DRAFT Ethics, Rules of Conduct and Professionalism Flashcards
What are the hot topics RICs have recently looked at that impact you as a BS?
What is your RICS membership number?
0924013
Who is the president of the RICS?
Justin Sullivan (2025)
Who is the president elect of the RICS?
Nicholas Maclean (2025)
Who is the senior vice president of the RICS?
Maureen Ehrenberg
Who is the head of regulation in the RICS?
Who is the head of the privy council?
Who is the CEO RICS?
Justin Young (2025)
How many members of the RICS are there?
130,000 members across 140 countries
What is the RICS London HQ address?
12 Great George Street, London, SW1P 3AD
What does RICS stand for?
Royal Institution of Chartered Surveyors
What is the role of the RICS?
- Regulate and promote the profession
- Maintain the highest educational and professional standards
- Protect clients and consumers through a strict code of ethics
- Provide Impartial Advice, analysis and guidance
What are the RICS ethical standards?
STIRR:
Always Provide a High Level of Service
Act with Integrity
Act in a way that promotes Trust in the profession
Treat Others with Respect
Take Responsibility
What is the Carsberg report?
A third party review of how the RICS regulates itself.
Recommended greater separation of regulatory and representational functions.
Recommended chartered surveyors should still be regulated by the RICS but that this should involve separate regulatory and conduct boards.
What are the various RICS statuses?
Trainee
Student
Graduate
Assoc RICS
Member RICS
Fellowship RICS
How many RICS professional groups are there?
18
Name some RICS faculties.
Quantity Surveying
Building Surveying
Project Management
Valuation
Facilities Management
Dispute Resolution
What is the ISO Standard for anti-bribery?
37001
What is the ISO Standard for Corporate Social Responsibility?
26000
What are the rules of conduct for members?
There are 9 - ICE CSCSIC
Interpretation - member means a chartered surveyor, non charted member of honorary member
Communication - RICS will communicate via post, email, telephone, fax, or in person
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Ethical Behaviour - at all times act with integrity, avoid conflicts of interest, and avoid situations inconsistent with professional obligations
Competence - members shall carry out their professional work with due skill, care and diligence and with proper regard to the technical standards expected of them
Service - members shall carry out their work in a timely manner and with propoer regard for standards of service and customer care expected of them
Continuing Professional Development (CPD) - members shall comply with RICS requireiments in relation to CPD
Solvency - members shall enure that their personal and profesional finances and managed appropriately
Information to RICS - Members shall submit in a timely manner such information and in such form that the regulatory board may reasonably require
Co-operation - Members shall fully cooperate with RICS staff and any person appointed by the regulatory board.
What are the rules of conduct for firms?
There are 15 AS above plus - CCPAAD
Interpretation - “Providing a surveying service to the public,” any services that are considered within the responsibility of the RICS. “Contact Officer” is individual designated by the firm to be the main liaison point between the RICS and the firm and the person authorised by the firm to submit the annual return. “firm” is a partnership, LLP, whole or part of a body corporate or unincorporated practice or sole practitioner concerned with the business of surveying which is regulated by the RICS or equivalent in any other part of the world.
Communication - See rules for members
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Professional Behaviour - See rules for members
Competence - See rules for members
Service - See rules for members
Training and CPD - A firm shall have in place all necessary procedures so that all its staff are properly trained and competent to do their work
Complaints Handling Procedure - A firm shall operate a complaints handling procedure and maintain a complaints log. The complaints handling procedure must include an alternative dispute resolution mechanism that is approved by the regulatory board
Client’s Money - A firm shall preserve the security of Client’s money entrusted to its care in the course of its practice or business
Professional Indemnity Insurance - A firm shall ensure that all previous and current professional work is covered by adequate and appropriate indemnity cover which meets standards approved by the Regulatory Board.
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Advertising - A firm shall promote its professional services only in a truthful and responsible manner
Solvency - See rules for members
Arrangement to cover incapacity or death of a sole practitioner - a firm that has a sole principal shall have in place appropriate arrangements in the event of that sole principal’s death or incapacity or other extended absence
Use of Designations - A firm registered for regulation must display on its business literature in accordance with the Regulatory Boards published policy on designations, a designation to denote that it is regulated by RIC
Information to the RICS - See rules for members,
Co-operations - See rules for members
What do you know about the new rules of conduct
Released in October 2021, come into effect in Feb 2022
Replace rules for individuals & firms and rules of conduct
Based on behaviours & sustainability
New Rules:
Members & firms must be honest, act with integrity and comply with their professional obligations including obligations to the RICS.
Members & firms must maintain their professional competence and ensure services are provided by competent individuals who have necessary expertise.
Members & firms must provide good quality & diligent service.
Members & firms must treat others with respect and encourage diversity and inclusion.
Members & firms must act in public interest, take responsibility for their actions and act to prevent harm and maintain trust within the profession.
What is the RICS black book?
A suite of guidance notes that define good technical standards for Qs & construction professionals
What are there RICS black books on?
Acceleration - Capital Allowances - Commercial Management of Construction
Conflict Avoidance and Dispute Resolution - Cost Reporting - E Tendering
Construction Security and Performance Documents - Extensions of Time - Final Account Procedures
Defining Completion of the Works - Employers Agent D&B - Extentions of Time
Interim Valuations and Payment - Life Cycle Costing - Management of Risk
Lenders Independent Monitoring Surveyor - Retention - Tendering Strategies
Termination of Contract, Corporate Recovery and Insolvency
Value Management and Value Engineering - Valuing Change - Cashflow Forecasting
Cost Analysis and Benchmarking