Being a RICS regulated firm

Question 1

What does it mean to be a RICS regulated firm ?

Answer 1

It shows that I operate under the RICS high professional standards.

I operate under the RICS Rule of Conduct

Question 2

A RICS registered firm, must display what for example ?

Answer 2

Use RICS logo appropriately.
Have ‘Regulated by RICS’ on their letterhead/website

Question 3

To be a RICS regulated firm, you must, what ?

Answer 3

• Must provide surveying type services.
• Must follow RICS Rules of Conduct for Firms.
• Have 50% or more principles that are RICS members
• Submit yearly the RICS annual return
• Must pay appropriate annual fees

Question 4

firms REQUIRED to apply to be regulated

Answer 4

1) the Firm provides surveying services to the public .
2) the Firm is operating in Regulated Area A
3) at least 50% of the Firm’s Principals are RICS Members.