6. Rules of Conduct Flashcards
What is the difference between RICS ethics and rules of conduct?
- Ethics are a set of moral values.
- Rules of conduct are a framework that we work to.
Why did the previous Rules of Conduct change?
- The previous rules had been in place since 2007.
- Following research and consultation with RICS Members, Firms and Members of the public, the majority voted in favour of replacing the existing Rules of Conduct and separate Global Professional and Ethical Standards.
- This was to provide a single document to enable greater clarity for RICS members and firms.
- I also understand there is now a greater focus on clearer example behaviours, understanding evolving technology and tackling climate change
Talk us through your understanding of the Rules of Conduct changes?
- The Rules of Conduct October 2021 Global Practice Statement will overhaul the previous separate
documents:
o Rules of conduct for Members.
o Rules of Conduct for Firms.
o Global Professional and Ethical Standards. - Appendix A of the Rules of Conduct now contains the professional obligations of Members and Firms.
Why does the RICS have Rules of Conduct?
- To provide a framework that we can all work to and so the client knows he is getting a set level of service.
- As well as being an important tool for the Institution, the Rules of Conduct are also a useful professional guide for individual institution members.
Your brother-in-law is a chartered surveyor. You find out that he is working outside the RICS Rules of Conduct. What do you do?
- I verify the facts and confront him reminding him of his duties as a member of the RICS.
- I inform the RICS specifying my relationship to the person and any corrective action which I believe my brother-in-law is committed to put in place.
In the case of a breach of a rule of conduct what is the procedure?
- The first step is A formal investigation by the Head of Regulation of the RICS
- The RICS can request information and/or visit and inspect to investigate compliance.
- Members must cooperate fully with all enquiries.
What is Rule of Conduct 1
Members and firms must be honest, act with integrity and comply with their professional obligations including obligations to RICS
What is Rule of Conduct 2
Members and firms must maintain their professional competence, and ensure services are provided by competent individuals who have the necessary experience
What is Rule of Conduct 3
Members and firms must provide good quality and diligent service
What is Rule of Conduct 4
Members and firms must treat others with respect
and encourage diversity and inclusion
What is Rule of Conduct 5
Members and firms must act in the public interest,
take responsibility for their actions
and act to prevent harm
and maintain public confidence in the profession
What is the difference between RICS ethics and rules of conduct?
Ethics are a set of moral values.
Rules of conduct are a framework that we work to.
What are the New Rules of Conduct?
Rule 1. Members and firms must be honest, act with integrity and comply with their professional obligations, including obligations to RICS.
Rule 2. Members and firms must maintain their professional competence and ensure that services are provided by competent individuals who have the necessary expertise.
Rule 3. Members and firms must provide good-quality and diligent service.
Rule 4. Members and firms must treat others with respect and encourage diversity and inclusion.
Rule 5. Members and firms must act in the public interest, take responsibility for their actions and act to prevent harm and maintain public confidence in the profession.
Why did the previous Rules of Conduct change?
- The previous rules had been in place since 2007.
- Following research and consultation with RICS Members, Firms and Members of the public, the majority voted in favour of replacing the existing Rules of Conduct and separate Global Professional and Ethical Standards.
- This was to provide a single document to enable greater clarity for RICS members and firms.
- I also understand there is now a greater focus on clearer example behaviours, understanding evolving technology and tackling climate change
Why does the RICS have Rules of Conduct?
To provide a framework that we can all work to and so the client knows he is getting a set level of service.
As well as being an important tool for the Institution, the Rules of Conduct are also a useful professional guide for individual institution members.