5N3025: Multi-Unit Developments & Owner Management Companies: QQI Level 5 Estate Agency Practice Assignment, LCFE, Ireland
| University | Limerick College of Further Education |
| Subject | 5N3025: QQI Level 5 Estate Agency Practice |
Instructions:
1) Demonstrate knowledge of the roles of relevant professional and legislative bodies in the
industry:
a) As a property professional you are regulated by the Property Services Regulatory
Authority (PSRA). Please describe and analyse the role of the PSRA.
b) List the different types of property professionals regulated by the PSRA.
c) Describe the rules of conduct as set down by the relevant professional bodies in the
industry to include the SCSI & IPAV.
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2) Multi-Unit Developments & Owner Management Companies.
a) Describe the structure and role of the owner management company of a multi-unit
development.
b) List the service charge requirements of a multi-unit development and prepare a
sample budget.
3) Describe the various types of lease agreements associated with letting of commercial
property.
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