Ethics Flashcards
What is a conflict of interest?
- Anything that impedes someone to act imperial and in the best interest of a client
- Acting for two competing developers
What is modern slavery?
- Exploitation of people for personal gain.
- forcing people to work against their will.
What is money laundering?
Illegal process of making money sourced from illegals activity appear to come from a legitimate source
What is a bribe?
A negatively viewed reward offered for someone’s personal gain/motive
What are the CPD requirements for members?
- minimum 20 hours each year
- 10 formal
- must maintain relevant understanding of RICS standards
What are the sanctions if members don’t comply to CPD requirements?
- Warning
- Warning and fine
- Fine and expulsion
What is the RICS document outlining conflict of interest?
Conflict of interest RICD professional statement, March 2017.
What is the UK bribery act 2010?
-Covers criminal law relating to bribery.
- principles include: proportionality and top level commitment.
What are the consequences of not complying to the bribery legislation?
Maximum penalty of 10 years in prison and unlimited fine.
What are the RICS global rules of conduct?
What are the CPD requirements for non-members?
- 48 hours
- 24 must be formal
What makes CPD formal and informal?
Formal - structured learning that has clear learning objectives
Informal - self managed learning that is relevant to your professional role
What is the role of the RICS?
- provide best practice
- provide guidance
- ………..
What do you want to give back to the RICS?
- I would like to be part of giving best practice and guidance to upcoming surveyors
- keep up the god tier status of the organization
- become a supervisor, counselor and 1 day an assessor.
What is lion-heart?
Independent charity run by the RICS
