Ethics

Question 1

What are the 5 rules of conduct?

Answer 1

1 - be honest and act with integrity
2 - Maintain professional competence
3 - Provide good quality and diligent service
4 - Treat others with respect and encourage diversity and inclusion
5 - Act in the public interest and take responsibility

Question 2

Why do we have rules of conduct?

Answer 2

Set out the standards of professional conduct and practise expected of members and firms registered for regulation by RICS

Question 3

Define ethics

Answer 3

Having a higher standard than just avoiding a certain behaviour or practise because it is illegal

Question 4

5 principles of better regulation?

Answer 4

• Proportionality
• Accountability
• Consistency
• Targeting
• Transparency

Question 5

What are the 3 professional obligations for RICS members?

Answer 5

1 - Comply with CPD requirements
2 - Cooperate with the RICS
3 - Provide all information requested by the Standards and Regulation Board

Question 6

What is a conflict of interest?

Answer 6

A situation in which a person is in a position to derive personal benefit from actions or decisions made in their official capacity.

Question 7

What is a bribe?

Answer 7

A criminal attempt to influence behaviour

Question 8

What is Money Laundering?

Answer 8

Converting and investing illegally gained money into property

Question 9

Who is the president of the RICS?

Answer 9

Tina Paillet