APC Background Knowledge

Question 1

What is the new Professional Standard RICS will be publishing later this year with regards to financial crime?

What infromation will be covered?

Answer 1

Countering financial crime: Bribery, corruption, money laundering, terrorist financing and sanctions violations
—–> currently in consultation - will replace Countering bribery, corruption, money laundering and terrorist financing, 2019)

• Includes emerging issues driven by the rise of new technologies such as artificial intelligence (AI)
• Increasing use of digital currency

Question 2

What is the new Professional Standard being published by RICS wirth regard to AI?

Answer 2

Responsible Use of AI in Surveying Practice, 1st edition

• Seeks to establish clear guidelines for AI integration into work - while MAINTAINING PROFESSIONAL JUDGEMENT AND ACCOUNTABILITY.
• Safeguards necessary to ensure that RICS professionals remain in control of their work and that the technology is used responsibly

Question 3

What is the Future Homes Standard?

Answer 3

• Aims to improve energy efficieny of new buildings and reduce carbon emissions
• Comes into effect 2025
• Home Energy Model (replacement of SAP)
• Goal = construction of homes should move away from fossil fuel heating systems & embrace heat pump / solar technology / triple glazing