections
I managed sending these on to the team, creating files etc
also confirmed back to the client inspections and timelines
I rang the client at the end of each week to update
Communication/negotiation L2 surveyor fees
they requested £3,000
standard fee £750-1,500
had dealt with the surveyor on other sites
suggested should be in line with fees there, and other surveyors
agreed to £750
Communication/negotiation L2 communication agents
rapport
respect
concise
record accurately
represent firm
Health and Safety L2 Site Inspection Hammersmith
contacted ahead to confirm they had PPE
checked hard hate use by date (month and year - 2-5 year use by)
Health and safety briefing - exits, no access areas, stay with clerk
signed in and signed out
Health and Safety L2 Lone Working TCR
provided line manager with addresses
contact of the stakeholder I was meeting
What time i was expected back
made sure phone was charged
Suzy Lamplugh
Measurement L2 Industrial Chippenham
2,500 sq. ft
50% site coverage - smaller so okay
25% office content - smaller so okay
Loading bay/door 4.25m high and 3.5m wide
min eaves height 4.5m, apex 5.25m
single storey office
Measurement L2 Hammersmith
IPMS3
two buildings
shared toilets and walkway
also took out service rooms
c. 2,500 sq. ft and 3,500 sq. ft
columns the main difference vs NIA - didn’t impact that much
Inspection L2 - Godalming
close to prime pitch, just west, some comparables were on the prime pitch, some further away
updated one retailer on GOAD (cafe)
Agent boards
Inspection L2 - Mayfair Office
specification was perimeter trunking, suspended ceilings, wall mounted AC and radiators, two lifts.
Dated and basic for mayfair
secondary glazing was dirty, reduced light flow, impact marketability
Inspection L3 Coventry
We were valuing a residential property - the tenant had let the property fall into a state of disrepair.
It was very dirty, damaged in areas (old wallpaper, exposed brick, cracked windows, dirty bathroom sanitary ware etc)
I took photographs and detailed notes of the condition. I advised the borrower this would impact value, and also reported this to the bank.
Provided info within my report and took 40k off the value for a full refurbishment. 180k down to 140k.