Ethics Flashcards
Why did the rules change?
They had been in place since 2007, Members voted to create one single document, with a focus on technology and tackling climate change.
What are the steps of the ethics tree?
- do you have sufficient facts?
- is it legal?
- does it comply with the rules of conduct?
- have you consulter the appropriate
individuals? - Do you have clear reasoning?
- would you be content for your actions to be
made public?
What if rule 5 of the new rules of conduct?
Members of firms must act in the public interest and take responsibility for their actions. They must act to prevent harm and maintain public confidence in the profession.
What are the five principles for better regulation?
PACTT
Proportionality
Accountability
Consistency
Targeting
Transparency
Why does the RICS have rules of conduct?
To provide a framework we can all work to and so your client knows they are a set level of service.
The rules of conduct are also a useful professional guide for individual institution members.
When did the rules of conduct change?
2nd February 2022
In the case of a breach of a rule of conduct, what is the procedure?
- Not every shortcoming will necessarily give
rise to proceedings - A formal investigation by the head of
regulations - RICS can request information and investigate compliance
- members must fully cooperate with any enquiries
How can a disciplinary proceeding be triggered?
- Someone complaining to the RICS
- An allegation by client or third party
- Information received or established by the RICS
What are the three actions that can be imposed after the investigation stage?
- Fixed penalty
- Consent order
- Disciplinary panel
What is the Mission Statement of the RICS?
How many qualified members does the RICS currently have?
Over 130,000
How is the RICS structured?
Privy council - award grants and royal charter
Governing council - provides management and strategic decision making
The Regulatory Board, Management Board and other various committees report to the GC
How many members does the Governing Council have?
25
What are the 4 levels of RICS membership?
- FRICS
- MRICS
- AccocRICS
- Trainee/Student
What are fixed penalties?
A fine set and determined by the RICS
What are the professional obligations of firms?
What are consent orders?
A written agreement between the RICS and a member containing corrective actions and restrictions from taking certain actions
When is disciplinary panel applicably?
For more serious breeches of conduct, usually held in public, a balance of probabilities is used
What breeches would expulsion be suitable for?
Persistent failure to comply with the RICS rules of conduct
Dishonesty
Conviction of a serious criminal offence etc.
What procedures should you follow if starting up a new practise?
- Contact RICS and register for regulation
- Appoint a contact office for all RICS comms.
- Prepare a complaints handling procedure
- Obtain professional indemnity insurance
- Use ‘regulated by RICS’ on all material
What is the RICS motto and what does it mean?
‘Est Modus in Rebus’ (there is measure in all things)
When was the RICS founded?
1868
What is rule 1 of the new rules of conduct?
Honesty & Integrity
Members and firms are to be honest and act with integrity, and comply with their professional obligations, including obligations to the RICS