Latest mock Flashcards

Question

budget - estate management

Answer 1

An operating budget lists all current and future costs and revenue. It is a careful plan that provides an overview of the current and future performance. it is essential for stable and suitable operations and will list revenue and expenses

Answer 2

is a way to calculate the value by considering the cost to replace it with a modern alternative less deductions for deterioration and obselnce In the farm DRC was not used as the primary valuation method and was used mainly for sense checking the comparable method we had predominantly used Measure the GIA during the inspection, use BCIS prices on a square meter basis to get a replacment costs. this figure will be deducted take into account usefull lifespan i.e £100,000 is the replacment cost. Halfway through lifespan so halve value as a guide = £50,000

Answer 3

RICS valuation - Global standards; uk national supplement - 2023

Answer 4

Under GDPR all personel data breech's to the relevent body within 72 hours. a record must be kept of all data breechs if it has a high risk of impacting individauls rights and freedoms they must be informed asap

Answer 5

Silage is made by cutting grasses or other crops, fermenting them, and then storing them in a silo, bunker, bale, or other structure. £60 per tonne 8 tonne per acre

Answer 6

a dedicated bank account used by a RICS regulated firm to hold client money held seperate from D&R funds held in a regulated banking institute dual authorisation non intrest bearing accounts are reconciled on a monthly basis can have the money on demand must have client account in the name

Answer 7

Age Disability Gender reassignemnt Marital status pregnancy race religeon sex sexule orientation

Answer 8

employers’ national insurance rising to 15% from April 2025. CGT lower rate increased t o18% and the higher rate increased to 24% IHT after the first million which still qualifies for APR and BPR IHT will attract at 20% Land with APR and BPR first mill 0% past that 50% land under enviro schemes will qualify for APR

Answer 9

Business asset disposal relief lifetime cap of £1 million lowers it to 14% from 2025 annaul allowance of £3,000 Business asset rollover - don't pay tax until you sell the new asset sale and the purchase of a new asset within 3 years

Answer 10

APR - relief on inhetritance tax for the transfer of agriculutral properties (50%) AHA 100% in hand grazing licence FBT owned and actively farmed for 2 years prior to the transfer or date of death, or if the land is let to someone else to farm, then it must be held for 7 years prior to the transfer or date of death. BPR - a relief from inheritance tax for certain intrests in business or assets used for business at either 100 or 50 %

Answer 11

Value added Tax - is a consumption tax that is levided on the value added at each point of a products production. can reclaim VAT paid on business purchases 20% - most some 5 % some 0% inc food Have to register if turnover over £90,000 annually if registerd you will add vat on good sold and be able to claim vat back on business goods

Answer 12

Develop a written health and safety policy - Health and Safety at Work Regulations 1999 A written Health and Safety policy; Assessments of the risks to employees, contractors, residents, and any other people who could be affected – and the significant findings recorded in writing. Any risk assessment must be ‘suitable and sufficient’; Arrangements for the effective planning, organisation, control, monitoring and review of the preventive and protective measures that come from risk assessment; Access to competent Health and Safety advice; Providing information about the risks and how they are controlled; Instruction and training in how to deal with the risks; Ensuring there is adequate and appropriate management in place; Consulting with employees, contractors, residents, and any other people who could be affected, about the risks and current preventive and protective measures. Building Safety Act (2022) employers liability insurance

Answer 13

Buildings insurance for all builings buildings and contencts for in house buildings with emplyees publi and employers liability insurance ag vehicle policy any bespoke policys for the mian house commercial policy for any commercial assets

Answer 14

best proactive to have a boiler service every year to prevent the need for reactive repairs

Answer 15

should include the client name - include in the TOE what the money can be used for express permission for payments of some types of invoices or above a certain level

Answer 16

only dispalyed in the boundary of the property 1 board per property removed within 14 days of sold no more than 0.5 meters squared

Answer 17

Building regs 2010 Building regulations in the UK are a set of standards that ensure the safety, health, and performance of new and existing buildings. They cover a wide range of topics, including: You need to apply for buildings regulations approval for alteration projects Hire a tradesperson registered as a competent person

Answer 18

Shapefile shape format ( .shp) Shapefile shape index format ( .shx) · Shapefile attribute format ( .dbf) · Shapefile spatial index format ( .sbn).

Answer 19

Market Value for CGT - Taxation of Chargeable Gains Act 1992, section 272/ IHT - Inheritance Tax Act 1984, section 160 / SDLT - Finance Act 2003, section 118 / LBTT Land and Buildings Transaction Tax (Scotland) Act 2013 is defined in the RICS Valuation – Global Standards 2017: UK national supplement as:  “The price which the property might reasonably be expected to fetch if sold in the open market at that time, but that price must not be assumed to be reduced on the grounds that the whole property is to be placed on the market at one and the same time.”

Answer 20

Data ethics is a branch of ethics that evaluates data practices that have the potential to adversely impact people and society Think about whether the information you hold is personal information, sensitive personal information or confidential information from clients or other stakeholders. Document the purposes for which you are allowed to hold the information and the processes for gaining consent, if applicable. Keep a record of consent (where needed) for processing, storage and retention. Check if you have appropriate contractual clauses for use of the information or that data used for measurement, valuation, calculations, analysis, etc. is owned or licensed for that use.

Answer 21

A data breach is a security incident that results in the loss, alteration, or unauthorized access to personal data

Answer 22

Lawfulness, fairness and transparency. Purpose limitation. Data minimisation. Accuracy. Storage limitation. Integrity and confidentiality (security) Accountability.

Answer 23

Agriculture tenancies act 1995 - 1st sept 1995 can diversify away from farming if correct notice served Agricultural holdings act 1986 FBT market rent repairs and duration agreed between parties no succsesion AHA Rent review on a earning capacity repair - model clause duration - lifetime of tenant succsesion - yes if let before july 1984

Answer 24

it is my duty to whistblow to prevent further harm happning and to maintain trust in the profession if i see something wrong. Depending on the incident i would report to organization or the RICS

Answer 25

principal contractor is the contractor with control over the construction phase of a project involving more than one contractor.

Answer 26

Reporting of Injuries, Diseases and Dangerous Occurrences Regulations. It's a UK law that requires employers, the self-employed, and people in control of premises to report certain incidents to the Health and Safety Executive (HSE). accidents resulting in the death of any person. accidents resulting in specified injuries to workers. non-fatal accidents requiring hospital treatment to non-workers. dangerous occurrences. reported within 10 days report to HSE online

Answer 27

Lamb deadweight pence per KG 600p Cattle deadweight pence per KG 500p Deadweight is double liveweight £ per tone hay/straw £70 - £100 Feed wheat £170 per tonne Feed barley £150 per tonne OSR £400 per tonne Milk 45 pence per litre 8,000 liters per cow per annum firstmilk arla muller

Answer 28

transmission networks cover the long journey from where energy is produced to where it's needed in large quantities, while distribution networks take it the last mile, bringing it right to your doorstep much more complex to connect to the transmission higher fees and longer wait time. does allow for larger renewables projects

Answer 29

A farming joint venture between two parties, the Farmer (Owner or Tenant) and the Contractor

Answer 30

Major repairs and landlords responsibilities with minor repair obligations being addressed by the lease. landlord - structure repair and installations

Answer 31

welocme letter copy of the tenancy agrrement contacts emergency procedure certificates inventory Charges and costs property chartersitics council tax, floor plan, epc condition terms of the tenancy agreement when the property will be avilable

Answer 32

a legal principle in the UK that holds employers responsible for the actions of their employees, even if the employer was not at fault

Answer 33

You must pay Stamp Duty Land Tax if you buy a property or land over a certain price. Up to £250,000 Zero The next £675,000 (the portion from £250,001 to £925,000) 5% The next £575,000 (the portion from £925,001 to £1.5 million) 10% The remaining amount (the portion above £1.5 million) 12% Up to £150,000 Zero The next £100,000 (the portion from £150,001 to £250,000) 2% The remaining amount (the portion above £250,000) 5%

Answer 34

a farmer must be actively involved in the agricultural activity on the land, and have management control

Answer 35

construction design and management regulations 2015 governs the way construction projects are undertaken in the UK 5 main duty holders The Client. The Principal Designer. The Principal Contractor. Designers. Contractors.

