Final Cards

Question 1

8 Rights Under GDPR

Answer 1

READRAIO
R - Restrict Processing
E - Erasure
A - Access
D - Data Portability
R - Rectification
A - Automated decision making and reporting
O - Object

Question 2

8 Principles under GDPR

Answer 2

PLACADS
P - Processed fairly and lawfully
L - Limitation Purpose Limitation
A - Accurate
C - Confidentiality
A - Accountability
D - Data minimisation
S - Storage

Question 3

Estate Agent’s Act 1979

Answer 3

THIDOCC
T - Terms - specify all costs S18
H - Honesty
I - Interests - openess for personal interests - S21
D - Discrimination
O - Tell clients all offers
C - Costs - Agreement and liability for all costs
C - Client’s money separate

Question 4

The Bribery Act 2010
Principles:

Answer 4

Proportionality
Top level commitment
Risk Assessment
Due diligence
Communication
Monitoring and review

Question 5

The Bribery Act 2010 Offences

Answer 5

1. Bribing
2. Receiving a bribe
3. Bribing a foreign public official
4. Failing to prevent bribery

Question 6

The Bribery Act 2010 Penalties

Answer 6

Policed by serious fraud office
10 years imprisonment and or unlimited fine

Question 7

Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 Obligations

Answer 7

1. Register with HMRC if they let properties over £10k pcm
2. Enhanced DD on transactions without purpose
3. Other - Cash limit of 10k euros, MLRO appointed and records kept for 5 years

Question 8

Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 Penalties

Answer 8

Maximum sentence of 14 years for doing and/or unlimited fine
Maximum sentence of 5 years for assisting and/or unlimited fine

Question 9

Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 Checks

Answer 9

Customer DD - depending on public/private limited company/individual, identify, address, business info
Enhanced DD - extra procedures, high risk country, PEP

Question 10

Starting a new practice RICS compliance

Answer 10

1. Inform RICS
2. Appoint Responsible Principal
3. PII details
4. CHP details
5. Register with Standards and Regulatory Board
6. RICS logo

Question 11

Starting a new practice Statutory compliance

Answer 11

1. Disclose business name
2. Compliance with Equality Act 2010
3. Compliance with Bribery Act 2010
4. Compliance with Money Laundering Regulations 2017
5. Compliance with Health and Safety at Work Act 1974
6. Inform HMRC

Question 12

Closing a Practice RICS Compliance

Answer 12

1. Inform RICS and clients
2. Return money held
3. Inform insurers and procure RUN OFF cover
4. Retain a copy of clients files for 6 years

Question 13

RICS Professional Statement: Countering Bribery, Corruption, Money Laundering and Terrorist Financing 2019

Answer 13

1. Mandatory
2. Guidance
3. Supplementary
4. Glossary
   RICS firms must NOT accept a Bribe.
   Comply with law.
   Report suspicion.
   Retain records.
   WHO WHAT WHY.
   PEPs - higher DD

Question 14

RICS Surveying Safely 2019 Structure

Answer 14

P A W O V F P S
Personal responsibilities
Assessing hazards/risk assessments
Workplace health and safety
Occupational hygiene and health
Visiting premises
Fire safety
Procurement and management of contractors
S Safe Person

Question 15

Risk Assessment

Answer 15

IERRA
I Identify hazards and risk
E - Evaluate the risk
R - Record
R - Review
A - Advise all affected of the outcome

Question 16

Health and Safety at Work Act 1974

Answer 16

Key Points:
1. Duty of Care of Employer to ensure health, safety and welfare of employees
2. Must Report dangerous occurrences and regularly review risk assessments
3. Hazard and Risk

Question 17

Equality Act 2010 Protected Characteristics

Answer 17

Age, gender, gender reassignment, sex, marriage, pregnancy, disability