{ "@context": "https://schema.org", "@type": "Organization", "name": "Brainscape", "url": "https://www.brainscape.com/", "logo": "https://www.brainscape.com/pks/images/cms/public-views/shared/Brainscape-logo-c4e172b280b4616f7fda.svg", "sameAs": [ "https://www.facebook.com/Brainscape", "https://x.com/brainscape", "https://www.linkedin.com/company/brainscape", "https://www.instagram.com/brainscape/", "https://www.tiktok.com/@brainscapeu", "https://www.pinterest.com/brainscape/", "https://www.youtube.com/@BrainscapeNY" ], "contactPoint": { "@type": "ContactPoint", "telephone": "(929) 334-4005", "contactType": "customer service", "availableLanguage": ["English"] }, "founder": { "@type": "Person", "name": "Andrew Cohen" }, "description": "Brainscape’s spaced repetition system is proven to DOUBLE learning results! Find, make, and study flashcards online or in our mobile app. Serious learners only.", "address": { "@type": "PostalAddress", "streetAddress": "159 W 25th St, Ste 517", "addressLocality": "New York", "addressRegion": "NY", "postalCode": "10001", "addressCountry": "USA" } }

Lists! Flashcards

(31 cards)

1
Q

5 Rules of Conduct

A
  • Honesty and integrity
  • Competence
  • Service
  • Respect
  • Responsibility
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2
Q

6 principles of the bribery act 2010

A
  • Proportionality
  • Top level commitment
  • Due diligence
  • Risk assessment
  • Communication
  • Review
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3
Q

RICS Bye Laws

A
  • Applications
  • Membership
  • Designations
  • Contributions to funds
  • Conduct
  • Governing council
  • Boards, committees
  • Procedure for general meetings
  • Accounts
  • General
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4
Q

5 principles for better regulation (this is in relation to rules of conduct for members)

A
  • Transparent
  • Proportional
  • Accountable
  • Consistent
  • Targeted
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5
Q

Requirements for starting a new practice

A
  • 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
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6
Q

6 client money handling principles

A
  • 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
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7
Q

Money laundering and terrorist financing regulations 2019 principles

A
  • 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
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8
Q

Workman anti money laundering checks?

A
  • Source of funds
  • Nature of client
  • Registered address
  • Owner, passport
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9
Q

3 offences in the proceeds of crime act 2002

A
  • Concealing criminal property
  • Arranging criminal property
  • Possessing criminal property
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10
Q

H&S at work act 1974, 6 pack of regulations.

A
  1. The Management of Health and Safety at Work Regulations:
  2. The Manual Handling Operations Regulations:
  3. The Display Screen Equipment Regulations:
  4. The Workplace (Health, Safety and Welfare) Regulations:
  5. The Provision and Use of Work Equipment Regulations:
  6. The Personal Protective Equipment (PPE) Regulations:
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11
Q

10 GAAP principles

A
  • Regulatory
  • Consistency
  • Continuity
  • Sincerity
  • Permanence
  • Prudence
  • Periodicity
  • Good faith
  • Utmost good faith
  • Non compensation
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12
Q

Difference between GAAP and IFRS

A
  • All leases recognised on the balance sheet under IFRS 16
  • IFRS is mandatory for London Stock Exchange companies
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13
Q

Types of insolvency

A
  • Company Voluntary Arrangement (CVA)
  • Compulsory liquidation
  • Creditor voluntary liquidation
  • Administration
  • Receivership
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14
Q

MEES 2018
- current requirement
- fines
- exemptions

A
  • 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.
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15
Q

BREEAM categories

A
  • Energy
  • Waste
  • Water
  • Pollution
  • Transport
  • Management
  • Materials
  • Land use and ecology
  • Health and wellbeing
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16
Q

Principles of measurement

A
  • Item capable of being measured
  • Objectively verifiable
  • Taken horizontally except for height
  • Clearly documented.
17
Q

What’s on a measurement report

A
  • Date
  • Purpose
  • Measurement standard (IPMS or code of measuring)
  • Basis (GEA GIA NIA or IPMS)
  • Unit
  • Floor area
  • Supportive drawings
  • RICS member
18
Q

8 individual rights under GDPR

A
  • 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.
19
Q

6 principles of GDPR

A
  • Lawfulness, fairness, transparency
  • Accuracy
  • Data minimisation
  • Storage limitation
  • Purpose limitation
  • Confidentiality and integrity
20
Q

Workman rent collection KPI

A
  • 90% rent collection on day 7
  • 95% on day 14
  • 98% on day 28.
21
Q

Equality act 2010 9 protected characteristics

A
  • Gender
  • Gender reassignment
  • Race
  • Religion
  • Age
  • Disability
  • Marriage
  • Pregnancy
  • Sexual orientation
22
Q

Red book VPS 1-5

A
  • 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.
23
Q

Bases of value

A
  • Market value
  • Market rent
  • Investment value
  • Fair value
24
Q

5 conventional methods of valuation

A
  • Comparative
  • Investment
  • Residual
  • Profits
  • Contractors
25
Term and reversion method
- Used for under rented investments - Capitalise term using initial yields up to next review - Capitalise market rent into perpetuity at a higher yield due to higher risk. - Defer income by the length of term using PV of £1
26
Hardcore layer method
- Used for under rented investments - Capitalise hardcore into perpetuity - Capitalise layer into perpetuity at a higher risk due to higher yield - Defer the layer by term using PV of £1
27
S30 grounds for refusal
- Tenant has failed to carry out repairs - Tenant has persistently paid rent late - Tenant in substantial breach of another covenant - Landlord offers suitable alternative accommodation - Building let as a whole would produce higher rent than separate lettings - Landlord plans to demolish or refurbish - Landlord intends to occupy for own purposes.
28
4 tests from O’May vs City of London (change terms between leases)
- Has the party demanding the change shown good reason - Will the party resisting the change be adequately compensated - With the adjustments impair the conduct of tenant’s business - Is the variation fair and reasonable between parties.
29
How to carry out a rent review
- Receive written instruction from client - Check competence - Check COI - Agree terms of engagement - Request legal pack - Check assumptions and disregards in the lease - Undertake inspection and measurement - Collect comparable and make recommendation to client - Negotiate or go to 3rd party.
30
9 principles in service chares in commercial property 2019
- In accordance with lease - No more than 100% - Issue budget annually - Issue apportionment annually - Issue reconciliation annually - Hold money in discrete bank account - Interest to be credited to service charge - Tenant to only withhold sums in dispute - Error to be rectified without delay
31
How to deal with a licence to alter
- Receive T application in writing - Check lease - Request undertaking from T - Review plans with building surveyor - Obtain landlord consent - Document LTA - Complete final inspection