Background to the RICS Flashcards
When was the RICS founded?
1868
What was granted by the Privy council? And in what year?
The Royal Charter granted in 1881
What do the RICS regulations and bye-laws set out?
They set out the governance of the institution.
How many members are there currently?
Between 130,000 - 140,000 members
What are the four levels of membership?
- FRICS
- MRICS
- AssocRICS
- Trainee/Student
What are the four Fellowship characteristics needed to achieve FRICS level?
CHAMPION – a Member who has gained recognition by an appropriate authority.
EXPERT – a Member who has been verified as advancing, sharing or interpreting knowledge.
INFLUENCER – a Member who influences how professionalism is perceived.
ROLE MODEL – a Member who exceeds standards for the advantage of clients, colleagues or the wider public.
Who runs the RICS by providing management and strategic direction?
The Governing Council
How many members comprise the Governing Council?
25 members
Who make up the 25 members of the governing council?
- Chair of Governing Council
- 6 Strategy Seats
- 15 Market Seats
- RICS President
- RICS President-Elect
- RICS Senior Vice-President
How many specialist professional groups does the RICS cover?
18 covering land, property and construction. e.g.
- Building Surveying
- Commercial Property
- Facilities Management
- Quantity Surveying
- Valuation
What is the elected board for each professional group responsible for?
Responsible for outlining standards of competence and practice.
Who is the current interim Chair of the Governing Council?
Clement Lau
How many National Associations are there in the UK?
RICS operates through four national associations in the UK:
- England
- Scotland
- Wales
- Northern Ireland.
We also have a growing presence in the Republic of Ireland.
How many regional boards are in the UK?
There are 12 Regional Boards across the UK, one each in Northern Ireland, Scotland and
Wales and nine in England.
Who is the current interim Chief Executive Officer?
Richard Collins (replaces Sean Tompkins)
Who is the current President?
Ann Gray FRICS
Who is the current President-elect?
Tina Paillet FRICS
The RICS’ main roles are:
- Advancing the highest ethical and technical standards for professionals in land, property and the built environment.
- To protect consumers through strict regulation and codes of best practice.
- Providing expert impartial advice.
- Equipping RICS members with leading-edge advice, market insight and professional training.
- Promoting RICS status and standards worldwide.
What are the 5 benefits of being an RICS member?
- Status - your professional credentials provide unrivalled client confidence.
- Recognition - promotion of your professional excellence to governments and markets.
- Market advantage - RICS status and standards gives you a competitive advantage.
- Knowledge - international practice standards, professional guidance, CPD & knowledge sharing.
- Network - access to 130,000 - 140,000 professionals worldwide.
What are the five principles of better regulation? (PACTT)
- Proportionality - making the penalty proportional to the breach.
- Accountability - to all members and the public.
- Consistency - treating all members the same.
- Targeting - serious breaches.
- Transparency - to all members, clients and the public.
What does bye-law 5.2.1 require members to do?
Every Member shall conduct himself in a manner befitting membership of RICS.
What may serious deviation from the RICS Global and Ethical Standards lead to?
RICS disciplinary action.