Answer 36

a notefiable project under the CDM regulation means that if the works last for over 30 days or involve over 20 people HSE must be informed

Answer 37

Val intro ID of standards ID of valuer ID of other users ID of the asset Currency Purpose Base of value valuation date Extent of investigation Assumptions and special assumptions Format restrictions fee limitations AML jursdiction complaints data protection Normal Personell scope fees regulations Data protection complants handaling

Answer 38

remove no fault s.21 evictions tenants can challenge rent increases tenant can request to have a pet which can not be unreasonably witheld

Answer 39

Deposit protection Landlords must protect deposits within 30 days of receiving them or when the tenancy becomes an assured shorthold tenancy. Deposit return If there's no dispute, landlords must return deposits within 10 days of the tenancy ending and both parties agreeing on the amount. Dispute resolution If there's a dispute, the TDS aims to resolve it within 28 days. This includes the time it takes to: tenant can use the online system to negotate - if cannot be reached can request adjudication

Answer 40

the land was predominantly permeant pasture of varying degrees of quality client told me it was loamy/sandy soil

Answer 41

Mostiure content - hay is stored dry and silage is stored wet (fermented)

Answer 42

Estate has a ban on subletting for the following reasons Lack of control issues with arrears and propety damage legal issues

Answer 43

is the amount it would cost to completely rebuild the property from scratch if it were totally destroyed, sometimes required for insurance purposes - indicative figures - BCIS prices

Answer 44

The Smoke and Carbon Monoxide Alarm (Amendment) Regulations 2022 will come into force on 1 October 2022. From that date, all relevant landlords must: 1. Ensure at least one smoke alarm is equipped on each storey of their homes where there is a room used as living accommodation. This has been a legal requirement in the private rented sector since 2015. 2. Ensure a carbon monoxide alarm is equipped in any room used as living accommodation which contains a fixed combustion appliance (excluding gas cookers). 3. Ensure smoke alarms and carbon monoxide alarms are repaired or replaced once informed and found that they are faulty. The requirements are enforced by local authorities who can impose a fine of up to £5,000 where a landlord fails to comply with a remedial notice.

Answer 45

Gas Safety Regulations (1998) are as follows: Landlords must have annual gas safety checks to ensure all outlets, flows, and appliances are safe

Answer 46

land terrier is a record system for an institution's land and property holdings.. I have used landmark

Answer 47

check to make sure they have a right to rent the property right to rent in the UK - british driving licence or passport

Answer 48

Damage to the property, Rent arrears, Unpaid utilities, Cleaning, Redecoration, Missing items, and Gardening

Answer 49

legally require a epc to market a property Floorplan good photos (hopefully sunny) comprehensive description make sure it is tidy and neat property outgoings any buildings works/property safety

Answer 50

Inform the RICS and complete firms detail form Register for the regulation Appoint RICS Contact Officer for all communication Prepare a Complaints Handling Procedure and appoint complaints CH Officer Set up complaints log Appoint Money Laundering Reporting Officer Register for RICS Valuer Registration Scheme if undertaking Red Book Valuations. Obtain PII and send details to the RICS Comply with accounts regulations Staff training plan Ensure that CPD was logged on the RICS CPD Management System. Logo kit, comply with ‘Regulated by RICS’ Sole practitioner arrangement (i.e. death, incapacity & complaints).

Answer 51

Assessing the amount, condition, and location of asbestos-containing materials Making and maintaining a record of Assessing the risk of exposure to airborne asbestos fibers Writing and implementing an asbestos management plan Monitoring the condition of Informing anyone who may work on or disturb ACMs of their location and condition

Answer 52

Lawfulness, fairness and transparency. Purpose limitation. Data minimisation. Accuracy. Storage limitation. Integrity and confidentiality (security) Accountability.

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