Hot Topics Flashcards
(22 cards)
What is the fee change for RICS?
3.5% increase in subscription due to rising costs
What is the RICS Inclusive Employer Quality Mark?
Improved diversity and inclusion, assess performance against criteria
What is the RICS Business Plan 2024?
Introduce Sustainability Leadership - training tools for members to address sustainability challenges.
Labour government goals?
House building 1.5m home over next term, updating NPPF
What are the changes to IHT, APR?
From April 2026 APR limited to £1m
What is the land market looking like?
More supply due to debt driven sales. Land values has increased over past year around 12%.
What is the current Bank of England Base rate?
4.25%
Please explain your understanding of the Harris Debate?
Organised annually by the RICS and provides a platform to address ethical concerns in the field of surveying and valuation.
What was discussed at the Harris Debate 2024?
Ethics in the Age of Artificial Intelligence and its impact on Valuation Practices.
Who is RICS President?
Justin Sullivan
When was RICS founded?
1868
What is the Rental income threshold for Due Diligence checks?
£8,300pcm for commercial and residential
When is the Rental income threshold for Due Diligence checks coming into force?
14 May 2025
Where can agents check the sanction list?
Letting agents will be legally required to check the OFSI list of sanctioned individuals and organisations throughout their work.
What is RICS Journals?
sector-specific content tailored to the needs of RICS professionals and candidates
What is RICS Modus?
Global publication ambassador inspiring and informing professionals
What is RAAC?
Reinforced Autoclaved Aerated Concrete
What is the current position of Galloway National Park?
Consultation window closed, decision pending 91% opposition within area
Land reform Act latest.
LL of landholdings exceeding 3,000 Ha. will be required to produce Land Management Plans every 5 yrs.
Current TFC?
Robert Black
What is the latest in the Housing Act bill?
Rent increases in control areas would be limited to the CPI annual rate of inflation plus 1%, up to a maximum increase of 6%.
What is Land Use Tenancy ?
A flexible tenancy, which would help agricultural holdings deliver multiple eligible land use activities within one tenancy. These could include woodland management, agroforestry, nature restoration, peatland restoration, and agriculture.
