Ethics Flashcards
What are the 5 rules of conduct?
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
Why do we have rules of conduct?
Set out the standards of professional conduct and practise expected of members and firms registered for regulation by RICS
Define ethics
Having a higher standard than just avoiding a certain behaviour or practise because it is illegal
5 principles of better regulation?
- Proportionality
- Accountability
- Consistency
- Targeting
- Transparency
What are the 3 professional obligations for RICS members?
1 - Comply with CPD requirements
2 - Cooperate with the RICS
3 - Provide all information requested by the Standards and Regulation Board
What is a conflict of interest?
A situation in which a person is in a position to derive personal benefit from actions or decisions made in their official capacity.
What is a bribe?
A criminal attempt to influence behaviour
What is Money Laundering?
Converting and investing illegally gained money into property
Who is the president of the RICS?
Tina Paillet
How do you approach a conflict of interest?
What do you need to set up your own business?
How did you deal with the fact that the landowner did not have a professional representative?
Did this alter your communication with him?
What Rule of conduct did the fee scale relate too?
What is company’s policy on dealing with conflict of interest?
Apart from informing client, was there any other measures you put in place r.e. conflict of interest?
