6 - RICS Core Materials

Question 1

What are the 2 new document categories introduced by the RICS?

Answer 1

RICS Professional Standards

RICS Practice Information

Question 2

What does the professional standards replace?

Answer 2

Professional statements and guidance notes

The RICS is in the process of reviewing and re-categorising all current documents

Question 4

What are RICS professional standards?

Answer 4

Set requirements or expectations for RICS members and firms about how they provide services

They may include mandatory requirements, which use the word ‘must’

Or

Recommended best practice, which use the word ‘should’

Question 5

What are RICS Practice Information?

Answer 5

Information to support the practice, knowledge and performance for members and firms

They do not contain advice.

Question 6

What are RICS Practice Alerts?

Answer 6

In august 2023, the RICS published a new page to collect Practice alerts which are key tools for earning or alerting the profession to emerging areas of risk

E.g. commercial property management and the new legislative requirements for fire risk assessments and fire management plans

Question 7

What are the different types of document the RICS publish?

Answer 7

1. RICS Rules of Conduct for Members and Firms 2. International Standard
2. RICS Professional Statement
3. RICS Guidance Note
4. RICS Code of Practice
5. RICS Jurisdiction Guide.