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APC Spring 2024 > Weak Areas > Flashcards

Weak Areas Flashcards

1
Q

Typical foundation used for industrial unit?

A

Pad foundation

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2
Q

Typical foundation of offices

A

Pile foundation

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3
Q

Typical foundation of small shops/houses

A

Strip

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4
Q

What are the institutional specifications for shops? (5)

A
  • Steel or concrete frame
  • Services capped off
  • Concrete floor
  • No suspended ceiling
  • Let in a shell condition ready for retailers’ fit out
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5
Q

Typical Office Institutional Spec (7)

A
  • Steel or concrete frame
  • 2.6-2.8m ceiling height
  • AC
  • Double glazed windows
  • 1 cycle space per 10 staff
  • 1 shower per 100 staff
  • 8m2 to 10m2 workspace density
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6
Q

Types of AC (5)

A
  • VAV
  • Fan coil
  • VRV
  • Static cooling
  • Comfort cooling
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7
Q

Typical Industrial Spec (6)

A
  • Steel portal framed
  • 8m minimum eaves height
  • 10% LED roof lights
  • 5-10% office/WC space within
  • Full electrical height loading doors
  • 40% site cover
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8
Q

What is a latent defect?

A

Fault to the property that could not have been discovered by a reasonably thorough inspection of the property

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9
Q

What is subsistence?

A

Vertical downward movement of a building foundation caused by loss of support of the site beneath.

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10
Q

What is heave?

A

Expansion of ground beneath. Could be more moisture due to removal of trees.

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11
Q

Common cause of cracks in a building? (5)

A
  • Subsistence
  • Heaving
  • Cavity wall tie failure
  • Settlement cracks
  • Thermal expansion
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12
Q

UK GDPR Principles (5)

A
  • Specified, explicit and legitimate purposes
  • Relevant to what is necessary
  • Accurate and kept up to date
  • Kept for no longer than necessary
  • Appropriate security of personal data
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13
Q

What is years purchase?

A

Amount yielded by the annual income of the property.

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14
Q

Principles of the UK Commercial Estate Agency Professional Statement? (7)

A
  • Act in an honest, fair and professional manner
  • Carry out work with due skill, care and diligence
  • Fair and clear terms of business
  • Avoid conflicts of interests
  • Not to discriminate
  • Client money handling
  • PII cover
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15
Q

Principles of the Estate Agency Act 1979? (5)

A
  • Clarity to terms of agency
  • Openness regarding personal interests
  • Honesty and accuracy
  • Don’t discriminate
  • Client money handling
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16
Q

Case Study Inspection - Inspection of the Local Area (4)

A
  • 250m to the train station
  • Other estate agents boards
  • Residential area, however, still near the high street
  • Substantial next-door trees
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17
Q

Case Study Inspection - External Inspection (6)

A
  • Concrete block
  • Corrugated cement sheeting roof
  • Average condition but no obvious structural damage or defects
  • Strip foundation
  • Easement through the private access road
  • Sheds to rear of the plot
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18
Q

Case Study Inspection - Internal Inspection (7)

A
  • Suspended ceiling
  • Gas boiler - natural gas central heating
  • Non LED lights
  • Double glazed windows
  • Mezzanine office space to rear on raised floor above storage space
  • Kitchenette
  • WCs
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19
Q

What were included in the CPSEs for Teddington? (4)

A
  • Boundary inquiries
  • Rights benefitting the property
  • Physical conditions such as flooding due to burst pipe
  • Utilities and services
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20
Q

Typical modern office defects (6)

A
  • Damp penetration at roof and ground level
  • Water damage from burst pipes/AC units
  • Damaged cladding
  • Cavity wall tie failure
  • Efflorescence
  • Structural movement
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21
Q

Typical modern industrial building defects (5)

A
  • Roof leaks around roof lights
  • Damaged cladding panels
  • Cut edge corrosion
  • Blocked gutters
  • Burst pipes
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22
Q

Structure of Surveying Safely (6)

A
  1. Personal responsibilities
  2. Assessing hazards and risks
  3. Workplace health and safety
  4. Occupational hygiene and health
  5. Visiting premises and sites
  6. Fire safety
23
Q

Principles of Health & Safety at Work 1974 (4)

A
  • Duty to every employer to ensure the health, safety, and welfare at work of all employees
  • Must report all injuries and dangerous occurrences (RIDOR)
  • Must undertake and review a risk assessment
  • Detailed H&S information to be held on-site.
24
Q

Four types of illegal discrimination under the Equality Act

A
  1. Direct discrimination
  2. Indirect discrimination
  3. Harassment
  4. Victimisation
25
Q

Types of contamination that could be present? (5)

A
  • Heavy metals
  • Radon and methane gas
  • Diesel/oil/chemicals
26
Q

What is a yield?

A

The annual rental income expressed as a percentage of the total property value.

