Conduct Rules, Ethics & Professional Practice

Question 1

What are the 5 RICS Professional & Ethical Standards?

Answer 1

1. Act with integrity
2. Act in a way that promotes trust within the profession.
3. Always provide a high level of service.
4. Take responsibility.
5. Treat others with respect.

Question 2

What does Ethics mean to you?

Answer 2

Ethics means doing the right thing, even if it is not the easiest route to take.

Question 3

What does Integrity mean to you?

Answer 3

It means being honest, straightforward, and impartial.

Question 4

What does taking responsibility mean to you?

Answer 4

Being accountable for my actions, and having the courage to do what I believe.

Question 5

What are the principles for better regulation?

Answer 5

PACTT
Proportionality 
Accountability
Consistency
Targeting
Transparency

Question 6

What are the rules of conduct for members?

Answer 6

• Interpretation
• Communication
• Ethical Behaviour
• Competence
• Service
• CPD
• Solvency
• Information to the RICS
• Cooperation with RICS

Question 7

What are the rules of conduct for firms?

Answer 7

• Interpretation
• Communication
• Ethical Behaviour
• Competence
• Service
• CPD
• Solvency
• Information to the RICS
• Cooperation with RICS
• Complaints handling procedure
• Managing clients money
• Professional indemnity Insurance
• Advertising
• Arrangements to cover incapacity or death of a sole practicioner
• Use of designation

Question 8

What are the rules of conduct for firms that differ from those for members?

Answer 8

• Complaints handling procedure
• Managing clients money
• Professional indemnity Insurance
• Advertising
• Arrangements to cover incapacity or death of a sole practicioner
• Use of designation

Question 9

Why do we have rules?

Answer 9

To ensure a consistent, high standard of professionalism anywhere in the wortld

Question 10

Why do you want to be a member of the RICS?

Answer 10

• I want to become a member of an internationally
  recognised and respected professional group.
• It will provide me with significant career opportunities,
  continuous professional development and networking
  possibilities.
• It is the epitome of professionalism and knowledge
  within the construction industry.

Question 11

Is there legislation relating to anti-bribery?

Answer 11

• The bribery Act 2010

Question 12

What does this legislation cover?

Answer 12

• Active (giving) and passive (receiving) of a bribe
• Makes it illegal to bribe a foreign official
• Makes it illegal to not prevent bribery on behalf of a
  commercial organisation.

Question 13

What are the 6 prevention principles of the Bribery Act?

Answer 13

• Top level commitment
• Due diligence
• Training
• Monitoring
• Proportionality
• Risk Assessment

Question 14

How can you play your part in preventing bribery in the construction industry?

Answer 14

• By being open and honest about what may be constituted as a bribe.

Question 15

Can a gifr from a contractor be considered a bribe?

Answer 15

• Yes it can. It would depend on the circumstances and the gift in question.

Question 16

Tell me about your companies gift policy

Answer 16

• Must submit anything accepted or given to a
  contractor or client to the online gift register.
• Limit of £250 as to what we can give and receive.
• We are never to accept cash, gift vouchers, valuable
  items or frequent gifts.

Question 17

What is the modern slavery act?

Answer 17

• It was introduced in 2015.
• It is an act of parliament designed to combat modern
  slavery in the UK and consolidate demand for migrant
  workers.

Question 18

What are the CPD Requirements for members of the RICS?

Answer 18

• To complete 20 hours of CPD per calendar year. This must be made up of 10 hours of Formal CPD and 10 hours of Informal CPD.

Question 19

When do you have to complete your CPD by?

Answer 19

• 31st December every year.

Question 20

What is Formal CPD?

Answer 20

• Formal CPD is that which has a clear learning outcome from the session. e.g. a seminar or presentation.

Question 21

What is informal CPD?

Answer 21

• Informal CPD is more about generally learning e.g. reading Modus.