Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

APC > Summary of Experience > Flashcards

Summary of Experience Flashcards

1
Q

What are the 6 ethical principles

A

Honesty
Integrity
Competence
Service
Respect
Responsibility

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What are the Rules of Conduct 2021

A
  1. Members & firms must be honest, act with integrity and comply with their personal obligations, including obligations to RICS.
  2. Members & firms must maintain their professional competency & ensure that their services are provided by competent individuals who have the necessary expertise.
  3. Members & firms must provide good quality & diligent service.
  4. Members & firms must treat each other with respect & encourage diversity and inclusion.
  5. Members & firms must act in the public interest, take responsibility for their actions and act to prevent harm & maintain public confidence in their profession.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is the RICS conflict of interest professional statement

A

‘RICS Global Professional Statement on Conflicts of Interest, 2017’

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Camden Works - The tenant was unrepresented - What did you make them aware of

A

The RICS code for leasing business premises 2022

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What fee did you negotiate on Eagle Tower

A

1%

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Are you aware of any guidance around surveying safely

A

yes, RICS Guidance note - ‘Surveying Safely - Health & Safety principles for Property Professionals 2018’ 2nd edition.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What is the safe person concept

A

Individuals are responsible for their own, their colleagues and others behaviour

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What is the key health & safety acts are you aware of?

What can you tell me about this act

A

Health & Safety at Work Act 1974

It is the duty of the employer to ensure health & safety at work of all employees

Injuries & dangerous occurrences must be reported

It is policed by The Health & Safety Executive (HSE)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What asbestos regulation can you tell me about

What can you tell me about this regulation

A

Asbestos Regulations 2012

The obligation is to the duty holder & employer
Management survey vs Refurbishment survey
Certificate is needed for new builds
5 steps:
1. Duty holder to assess if there is asbestos
2. Assess the risk & produce a asbestos management plan
3. Produce a asbestos register
4. Make the register available to relevant parties who may disturb it
5. Review regularly (every 6 months)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

What regulation surrounds PPE

What can you tell me about this regulation

A

PPE at work regulation 2022

Extends the employers duty to ensure provisions of appropriate PPE for employees & contractors.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Did Eagle Tower have a asbestos management survey

A

Yes - They had a 2022 asbestos register

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Where did you note asbestos listed in Eagle Tower?

A

12th floor in ceiling of womens toilet

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

When was Eagle Tower Built

A

1960’s

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

When was Norfolk Tower built

A

1970’s

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

What are the differences between management & company accounts

A

Management are fir internal uses
Company are for external use and are audited

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Tell me about the Data Protection Act 2018

A

This is the UK’s implementation of GDPR. The act is a complete data protection system so as well as covering personal data covered by GDPR, it covers all other general data.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

Tell me about GDPR

A

General Data Protection Regulation - it came into force in 2018 and replaces the data protection act 1998. It covers personal data.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

What is the Freedom of Information Act 2000

A

It gives people the right to access information held by pubic bodies. Normally the public body is required to provide the information in 20 days and can charge.

Exemption if; contrary to GDPA or it would prejudice a criminal matter under investigation.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

What is the Equality Act 2010?

A

The act consolidates discrimination law and provides a wide range of protection. The act identifies 4 types of illegal discrimination;
Direct discrimination
Indirect discrimination
Harassment
Victimisation

The act extends the requirement to make reasonable adjustments to help disabled people if they would be at a substantial disadvantage if the work was not carried out. Obstacles must be removed or reasonable means of avoiding the obstacle provided.

The test is reasonableness; effective, practicality and financial.

It covers 9 protected characteristics;
gender reassignment, sex, marriage, pregnancy, race, religion, age, disability, sexual orientation.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

What is NPPF s.8

A

National Planning Policy Framework - promoting healthy and safe communities.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

What are part M of the Building Regulations?

A

Cover the access & ease of use

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

Outline the Key MEES dates

A

C by 2027
B by 2030

Must register by April 2025
Must re-register by April 2028

23
Q

What are the new MEES that are effective from April 2023

A

All leases for commercial property require a minimum EPC of E

24
Q

What is the Health & Safety at Work Act 1974

Who is it policed by

A

It is the duty of the employer to ensure health & safety at work of all employees

Injuries & dangerous occurrences must be reported

The Health & Safety Executive (HSE)

25
Q

Who was the sensitive tenant in Abbey Gardens

A

The Ministry of Justice

26
Q

What is the difference between the RICS Property Measurement 2018 & RICS Code of measuring practice 2015.

A

RICS Property Measurement 2018 - incorporates IPMS and replaces the RICS Code of measuring practice 2015 for office & residential buildings.

RICS Code of measuring practice 2015 is still used for all measurements except office & resi and covers GEA, GIA & NIA.

27
Q

What are the key RICS Codes & statements for measurement

A

RICS Property Measurement 2018 (incorporating IPMS)
RICS Code of measuring practice 2015.

28
Q

St Andrews Way, Bromley by Bow - how did you measure the unit

A

GIA & GEA

Measured the GIA of the office element.

29
Q

What relevant deductions did you make when measuring Explorer 1 &2 to NIA?

What deductions did you take away from the IPMS3?

In your SOE were the floors single or multi-let?

A

Any height less than 1.5 m sq
Any columns
Communal area
Balconies

Communal areas

Single let

30
Q

What floor were you measuring at Explorer and what were the leasing terms?

A

2nf floor the tenant was Albion Rye and the rent was £25.50 psf on a 6 year term with 9 months rent free.

