JLL Webinar 11/02/24 - What are the correlations you reference between trends in defferent sectors and geographies
- Interest rate rises and build cost inflation / energy costs is causing severe issues in the construction industry limiting growth.
CBRE MF Index webinar - Why is the MF asset class more resillient than other sectors? (07/02/24)
- Supply and demand constraints
- can hedge against inflation
- Cost of living crisis, the first thing people pay is their rent.
What are the current issues with infrastructure projects? (06/02/24)
- Rising energy/labour costs coupled with limited LA or Govt funding
What is an inclusive environment? How did the Modus journal help you?
- RICS define an inclusive environment as one that recognises and accomodates differences in the way people use the built and natural environment.
- Breaks down how different relevant legislations target inclusivity
- These include - Building regs / Sports Grounds Safety Authority / Equality Act 2010
- It is more than just a legal responsibility but also an ethical duty for surveyors.
What are the 6 key principles the Construction Industry Council detail for creating incl environments?
- Do more than comply with legislation
- acquire the skills, knowledge, and understanding to make inclusion the norm.
- Apply and integrate principles of inclusive design from the outset.
- Seek views of others
- Take a leadership role.
- Contribute
03/01/24 - What practices was Tina Pailett referring to in the ESG podcast you listened to?
- the importance of decarbonisation following COP 28. Targeting 2030 for near-zero emission buildings
- The launch of the Buildings Breakthrough Initiative
- Whole life carbon assessment standard - this offers a solution to measure embodied and operational carbon in new buildings and retrofit.
What are the common defects you see in a residential multifamily site?
- window openings
- scuffs from workers
- structural movements
What did you learn from the Construction Skills for the Future Webinar? (30/11/23)
My understanding of decarbonisation, which is the reduction of Co2 emissions through the use of low power sources
- increased my awareness of how far away we are from achieving net zero targets.
What are the decarbonisation methods you refer to?
- implementation of PV panels
- Air source heat pumps
- Alternative fuels
- Sustainable working practices
What was discussed during your presentation on valuation methodology in the living sector?
- Gross to net efficiencies - what is industry standard in terms of what makes up the operational expenditure. Movement away from a blanket 25% assumption and looking at things at asset level.
Can you tell us about what you learned form the secondary legislation podcast? (14/11/23)
- Definition of HRBs (Higher Risk Buildings) - at least 7storeys or 18m in height and has 2 or more occupants.
- Golden thread - requirement for clear and accurate data ensuring evidence is shown where buildings meet regulation standards.
- Must register this with a Building Safety Regulator by Oct 1st 23
- S156 of the Fire Safety Order amendments to the Reform order 2005 to improve fire safety in all buildings regulated by the FSO.
What is the current reform you reference regarding the landlord and tenant act?
- Renter reform Bill - it outlines plans to end the use of rent review clauses, preventing tenants from being locked into automatic rent increases. However, landlords will be allowed to raise rents once a year in line with market rent but must issue 2 months notice.
- Tenants are given more rights to keep pets in properties.
- ALL ASTs will move into a periodic tenancies
- s.21 evictions to be abolished.
- The bill is expected to come into effect prior to the next election.
What are ways you would optimise a financial model?
- Error checks
- Macros to automate processes
- Formulas to limit manual entry.
How would you explain a sublease structure acquisition?
The developer will be issued a development lease from the freeholder and be able to issue a sub lease to another purchaser (PRS) at GB stage. The freehold will then be drawn down from the freeholder at completion of units.
PERE Net zero strategies - What are the main challenges regions are facing when targeting net zero.
- Finding the balance between omitting carbon and reducing carbon
- Defining what the net zero target is for a specific asset - ISO standards provide a global definition
- Market differences and emphasis’ across regions.
What does BREEAM stand for?
Building Research Establishment Environmental Assessment Methodology
Why were the home survey standards introduced?
To establish a clear framework that sets minimum expectations. This is to protect and maintain consistent quality standards across residential surveys.
What are key economic indicators?
- GDP
- CPI
- Employment
- Govt debt
- House price growth
What are the main drivers that are likely to influence growth over the next few years?
- Wage inflation
- Taxation
- Debt market
What are the key aspects of financial sanctions?
- Asset freezes
- Prohibition on transactions - This could involve restrictions on providing financial services, making payments, or engaging in trade and investment activities.
- Designated Persons & Entities - The Govt maintains list of individuals, entities, and countries subject to financial sanctions.
- Compliance obligations - such as reporting any suspicious activity to authorities.
- Penalties for non-compliance
What is the relationship between interest rates and inflation?
Typically correlated. As inflation increase the BOE tends to increase the base rate.
Where is asbestos typically found in the workplace?
- Window Panels
- Partition Walls
- Lift shafts
- Ceiling tiles
What are your fire safety protocols at work?
- We have regular fire drill practices
- We must utilise all fire exit doors and meet outside in a safe place
- A check will then be conducted to assess everyone is out the office.
What is the definition of sustainability per the Red Book Global
Consideration of matters such as environment, climate change, health & wellbeing, and personal or corporate responsibility that can or do impact the valuation of an asset.
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Mandatory Competency Q&A54
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Health & Safety26
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Rules of Conduct & Professional Ethics14
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Key investment terms26
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SOE - Mandatory Qs61
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Technical Competencies - Level 3 Qs34
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Surveying Safely 2nd Edition5
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RICS - Conflicts of Interest13
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PII Cover10
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RICS - Handling Client's Money8
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Fire Safety & Building Safety13
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Valuation - APC43
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Inclusive Environments7
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CPD29
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RICS APC ESSENTIAL25
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Client Care12
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Case Study Qs30
