Propertymark Unit 1 Section 6 & 8
Propertymark Quiz: Test Your Knowledge
Welcome to the Propertymark Unit 1 Section 6 & 8 quiz! This quiz is designed to assess your understanding of property law and regulations relevant to lettings agencies. Whether you're a seasoned professional or a newcomer to the field, this quiz will help reinforce your knowledge.
Key features of the quiz:
- 8 comprehensive questions
- Multiple-choice format for easy answering
- Scores displayed at the end of the quiz
A restrictive covenant allows what?
The beneficiary of the covenant to stop the land owner from doing something
A member of the public to have rights to another person's land
The local authority to have access to the land in question
The land owner to use the land as they wish
Which piece of legislation provides a definition of "land"?
Law of Property Act 1925
Commonhold and Leasehold Reform Act 2002
Law of Property (Miscellaneous Provisions) Act 1989
Land Act 1804
Information that a lettings agency collects and retains is regulated by which legislation?
The Estate Agents Act 1979
The Housing Act 1988
The Consumer Credit Act 1974
The General Data Protection Act 2018
Which of the following is NOT a principle under the Data Protection Regulations?
Data may only be help with consent
Data must be kept up to date
Data must be returned to the relevant person within 6 years
Data must be kept securely and not accidentally lost, destroyed or damaged
What is the financial level at which a lettings transaction becomes relevant for consideration under the Money Laundering Regulations 2019?
10,000 euros per annum
£10,000 in a calendar month
10,000 euros in a calendar month
15,000 euros
Which agents are currently required to appoint a Money Laundering Reporting Officer (MLRO)?
ARLA Propertymark members only
All letting agencies
Selling agents and some letting agencies
All agencies with a turnover in excess of £750,000 pa
Any organisation processing personal data must be registered with...
HMRC
ICO
NCA
PEP
An easement may arise if someone has used the land of another for an extended period of time without permission. What is the relevant minimum period?
10 years
20 years
30 years
40 years
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