31
Q

When you converted the area in acres to hectares on Isis business centre what was the conversion factor?

A

1 acre = 0.4046 hectares

32
Q

What are the 5 traditional methods of valuation?

A

Comparable method
Income method
Profits method
Residual method
DRC / Contractors method

33
Q

What does VPS stand for

A

Valuations Technical & Performance Standards

34
Q

Which VPS are mandatory?

What does each one relate to?

A

VPS 1 - 5

1 - ToE
2 - Inspections, Investigations & Records
3 - Valuation reports
4 - Basis of value
5 - Valuation approaches & Methods

35
Q

Is there a professional statement for comparable evidence?

A

Yes,
RICS professional statement: Comparable evidence in real estate valuation 2019.

36
Q

Explorer 1 & 2 - When reporting on the rental valuation what did you advise?

What other comparables did you use for the Crawley Market?

A

I used comparable evidence from the recent deals in the building. I advised £25.50 psf for a 5 year term with 9 months rent free.

Endeavour House had achieved £27.50 on 4,000 sq ft on a 5 year term.

37
Q

The Florence Building
What was your ERV ?
What was your NIY?

What were your comparables?

A

£27.50
6.00%

Matrix House – Letting to Conister Finance (3,838 sq ft) – December 2022 - £27.50 psf

100 Longbarn - £40.60m / 6.00% - Single le to govt. 14 yrs, RPI 2-5% purchased by Darin. Grade B office.

38
Q

Building B, Bartley Wood - What were your inputs into the residual appriasal.

What was the value that could be paid?

Did this go through?

A

4.8 acres
£13 psf rent
£90 psf build costs
12 months void
9 months rent free
5% contingency
£500k demolition
£150k planning
10% fees
Disposal fees
4% yield
15% profit

£16m (£3.3 per acre)

No

39
Q

What is the RICS Commercial Real Estate Agency 2016 statement

A

It covers 12 core principles;

1 - Act in an honest, fair, transparent & professional manner
2 - Carry out work with due skill, care & diligence - ensure all staff have necessary skills to carry out tasks
3 - Ensure client are provided with terms of business that are fair & clear with the firms complaints handling procedure
4 - Avoid conflicts of interest
5 - Not to discriminate unfairly in any dealings
6 - All communications with clients are fair, decent, clear & timely
7 - All advertising & marketing material is honest & truthful
8 - Any client money is held separately and covered by adequate insurance
9 - Hold appropriate PII insurance
10 - Make it clear ad the the id of your client
11 - Give realistic assessments of selling prices / rents
12 - Ensure all meetings & inspections are carried out in accordance with the clients wishes.

40
Q

Elaborate on the Estates Agents Act 1979

A

It promotes various points such as; clarity, honesty, keeping clients money separate.
s. 18 - specify all costs/fees in advance
s. 21 - Disclosure of personal interests

41
Q

At Croydon Interchange what rent did you advise?

What was the EPC?

A

The rent previously passing was £23 psf

Advised to do a full refurb to Cat A and then quote £35 psf.

C

42
Q

V3 Viables - What was the quoting rent?

A

£22 psf for the part 1st . 10,000 sq ft

43
Q

Greenwood Bracknell. What was the quote?

What had the tenant offered?

What did you advise?

Was the tenant advised?

Did the lease progress, what did it complete at?

A

£27.50 for fitted space

3 year term. £26 psf

Increase the rent & insert a 6 month penalty.

No

Yes

44
Q

Windsor 1 & 2 -
What were your clients expectations ?

What did you start rental negotiations at?

How many months rent free did you give away?

A

£47.00 psf, looking for minimum 5 year term with 1 year rent free

£48.50 psf. 10 (5) with 12 month RF and 6 after the break

10 (5) lease. £47.25 psf with 14 months rent free with 6 after the break. Outside the act.

45
Q

Travel House Crawley. Tell me about the asset.

What was your quote price?

What was your sale price?

A

1.3 acre site / 25,000 sq ft NIA / 21% site coverage / EPC D

£3.7m - sold for Columbia Threadneedle

£4.5m bought by council

46
Q

Eastpoint Business Park. Tell me about the asset

A

3.6 acres / freehold / 5 buildings / 16.5 year WAULT / 75,000 sq ft

£22m quote
£29m sale price

47
Q

Genesis Business Park. what level were the bids?

Why didnt you go with the top bid.

A

£18m - £20.9m from 6 parties
Sold at £21.5m / 8.53%

Top bid was from institutional investor

48
Q

Maritime House - Explain the sale.

A

LLH - ££14m quote / 8.00%
Freehold - £20m / 6.5%
Sold- £19.7m / 6.7%

Ground rent was 10% of rental income in excess of £200k

49
Q

Greenwood Bracknell - What space became vacant was the top up?

A

Displaydata a 10,800 sq ft suite. the rent was £22 psf.

50
Q

Drapers Yard - What were the ESG Credentials

A

BREEAM ‘Very Good’
EPC B
PV’s on the roof
EV charging popints

51
Q

Norfolk Tower - What was the EPC before?

What did they upgrade?

What was the new EPC?

A

C

LED Lights

B

52
Q

Vision House, Watford - Was it viable and what was your clients profit on cost?

What was the ERV & exit yield?

A

Yes - 17.50%

£25 psf / 4.75%

53
Q

SIlwood Ascot -Was it viable & what was your targets profit on cost?

What were your inputs?

A

No - 20%

£40 psf rent, £385 psf build costs, 4.25-4.5% exit yield

APC (14 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions