Lists! Flashcards
(31 cards)
5 Rules of Conduct
- Honesty and integrity
- Competence
- Service
- Respect
- Responsibility
6 principles of the bribery act 2010
- Proportionality
- Top level commitment
- Due diligence
- Risk assessment
- Communication
- Review
RICS Bye Laws
- Applications
- Membership
- Designations
- Contributions to funds
- Conduct
- Governing council
- Boards, committees
- Procedure for general meetings
- Accounts
- General
5 principles for better regulation (this is in relation to rules of conduct for members)
- Transparent
- Proportional
- Accountable
- Consistent
- Targeted
Requirements for starting a new practice
- Inform RICS by completing firm details form
- Appoint principle for RICS communication
- Register with RICS for registration
- Arrange PII and send to RICS
- Setup client money handling and protection scheme
- Obtain approval for complaints handling procedure
- Setup complaints log and appoint handling officer
- Log CPD
- Complete annual RICS return
- Use logo kit from RICS
6 client money handling principles
- Held in discrete bank accounts labelled client
- Funds available upon request
- Client has bank details
- Bank understands money not to be moved or transferred
- Monthly ledgers and reconciliations
- Never overdrawn
Money laundering and terrorist financing regulations 2019 principles
- Requires staff training
- Compliance with due diligence requirements
- Have a ML risk assessment in place
- Treat domestic politically exposed persons as lower risk than other PEPs
Workman anti money laundering checks?
- Source of funds
- Nature of client
- Registered address
- Owner, passport
3 offences in the proceeds of crime act 2002
- Concealing criminal property
- Arranging criminal property
- Possessing criminal property
H&S at work act 1974, 6 pack of regulations.
- The Management of Health and Safety at Work Regulations:
- The Manual Handling Operations Regulations:
- The Display Screen Equipment Regulations:
- The Workplace (Health, Safety and Welfare) Regulations:
- The Provision and Use of Work Equipment Regulations:
- The Personal Protective Equipment (PPE) Regulations:
10 GAAP principles
- Regulatory
- Consistency
- Continuity
- Sincerity
- Permanence
- Prudence
- Periodicity
- Good faith
- Utmost good faith
- Non compensation
Difference between GAAP and IFRS
- All leases recognised on the balance sheet under IFRS 16
- IFRS is mandatory for London Stock Exchange companies
Types of insolvency
- Company Voluntary Arrangement (CVA)
- Compulsory liquidation
- Creditor voluntary liquidation
- Administration
- Receivership
MEES 2018
- current requirement
- fines
- exemptions
- Unlawful to let or continue to let with EPC of F or G from 2023
- Fined £5K or 10 of RV for less than 3-month breach
- £10K or 20% RV for more than 3-month breach.
- Exemptions – all improvements have been undertaken, improvements de value the property or if payback of improvements are more than 7 years.
BREEAM categories
- Energy
- Waste
- Water
- Pollution
- Transport
- Management
- Materials
- Land use and ecology
- Health and wellbeing
Principles of measurement
- Item capable of being measured
- Objectively verifiable
- Taken horizontally except for height
- Clearly documented.
What’s on a measurement report
- Date
- Purpose
- Measurement standard (IPMS or code of measuring)
- Basis (GEA GIA NIA or IPMS)
- Unit
- Floor area
- Supportive drawings
- RICS member
8 individual rights under GDPR
- Right to information
- Right to access
- Right to rectification
- Right to erasure
- Right to restrict processing
- Right to object
- Right to data portability
- Right to automated decision making.
6 principles of GDPR
- Lawfulness, fairness, transparency
- Accuracy
- Data minimisation
- Storage limitation
- Purpose limitation
- Confidentiality and integrity
Workman rent collection KPI
- 90% rent collection on day 7
- 95% on day 14
- 98% on day 28.
Equality act 2010 9 protected characteristics
- Gender
- Gender reassignment
- Race
- Religion
- Age
- Disability
- Marriage
- Pregnancy
- Sexual orientation
Red book VPS 1-5
- VPS 1, terms of engagement
- VPS 2 inspections, investigations, records
- VPS 3 valuation reports
- VPS 4 4 basis of value
- VPS 5 valuation approaches and methods.
Bases of value
- Market value
- Market rent
- Investment value
- Fair value
5 conventional methods of valuation
- Comparative
- Investment
- Residual
- Profits
- Contractors