WorksheetsManchester Trainee Induction Sales Journey
Total questions: 20
Worksheet time: 10mins
Which of these teams is not part of the New Business Unit?
New Business Start Team
New Business Contact Team
New Business Quotes Team
New Business Processing Team
How long can a covenant be enforced for?
5 years
10 years
20 years
1 year
Which of these is the TA13?
Property Information Form
Fittings and Contents Form
Leasehold Information Form
Replies to Requisitions
Which of these does not feature in a sales memorandum?
Seller details
Mortgage Redemption Amount
Contact details for the conveyancer dealing with the purchase
Tenure of the property
What are the conditions required to be a witness?
Over the age of 17
Over the age of 18
Mentally competent
Not a family member
What is SMART considered in an undertaking
Special, Moments, Aged, Really and Timed
Standard, Measurable, Automated, Reality, Transfer
Specific, Measurable, Agreed, Realistic, Timed
Spontaneous, Moments, Automated, Reactive, Transfer
Who has the responsibility of chasing the client to fill out the Starter Form?
You as the conveyancer
Offshore
CST
The Estate Agent
Which of these is NOT an implication for non-compliance?
Disciplinary Proceedings Under the CLC
Directors can face court sanctions
Solicitors complain to the CLC leading to investigations
Solicitors must monitor the accuracy of any evidence provided
What level of EPC rating do we need to take client instruction to report to the mortgage lender?
D and below
E and below
F and below
G and below
What is an undertaking?
A legally binding contract
A legally binding promise
A legally binding intention
A legally binding instruction
Which of these is NOT a class of title?
Full
Absolute
Possessory
Good Leasehold
Which of these is not a tenure of property?
Copyhold
Commonhold
Leasehold
Jodie, stop trying to trick us....
What do you need to request a redemption statement? More than one answer
A phone number for the lender
Mortgage account number
Panel number
Redemption amount
We are notified by a client that they have their partner living at the sale property - what do we need to do?
Ask them to get the occupier to sign the contract
Ask them to get the occupier to sign the transfer
Tell them to split up.
Send out the occupier waiver form to the address and the cover letter.
What does an indemnity policy do?
It highlights any problems that have been raised
It covers the legal defect insured with the property
It protects the property from being sold or purchased.
It is a shield to protect oneself from being called to court
What is a PIF?
Property Individual Form
Property Intelligence Form
Property Information Form
Property Information File
Which points do we have to remember when checking an indemnity policy?
To check the limit is equal to the sale price
Check any escalation clauses
Check if this is agreed with the other side
All of the points mentioned.
At what point are the initial enquiries raised?
After the draft contract has been submitted/issued
Whenever the other side can be bothered
After obtaining the Sales Memo
Once the estate agents has instructed us on the transaction
What does a redemption statement show?
Gives you an estimate as to how much the property should be sold for
Tells you how much money needs to be cleared with the buyer before they are able to move in
Tells you how much you have left to pay on the mortgage, any interest due and any associated fees
Tells you information about the property
What percentage do Target HCA charge as a redemption amount of the sale price/market value?
10%
15%
20%
25%
