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.

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.