Data Management

Question 1

How long do you need to keep data for?

Answer 1

• 6 years if underhand
• 12 years if deed
• RICS recommends 15 years

Question 2

What data systems does T&T use?

Answer 2

• Sharepoint
• Teams
• Outlook
• D365

Question 3

What are the sources of pricing data?

Answer 3

• SPONS
• BCIS
• Market Rates App

Question 4

What is the Data Protection Act 2018?

Answer 4

• Controls how your personal information is used by organisations, businesses and government
• UK implementation of GDPR

Question 5

What is GDPR?

Answer 5

General Data Protection Regulation - EU law on data protection and privacy

Question 6

Who are the key persons outlined in GDPR?

Answer 6

• Data Controller
• Data Processor
• Data Subject

Question 7

What are the 7 key principles of GDPR?

Answer 7

1. Lawful use of data
2. Purpose limitation
3. Data minimisation
4. Accuracy
5. Storage limitation
6. Integrity and confidentiality
7. Accountability

Question 8

What are the 8 individual rights under GDPR?

Answer 8

1. To be informed
   2. To access
2. To reactification
   4. To erasure
   5, To restrict processing
3. To data portability
   7. To object
4. To automated decision making

Question 9

What are the levels of fines for failing to comply with GDPR?

Answer 9

“There are two levels:

10 million euros or 2% of annual turnover, whichever is highest.

20 million euros or 4% of annual turnover, whichever is highest.”