Propertymark Level 3 Award In Real Property Auctioneering Practice Questions - Propertymark Level 3 Award In Real Property Auctioneering (NAVA, UK) Exam

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To maintain secure systems for key management in a property agency, how should property keys be stored and labelled in the office?

Stored in a locked key cabinet, labelled only with a unique code that references a secure internal database Labelled with the full property address and the owner's contact details to prevent key mix-ups Kept on the negotiator's desk or hook system for easy access during busy auction viewings Labelled with the reserve price and auction date to assist viewers who drop by the office

Correct Answer:

Stored in a locked key cabinet, labelled only with a unique code that references a secure internal database

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