Ethics

Question 1

• You mention the RICS regulatory framework in your submission. What is this and why is it important.

Answer 1

The 5 RICS rules of conduct – these are in place for members and firms and it helps to uphold the reputation of the profession and provides a strong foundation for members and firms.

Question 2

• You mention the new RICSC rules. What are these

Answer 2

There are now 5 RICS rules of conduct that are in place for both RICS members and RICS regulated firms. They are be honest, and act with integrity, maintain a good professional competence, provide good quality and diligent service, treat others with respect and act in the publics interest

Question 3

• On your project Westbury, you mention you led the tender process. Was this a private or public sector tender and what is the difference?

Answer 3

This was a private tender process. The difference between a private and public tender is a public sector tender is open to public scrutiny. Depending on the project price a public sector tender has to go through the Find a tender service system previously OJUE. Private tender can just negotiate with suppliers they have previously used.

Question 4

• Within your level 3, you mention you represented a colleague as a disciplinary procedure. What was your role and did the potentially pose you being in a conflict of interest?

Answer 4

I supported a colleague during a disciplinary procedure as my organisation does not have a trade union representative. My role was to just take notes for my colleague and be a sounding board for before and after the meeting. I did not feel like this was a conflict of interest for me as we were not in the same team and not working on any of the same projects.

Question 5

• If you were successful in your assessment you can set up your own company. Can you talk me through this and how you can be regulated by the RICS.

Answer 5

I would set up PI insurance, open company bank accounts, publish a complaints handling procedure, let the RICS know if/who is working for the company, become regulated by the RICS by registering

Question 6

• What are the New Rules of Conduct?

Answer 6

There are now 5 rules of conduct for both members and firms – they are to act with honesty and integrity, treat others with respect, act in the publics intertest, maintain and act within my competency and provide good quality and diligent service.

Question 7

• Explain your understanding of Rule Number 1?

Answer 7

Act with honesty and integrity – not to mislead others, not to take advantage of others, always communicate potential conflict of interests

Question 8

• Why did the previous Rules of Conduct change?

Answer 8

The rules of conduct changed following a global consultation to help the professional respond to new risks and opportunities. And bring it into one clear framework for both members and firms with examples.

Question 9

• What are the professional obligations of members?

Answer 9

20 hours of CPD – 10 informal 10 formal and cooperate with RICS

Question 10

• What are the offences of the Bribery Act?

Answer 10

Being bribed, bribing others, not reporting a bride and bribing a public official.

Question 11

• What companies does the bribery act apply to?

Answer 11

If they are incorporated in the UK and any companies that have carried out business in the UK

Question 12

• Are you aware of any RICS Guidance notes on Covid-19?

Answer 12

Yes they have provided guidance notes for surveying services, including guidance and support for SME’s

Question 13

• Following the Grenfell Disaster are you aware of any guidance the RICS has published to support fire safety?

Answer 13

RICS published fire safety guide – that highlights the responsibilities of tenants and landlords in keeping properties safe

Question 14

• What is PI insurance?

Answer 14

Its insurance for organisations that protects them for claims that can be made against employees for the advice or services they have provided

Question 15

PI levels?

Answer 15

If your business turnover is less than 100K then £250K, 100K-200K is 500K and then 200K and above is 1million

Question 16

• Tell me about a case law?

Answer 16

Merrit and babb 2001 – babb completed a valuation as an employee at a company on merit house the valuation was later to be found negligent. The company no longer exists and the PI policy had been cancelled. The court ruled in Merrits favour and could persue babb for losses. That’s why run off cover is in place

Question 17

• How long is run off cover in place?

Answer 17

6 years if the contract is signed underhand. 12 years if its signed as a deed

Question 18

• Setting up a business what insurance do you need.

Answer 18

Public indemnity, public liability, employers libability,

Question 19

• What are the RICS’ view on sustainability

Answer 19

recognises that sustainability should be considered throughout the property lifecycle - RICS is championing sustainable practices across the built and natural environment. We are also empowering professionals to embed sustainability considerations into the way they work and better measure environmental impacts

Question 20

• What are the professional groups and how many?

Answer 20

There are 18 - PM, QS, Building surveying, commerical property etc

Question 21

What is the modern slavery act.

Answer 21

introduced tougher penalties on the perpetrators of modern slavery, as well as more extensive support for its victims.

Question 22

• Can you handle cash.

Answer 22

no - Hold all client money in an exclusively controlled client money account

Question 23

• Why do you want to join the RICS.

Answer 23

personal pride, career development, and get support and information from a professional community I want to push forward for woman in construction in the industry

Question 24

• What is the RICS matrix

Answer 24

RICS Matrics supports new members entering the profession, as well as working with RICS to shape the future of surveying and grow the size and respect of the profession across industries globally.

Question 25

• What RICS initiatives are you aware of

Answer 25

independent Review of Real Estate Investment Valuations and RICS initiatives to support black professionals

Question 26

• What are professional statements:

Answer 26

they contain must haves mandatory requirements for members and firms

Question 27

• What specific form of CPD do you require

Answer 27

Ethics, Rules of Conduct and professionalism

Question 28

what is Lionheart?

Answer 28

independent chairty run by RICS for RICS professionals it includes a range of finanical support health and well being packages and free counselling

Question 29

what is the ethics deciison tree?

Answer 29

to help members make ethical decisions - do you have sufficent facts, is it legal, is it in line with RICS rules of conduct

Question 30

What are the RICS professional statements?

Answer 30

rules of conduct, bribery and corruption, clients money and conflicts of interest

Question 31

What is a bribe?

Answer 31

An incentive or reward offered to gain commeircal or personal advantage

Question 32

what are the concequences for not adhering to bribery act?

Answer 32

priison 10 years and unlimited fine

Question 33

what is money laundering>

Answer 33

when criminals disguise illegal money from criminal activities by making it look like it came from a legitimate source