27
Q

Mandatory Professional Obligations for members (3)

A
  • Comply with CPD requirements
  • Cooperate with RICS
  • Promptly provide information reasonably requested by the Standards and Regulation Board
28
Q

Mandatory Professional Obligations for firms (7)

A
  • Complaint handling procedure
  • Appropriate PII cover
  • If sole practitioner, make arrangements for professional work to continue if incapacitated
  • Cooperate with RICS
  • Promptly provide information reasonably requested by the Standards and Regulation Board
  • Display that firm is regulated by RICS
  • Report to RICS any matter required to report under Rules for the Registration of Firms
29
Q

RICS Rules for the Regulation of Firms 2022 (3)

A
  • If 50% of RICS registered members, RICS regulation is required, if 25% then it’s optional.
  • Principles are those who are able to act without supervision in a firm.
  • Each firm must name a ‘Responsible Principle’ to ensure RICS compliance
30
Q

Savills Health & Safety policy (4)

A

Must provide a:
1. Safe working environment
2. Safe work equipment
3. Safe systems of work
4. Competent staff

31
Q

Health & Safety policy document (4)

A

Required for firms of over 5 members
1. Commitment to H&S
2. Details of organisation’s H&S structure (roles and responsibilities)
3. Risk assessment
4. Details of the planning and implementation of the H&S policy and control measures

32
Q

Six pack of H&S regulations (6)

A
  1. Management of H&S at Work
  2. Display Screen Equipment
  3. Manual Handling Operations
  4. PPE at work
  5. Provision and use of work equipment
  6. Workplace Health, Safety and Welfare
33
Q

6 requirements of Risk Assessment (6)

A
  1. Identify the hazards
  2. Identify the people at risk of the hazards
  3. Evaluate the risk (likelihood and severity)
  4. Record the findings
  5. Review the risk assessment regularly
  6. Advise all those affected of the outcome
34
Q

Fire Safety 2005 (5)

A
  1. Must be fire precautions in place
  2. Responsible person is whoever controls the property
  3. Need for good record keeping
  4. Regular review
  5. Example precautions (fire exit doors, fire detection/warning alarm, safe exit route)
35
Q

Fire Safety Act 2021 (3)

A
  • Result of the Hackett review
  • Requires all responsible persons to assess, manage, and reduce fire risks by the structure, external walls, and common areas of a building
  • Allows the Fire Service to take enforcement action against responsible persons who fail to comply
36
Q

5 steps a duty holder needs to take under Control of Asbestos 2012

A
  1. Assess whether the premises contain asbestos (where and what condition it is in.
  2. Assess the risk and produce a management plan
  3. Produce an asbestos register
  4. Make register available to all relevant parties
  5. Review register every 6 months
37
Q

Building Safety Act 2022

A
  • Increased accountability for those responsible for high-rise buildings
38
Q

What actions are available to the Head of Regulation? (3)

A
  1. Fixed penalty notice
  2. Consent order
  3. Refer to the Disciplinary Panel
39
Q

Fee Negotiations (2)

A
  • Should avoid fee-cutting or collusion
  • Should be market-based and on an ad-hoc basis
40
Q

6 principles in the Bribery Act?

A
  1. Top level commitment
  2. Proportionality
  3. Risk assessment
  4. Due diligence
  5. Monitoring and review
  6. Communication
41
Q

Savills and RICS complaints handling procedure timeline

A

RICS:
1. Acknowledge within 7 days
2. Investigated within 28 days
3. If still not happy, needs to be referred to an independent redress scheme (Property Ombudsman)
Savills:
1. Acknowledge within 5 working days
2. Written response within 10 further working days
3. Complainant confirms if they want to take further action within a further 10 working days
4. Savills to confirm any actions within further 5 working days

42
Q

RICS byelaw example

A

Every member shall conduct themself in a manner befitting membership of the RICS

43
Q

Savills latest revenue

A

£1.4 billion as of H1 2023

44
Q

Savills share price

A

780

45
Q

What does part M of the building regulations apply to?

A

Enabling access and use for all in buildings

46
Q

Difference between management accounts and statutory accounts? (2)

A
  • Management accounts are prepared for internal purposes and are not audited.
  • Statutory accounts are accounts that all PLC companies have to prepare to give shareholders update on financial performance and ensure compliance with IFRS.
47
Q

What is included in a balance sheet? (3)

A

Statement of financial position
- Assets
- Liabilities
- Shareholder’s equity

48
Q

What is included in a profit and loss account? (2)

A
  • Income
  • Expenditure
49
Q

What is included in an EPC? (7)

A
  • Rating
  • Floor area
  • Address
  • Dates
  • Bandings
  • Guidance on improving even more
  • Assessor details
50
Q

What is included in an asbestos register? (4)

A
  • List of all ACMs found in the building
  • Quantity of asbestos
  • Conditions of ACMs
  • Who the duty holder is
51
Q

What is included in an asbestos management plan? (3)

A
  • Risk assessment
  • Asbestos register
  • Recommendations
52
Q

How to do a DCF (5)

A
  1. Estimate cash flow (income less expenditure)
  2. Estimate the exit value
  3. Select a discount rate
  4. Discount cash flow at discount rate
  5. Value is the sum of the completed DCF to provide the NPV
53
Q

Profits method (5)

A
  1. Annual turnover
  2. Less costs/purchases = gross profit
  3. Less reasonable working expenses = unadjusted net profit
  4. Less operator’s remuneration = adjusted net profit = Fair Maintainable Operating Profit
  5. EBITDA (Earnings Before Interest Taxation Depreciation and Amortisation)
54
Q

What is the structure of the RICS? (3)

A
  • Various tiers of governance but all report into the governing council
  • 4 national and 10 regional boards plus other local associations
  • All groups are responsible for maintaining high standards

APC Spring 2024 (17 decks)

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