Conflict Avoidance L1 Flashcards
What is a conflict?
A conflict is
Why is it important to avoid conflicts of interest.
Conflicts of interest, if not properly identified and
managed, act against the public interest, damage
consumer confidence and threaten the integrity of the
profession and those acting within it.
What does the RICS Rules of Conduct (for Firms/Members) say about avoiding conflicts of interest?
The Rules of Conduct state
What is good way to avoid conflicts?
a
What is Alternative Dispute Resolution (ADR)?
a
Why might you prefer to pursue ADR rather than litigation through the Courts?
a
Tell me about a conflict of interest check you have carried out. What would you do if you identified a perceived/actual conflict of interest?
a
Can you tell me about any RICS guidance relating to conflicts of interest?
a
What is the practice of dual agency/double dipping?
a
Can you tell me about any recent RICS guidance relating to dual agency/double dipping?
The RICS professional standards and guidance, UK
Conflicts of interest, effective from 2018, effects an outright ban on the practice of dual agency (double dipping).
What is the difference between an arbitrator and an independent expert?
a
Can you tell me about any other types of ADR?
a
Can you tell me about mediation/conciliation/adjudication?
a
What are the relevant timescales for adjudication?
a
Which Act governs adjudication?
a
