Property Records Flashcards
What key things most companies do to comply with GDPR are and data protection act 2018
Ensure data is used for a purpose
Make sure permissions are in place to use data
Appoint a person to oversee data management compliance
Use security software to ensure strong data security
How do you ensure data is kept securely?
Kept in password-protected folders
Kept in folders with limited access
Antivirus software
Staff training
What is copyright
Exclusive rights to the author or creator I’ve any original work
Rights can be licensed, assigned or transferred
Crown copyright refers to government material
What are automated valuation models?
Systems that provide property valuations using mathematical modeling with a database
Mostly used for residential property
What are the weaknesses of a automated valuation model?
A valuers judgment is A large part of the valuation practice.
The valuation is only as good as the data inputted
What is a deed?
The legal documents showing ownership and details of the property
Usually kept with the solicitor
What is in a title document?
Property details
Owner
Price paid If sold after April 2002
Right of way
Restrictive covenant‘s
Boundaries
How do you know what the ground height is looking at a OS map?
Look at the contour lines Which are usually in 5 m intervals
What are the principles of data protection?
Process lawfully
Collected for a specific purpose
Accurate and kept up-to-date
Appropriate security of personal data
Who is responsible for data protection?
The date a controller is responsible and should demonstrate compliance with the principles
What fines can be issued under the GDPR
4% of annual turnover or €20 million
Who polices GDPr
The information commissioner’s office
When did GDPR come into
May 2018
