Conduct rules, ethics and professional practice

Question 1

What are the new Rules of Conduct?

Answer 1

1. Members and firms must be honest, act with integrity and comply with their professional obligations, including obligations to RICS
2. Members and firms must maintain their professional competence and ensure that services are provided by competent individuals who have the necessary expertise
3. Members and firms must provide good-quality and diligent service
4. Members and firms must treat others with respect and encourage diversity and inclusion
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
   The Rules of Conduct are based on ethical principles of honesty, integrity, competence, service, respect, and responsibility

Question 2

Who does the Rules of Conduct apply to?

Answer 2

The Rules of Conduct are mandatory standards of professional conduct and practice expected of all RICS members, candidates, students, and regulated firms.

Question 3

Why have the Rules of Conduct been updated?

Answer 3

There are five new Rules which have been updated to address challenges relating to sustainability, the use of data, and diversity and inclusion. The new Rules are based on the ethical principles of honesty, integrity, competence, service, respect, and responsibility.

The changes are intended to help the global profession respond to new risks and opportunities.

Question 4

What are the ethical principles the Rules of Conduct are based on?

Answer 4

HICSRR

Honesty 
Integrity 
Competence
Service
Respect 
Responsibility

Question 5

What has changed in the new Rules of Conduct?

Answer 5

Single document replaces rules for members and rues for firms.

Simpler structure 
Clear examples 
Focuses on respect, diversity and inclusion 
Understanding evolving technology 
Tackling global challenges