
Trainee Manchester Induction
Quiz
•
Professional Development
•
Professional Development
•
Practice Problem
•
Medium
Charles Homemove
Used 4+ times
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21 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What company do we use to order our searches?
York Place
Place York
FlowSearch
SearchFlow
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one of these Teams is NOT part of the New Business Unit?
Initial
Processing
Start
Quotes
Answer explanation
Quotes Team - They provide the quotes to the client.
Processing Team - Get the file up onto our case management system known as Visual Files.
Start Team - Chase/assist the client with filling out the Starter Pack
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
What is the other name for the Property Information Forms that begins with a T?
Answer explanation
TA6 - Property Information Form
TA10 - Fittings and Contents Form.
I always remember as con'TEN'ts form. Sad I know.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Where does the occupier sign on the contract on the sale of a property?
First page at the bottom right hand corner
2nd page, special condition5
2nd page, special condition 8
2nd page, special condition 12
Answer explanation
Special Conditions usually go 1 through 8 and the occupier will need to sign the contract to confirm that they will vacate.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is included in the TA13? Hint... there's more than one correct answer
Undertaking to pay off any charges on the property
Confirming any allowances/chattels that have been agreed.
Undertaking to send the TR1 to the other side on completion.
Confirming where keys will be held on completion
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What 2 things are different about the contract pack on the purchase of a property than on a sale?
MORE THAN ONE ANSWER....
Source of funds form
Stamp Duty Land Tax Declaration
TA13
No draft transfer from the other side
Answer explanation
Your Stamp Duty Land Tax Form and your Source of Funds Form are included within the Starter Pack not in the Contract Pack from the seller's solicitor.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Formula A exchange?
Where both solicitors hold their own signed contract and the deposit is held by the buyer's solicitor
Where one solicitor holds both signed contracts and the deposit
Where each party holds their own copy of the contract and the deposit skips from the bottom to top of the chain
Honestly Jodie... I need more time to answer these questions.
Answer explanation
Remember my demonstration when I used Brandon and Anjum as examples.
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