Propertymark Unit 1 Section 6 & 8

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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

8 Questions2 MinutesCreated by LearningLark212

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

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

Propertymark Unit 1 Section 6 & 8

Propertymark Quiz: Test Your Knowledge

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